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Bookmakers show diminishing odds for Coalition

BOOKMAKERS have revised their state election odds with the Coalition’s hopes of returning to power diminishing.
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Sportsbet released new figures yesterday with Labor at $1.20 to win at November 29 state election while the Coalition now stands at $4.

The gambling agency said there was now double the money bet on Labor compared to the Coalition compared to a few months ago when the odds were tighter.

Sportsbet spokesman Shaun Anderson said there had been a significant shift in gambler sentiment during the past four weeks.

“The market was starting to swing towards the Liberals who were $3.05 only a month ago,” he said. “But all of the money is now coming for Labor with punters thinking this one is already over.”

Centrebet has even wider odds with Labor at $1.14 to win on November 29 with the Coalition at $5.50 with British outfit William Hill and controversial bookmaker Tom Waterhouse also holding similar numbers.

Bookmakers classify South West Coast, Polwarth and Lowan as being easily retained by the Coalition with a number of Geelong and Melbourne constituencies judged as close contests.

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