NSW State election: Labor's odds balloon to biggest since betting commenced
In a two-horse market, it’s rare to see odds as big as $21 for one of the contenders.
But that’s exactly the price on offer at WilliamHill.com.au for Labor to win the NSW state election on Saturday – the largest odds they have been since betting commenced nearly a year ago.
On the other hand, the Coalition is now at the skinny odds of $1.01. That price represents a return of just $1 for every $100 staked – the shortest odds available at William Hill.
“Despite the extremely skinny price, we’ve taken bets of $100,000 and $170,000 for a Coalition victory,” said William Hill’s Andrew Brown.
“But punters are now looking for value and turning their attention to individual seats.”
One such seat attracting plenty of interest is Mulgoa, where William Hill has written a bet of $10,000 at $1.30 for a Coalition win.
Labor has been strongly supported to win Balmain, firming from $1.65 into $1.35 amid a flurry of four-figure bets.
Favouritism has flipped in the seat of Newtown, with Labor firming from $2.40 into $1.75 and the Greens drifting from $1.60 to $2.
Most punters expect the Coalition to win between 50-54 seats on Saturday, with that option being the $2.05 favourite ahead of 55-59 seats at $3.
For William Hill’s latest markets for the NSW State election visit https://www.williamhill.com.au/elections/7628979/d/nsw-state-election-2015-legislative-assembly