Working Papers

Federal Election Betting Markets

Canberra bookie Portlandbet has opened a book on the outcome of every federal seat ahead of this year’s general election:

Punters have the opportunity to bet on any and every seat for the first time with prices on all 150 seats being offered.

On current prices, Portlandbet forecasts the Coalition to return to government with a reduced majority, winning 77 seats to 71 for the Australia Labor Party. Independents should win 2 seats.

This is consistent with the flow of money for the Coalition in recent weeks, who have firmed in Portlandbet markets from $2.15 to $1.87.


posted on 05 July 2007 by skirchner in Economics, Financial Markets

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