Australia: Punters Still Favour the Coalition in Tight Election Race
The Governor General has fired the starting gun for the federal election and the media are quick off the mark with their opinion poll form guides. A close run thing the headlines shout across the nation.
But at leading bookmaker William Hill the message is a very different one.
“Our market still has the Coalition a very firm favourite to emerge the winner on 2 July,” a William Hill spokesperson said.
“You can get $3.50 about Labor but the punters are showing more interest in taking the odds-on of $1.30 about Malcolm Turnbull’s team.
“And if you think this morning’s opinion polls are an accurate reflection of the likely outcome then the $4 about a hung Parliament with neither the Coalition nor Labor having a House of Representatives majority should be attractive.”
The overall election result is not the only difference of opinion between the pollsters and the William Hill market. On 7 News late last week the network’s political pundit rather breathlessly revealed so-called internal Liberal Party polling showing that the bellwether seat of Eden Monaro in NSW was substantially going Labor’s way.
The market has taken no notice of that with the sitting Liberal member still a clear favourite.
Coalition (Peter Hendy)
Labor (Mike Kelly)
Greens (Tamara Ryan)
William Hill has markets on all the other marginal seats around the country.