Friday, May 13, 2016

Betting Market update

Let's start with today's odds.

House Coalition Odds ($) Labor Odds ($) Coalition Win Probability (%)
2016-05-13 Betfair 1.35 3.42 71.70
2016-05-13 CrownBet 1.33 3.25 70.96
2016-05-13 Ladbrokes 1.33 3.25 70.96
2016-05-13 Luxbet 1.27 3.65 74.19
2016-05-13 Sportsbet 1.33 3.25 70.96
2016-05-13 TABtouch 1.30 3.15 70.79
2016-05-13 William Hill 1.30 3.30 71.74

And a quick look at the implied Coalition win probabilities from each betting house over the week.

% Fr 6-May Sa 7-May Su 8-May Mo 9-May Tu 10-May We 11-May Th 12-May Fr 13-May
Betfair 70.54 70.22 69.58 69.16 72.65 72.44 71.85 71.70
CrownBet 70.48 70.48 70.48 72.03 72.03 72.03 70.96 70.96
Ladbrokes 70.96 70.96 68.81 68.81 68.81 70.96 70.96 70.96
Luxbet 71.58 71.58 71.58 71.58 71.58 74.19 74.19 74.19
Sportsbet 70.96 70.96 70.96 70.96 70.96 70.96 70.96 70.96
TABtouch 69.82 69.82 72.04 72.04 73.25 73.80 73.80 70.79
William Hill 70.81 70.81 72.92 72.92 74.07 74.60 74.60 71.74
Average 70.74 70.69 70.91 71.07 71.91 72.71 72.47 71.61

The usual charts come next.





Moving to the Sportsbet individual seats market: in the next table we can see the House of Representative outcome if the favourite won each seat.

Any Other Coalition Green Independent KAP (Bob Katter) Labor Nick Xenophon Team
0 78 1 2 1 68 0

We can look at the close seats (where the favourite is on a win probability of less than 60 per cent). These are the seats to watch. Some of these seats have no-one on a probability of 50 per cent or more.

Any Other Coalition Green Independent KAP (Bob Katter) Labor Nick Xenophon Team
Richmond (NSW) 3.34 19.32 17.39 - - 59.95 -
Hindmarsh (SA) 3.25 33.85 3.25 - - 48.36 11.28
Solomon (NT) 3.33 34.68 3.33 0.86 - 57.80 -
Dobell (NSW) 2.61 35.54 2.61 - - 59.23 -
Burt (WA) 2.68 40.45 - - - 56.88 -
Lyons (TAS) 5.44 41.46 3.35 - - 49.75 -
Swan (WA) 3.25 42.29 5.29 - - 49.17 -
Deakin (VIC) 3.27 42.50 5.67 - - 48.57 -
Hasluck (WA) 3.28 42.58 4.06 - - 50.09 -
|Macarthur (NSW) 3.34 44.51 2.55 - - 49.60 -
Eden Monaro (NSW) 1.70 46.96 1.70 - - 49.64 -
Corangamite (VIC) 3.32 49.37 4.11 - - 43.20 -
Reid (NSW) 3.35 49.76 3.35 - - 43.54 -
Page (NSW) 3.39 50.32 8.01 - - 38.29 -
Robertson (NSW) 2.35 50.81 11.40 - - 35.45 -
|Cowan (WA) 3.40 52.98 3.40 - - 40.22 -
Brisbane (QLD) 3.32 53.31 4.11 - - 39.26 -
La Trobe (Vic) 3.33 54.09 4.12 - - 38.46 -
Macquarie (NSW) 3.21 55.64 3.21 - - 37.94 -
|Lindsay (NSW) 3.39 55.73 4.19 - - 36.69 -
Bonner (QLD) 3.26 56.58 3.26 - - 36.90 -
Dunkley (VIC) 2.20 57.21 2.92 - - 37.67 -
Gilmore (NSW) 3.34 57.83 4.13 - - 34.70 -
Banks (NSW) 3.34 57.83 4.13 - - 34.70 -
Forde (QLD) 3.36 58.30 3.36 - - 34.98 -
New England (NSW) 3.92 58.80 3.43 29.93 - 3.92 -
Braddon (TAS) 4.10 59.44 3.31 - - 33.15 -
Leichhardt (QLD) 6.95 59.54 3.21 - - 30.31 -
Stirling (WA) 3.31 59.68 3.31 - - 33.70 -

We can use the betting market to look at those seats where the Coalition members are in competition. In Murray, the Nationals are the punters choice. In Indi its neither Coalition member, with punters favouring an independent.

% Any Other Green Independent KAP (Bob Katter) Labor Liberal National Nick Xenophon Team
Murray (VIC) 5.00 3.08 - - 3.81 38.10 50.01 -
Indi (VIC) 3.07 1.56 63.8 - 4.98 10.63 15.95 -

And we can use the betting market to see where seats might be changing sides at the next election. Noting that the 2013 outcomes in the next table were sourced from Antony Green.

Seat TPP 2013 TCP 2013 2013 Outcome 2016 Favourite
Burt (WA) LIB 6.1% - Coalition Labor
Capricornia (QLD) LNP 0.8% - Coalition Labor
Deakin (VIC) LIB 3.2% - Coalition Labor
Eden Monaro (NSW) LIB 2.9% - Coalition Labor
Fairfax (QLD) - PUP 0.03% v LNP Palmer United Coalition
Hasluck (WA) LIB 6.0% - Coalition Labor
Hindmarsh (SA) LIB 1.9% - Coalition Labor
Lyons (TAS) LIB 1.2% - Coalition Labor
Macarthur (NSW) LIB 3.3% - Coalition Labor
Petrie (QLD) LNP 0.5% - Coalition Labor
Solomon (NT) CLP 1.4% - Coalition Labor
Swan (WA) LIB 7.3% - Coalition Labor

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