Odds and sods: week two

The betting markets record movement to the Coalition on the question of party to form government, but seat markets offer ample opportunities to those not anticipating a Labor landslide.

Welcome to the second instalment of what will be a more-or-less weekly review of movements on election betting markets – in particular, those of Ladbrokes – coming slightly ahead of schedule, the first such post having been six days ago. On the big question of party to form government, the odds have reflected the tenor of media chatter over the past week by moving to the Coalition, who are now paying $3.80 compared with $4.50 last Thursday, while Labor are out from $1.19 to $1.23 (you can find these odds in the sidebar).

On the seat markets though (where you can find the odds at the bottom right of each page on my electorate guide), this only translates into two more seats where the Coalition is now rated favourite – leaving Labor as favourites in a surely implausible total of 95 seats, with the Coalition ahead in 50 and others in six. The latter are the five existing cross-bench seats, with Indi favoured to remain independent ($1.77 to $2.15 for the Coalition) despite the retirement of Cathy McGowan, and Rob Oakeshott favoured to win Cowper ($1.65 to $1.95 for the Coalition). They aren’t favourites, but someone at Ladbrokes or in the betting market thinks Shooters Fishers and Farmers are a show in Calare, where they are paying $3.00, in from $3.25 last week. Captain GetUp seems to have impressed the markets, with Tony Abbott in from $1.75 to $1.67 in Warringah and Zali Steggall out from $2.00 to $2.20.

In a fairly clear case of the polls leading the markets, one of the two seats where the Liberals are newly the favourites is Bass, where they have been slashed from $4.00 to $1.80, with Labor out from $1.20 to $1.70. This has also been reflected to an extent in the odds for Braddon, where the Liberals are in from $4.00 to $2.75 and Labor are out from $1.22 to $1.40. For some reason though, neighbouring Lyons has gone the other way, with the Liberals out from $4.00 to $4.50, and Labor in from $1.20 to $1.18. There also seems to have been no effect from the Corangamite poll, at least not yet – the Liberals have actually lengthened there, from $6.00 to $6.50.

The other seat where the Liberals are now the favourites is Brisbane, where they have shortened from $2.50 to $2.00, with Labor lengthening from $2.00 to $2.30. This was one of a number of modest movements to the Liberals in seats they are defending, the others including Dickson ($3.00 to $2.50), Capricornia ($2.75 to $2.50), Gilmore ($4.75 to $4.50), Dunkley ($4.20 to $4.00) and Higgins ($1.45 to $1.40). In Labor-held seats, the Liberals are in from $2.80 to $2.50 in Herbert, $5.00 to $4.00 in Solomon, $11 to $8.00 in Dobell, and $15 to $13 in Macarthur.

It hasn’t all been one way though – as well as Corangamite and Lyons, there have been movements to Labor in two seats that can be readily understood in terms of events on the ground last week. One is George Christensen’s seat of Dawson, although the movement here is very slight, with Christensen out from $2.20 to $2.25. The other is Chisholm, where Liberal candidate Gladys Liu’s bad press has brought Labor in from $1.44 to $1.33, although Liu herself is unchanged at $3.75. The Liberals have also lengthened in Boothby (from $2.20 to $2.40), Bonner ($2.40 to $2.90) and Grey ($1.30 to $1.36).

Author: William Bowe

William Bowe is a Perth-based election analyst and occasional teacher of political science. His blog, The Poll Bludger, has existed in one form or another since 2004, and is one of the most heavily trafficked websites on Australian politics.

945 comments on “Odds and sods: week two”

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  1. ab11
    The $16 million dam would not have to be dismantled, IMO. A couple of holes in the wall in strategic locations would render it useless.

  2. “Wayne, can you, at a bare minimum, ration it out a little more sparingly please.”…

    Thanks William. May I suggest to Wayne to ration his posts out at a rate of one per year. That would be plenty.

  3. Boerwar @ #511 Monday, April 22nd, 2019 – 5:04 pm

    rhw
    One nice little clean up would be for Australian entities that have operations in listed tax cheating destinations to autmatically forfeit all their possessions, and their boards and management staff immediately jailed for conspiracy to defraud the public.

    I was thinking of floating a similar proposition on PB just to see what others thought.
    Why can’t the Australian Government ban any entity conducting business in Australia from having any dealings, either directly or indirectly, with any entity domiciled in a tax haven?

    A recent small example.

    I had some printing done. I placed the order in Australia, the work was actually done in Australia, but the invoice was from an entity in The Netherlands. WTF!!!

    And to add insult to injury, the bank levied a charge for currency conversion on my credit card.

    There is no way such a rort should be permitted.

  4. Lizzie

    Sally McManus more powerful than Shorten. Cool. Radical left Corbyn style government here we come 🙂

    They really are getting desperate over there

  5. I will be hosting a big street party when our great LNP win the May election and everyone from here is invited to the party.

  6. Boerwar @ #519 Monday, April 22nd, 2019 – 5:13 pm

    No other outlets have the 2 Aussies killed story. Looks like Morrison has rewarded Murdoch once again.
    Reasonable people might want to know why all news outlets were not alerted simultaneously on this matter of national interest.
    But reasonable people already know.
    Morrison is bought and paid for.

    ABC News Radio had it.

  7. I needed some distraction and this was the best I could find. Sorry it’s not new.

    You Had One Job @_youhadonejob1
    Apr 20
    If you asked me to define human stupidity in just one image.

  8. Phillip Adams @PhillipAdams_1
    2h2 hours ago

    I’m in Barnaby’s electorate too. Sold off all our stock. Been buying tank loads of water Praise the lord for our drought envoy

  9. lizzie says:
    Monday, April 22, 2019 at 5:47 pm

    I needed some distraction and this was the best I could find. Sorry it’s not new.

    I think you just found Wayne’s job!

  10. Good lord. When it was a 700 strong car convoy, Bob Brown was saying it would emit less than 30 seconds worth. Now it’s less cars and three days…

  11. C@tmomma
    says:
    Monday, April 22, 2019 at 5:52 pm
    Alpo @ #551 Monday, April 22nd, 2019 – 5:43 pm
    “Wayne, can you, at a bare minimum, ration it out a little more sparingly please.”…
    Thanks William. May I suggest to Wayne to ration his posts out at a rate of one per year. That would be plenty.
    And he has taken no notice of the both of you. See @5.46.
    ____________________________________
    maybe you could do some rationing too. 200 posts today?

  12. C@tmomma @ #527 Monday, April 22nd, 2019 – 5:18 pm

    EGW,
    I am not sure if the AEC will accept any new candidate nominations at this stage. I hope not.

    They have to. See my previous post. 🙂

    Your posts on this topic are not reliable.
    A nomination has already been lodged for the NSW ALP Senate Ticket. Nominations close tomorrow, but as a full slate of candidates has already been nominated, can that be changed other than allowing a candidate to withdraw? Can a substitution be made?
    Bulk nominations by parties closed on 21st.

    I honestly don’t know the answer and, I suggest, neither do you.

  13. laughtong @ #529 Monday, April 22nd, 2019 – 5:18 pm

    Boerwar @ #518 Monday, April 22nd, 2019 – 5:13 pm

    No other outlets have the 2 Aussies killed story. Looks like Morrison has rewarded Murdoch once again.
    Reasonable people might want to know why all news outlets were not alerted simultaneously on this matter of national interest.
    But reasonable people already know.
    Morrison is bought and paid for.

    ABC now has it. Guardian has it. I am fairly confident I saw it on the Age.
    Maybe behind the Murdoch outlets though.

    Conspiracy theories are all the go on PB. Don’t spoil this one with facts. 😆

  14. Mr Denmore

    @MrDenmore

    1. Most people: ‘MPs’ religious beliefs are a private matter.’
    2. PM to media: ‘Hey, film me praying & waving my arms around!’
    3. Most people: ‘That image makes me feel uncomfortable.’
    4. Morrison: ‘You’re politicising my religion.’

  15. Well that was easy!

    RN DriveVerified account @RNDrive
    14m14 minutes ago

    On #rndrive tonight with @PatsKarvelas

    @Barnaby_Joyce answers questions over water buybacks #watergate #auspol

    Plus Colombo MP @HarshadeSilvaMP on the #SriLanka bombings

    @MichaelWestBiz also talks to #rndrive

    Don’t miss it live: https://radio.abc.net.au/stations/RN/live?play=true … (Pic: AAP)

  16. Government money involved directly or indirectly all over watergate and we aren’t allowed to ask the names of the Cayman’s identity? And politicians , the government are not obligated to inform the public.
    Right wing regime stuff. (ie bullshit).
    And the MSM aren’t interested. (more bullshit).
    And a PM doesn’t know anything.(Sgt Schultz bullshit).

  17. C@tMomma: “And he [Wayne] has taken no notice of the both of you. See @5.46. ”

    Thus providing further support for the theory that “Wayne” is a machine learning computer program, now malfunctioning as a result of Bowe’s message being outside its generalisation bounds…

  18. adrian says:
    Monday, April 22, 2019 at 6:02 pm

    lizzie @ #571 Monday, April 22nd, 2019 – 5:57 pm

    adrian

    It’s no good. Almost everyone does it. Even those not mathematically challenged.

    I know, it’s like its and it’s…

    The one I’m noticing more lately is “to” instead of “too”.

  19. They paid nothing for it and sold it for $80 million. And the company sold the farms with the water and dams still intact.

    Just as Dire Straits sang…….

    Money For Nothing(and your cheques for free)

  20. Hey Red Ted,

    There is a conspiracy theory that W Bowe is ‘Wayne’.

    For a whole raft of reasons.

    Could be W Bowe threw that in as fingers are occasionally pointed in his direction?

  21. E. G. Theodore @ #578 Monday, April 22nd, 2019 – 6:03 pm

    C@tMomma: “And he [Wayne] has taken no notice of the both of you. See @5.46. ”

    Thus providing further support for the theory that “Wayne” is a machine learning computer program, now malfunctioning as a result of Bowe’s message being outside its generalisation bounds…

    Yes, probably a malfunctioning i360 bot. 😆

  22. Moronson believes that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a woman made from a rib was convinced by a talking snake to eat from a magical tree.
    He also believes in “the rapture”!

  23. Is it possible that Barnaby is making this whole thing worse by not answering the questions? Surely they’ll just keep getting asked?

  24. Barney in Da Lat @ #584 Monday, April 22nd, 2019 – 6:07 pm

    adrian says:
    Monday, April 22, 2019 at 6:02 pm

    lizzie @ #571 Monday, April 22nd, 2019 – 5:57 pm

    adrian

    It’s no good. Almost everyone does it. Even those not mathematically challenged.

    I know, it’s like its and it’s…

    The one I’m noticing more lately is “to” instead of “too”.

    I fell about laughing when I caught sight of ‘overbored’ on my son’s phone the other day. 😆

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