In the West, the worm has turned. When the WA election was called, Centrebet had the two parties level pegging. Then the Coalition pulled ahead. Now, the Coalition’s announcement of a canal deal so cheap you’ll want to buy two of them seems to have voters (and punters) raising an eyebrow. Centrebet today Labor ahead by a nose, on $1.70 (54% chance of winning).
Meanwhile, John Quiggin has a neat discussion of the economics of the pipeline.
To follow up on the concept I mentioned in a previous thread. If I was managing risk at Tenix,
I would be trying to lay as much as I could on Labor while the odds were still good.
Andrew any idea of what sort of volume of bets are getting placed on the result?
I note ALP has gone to 1.57