National betting market update

This morning's read from prediction markets for the Federal election outcome shows a marked change on yesterday. Yesterday I had the mean Coalition win probability across the three houses I follow (Beteasy, Ladbrokes and Sportsbet) at 25.3 per cent. This morning it had jumped to 29.2 per cent.

If we turn to the specific data for yesterday and this morning, we can the change occurred in each of the three markets.

Date	House	Coalition ($)	Labor ($)	Coalition Win Probability
2019-04-29	Ladbrokes	3.5	1.3	0.2708
2019-04-29	BetEasy	3.9	1.25	0.2427
2019-04-29	Sportsbet	3.85	1.25	0.2451
2019-04-30	Ladbrokes	3.15	1.35	0.3
2019-04-30	BetEasy	3.3	1.33	0.2873
2019-04-30	Sportsbet	3.3	1.33	0.2873

A comparison with where the betting markets were on the morning of 11 April, when the election was called, suggests that punters think Scott Morrison has improved his chances of winning over the campaign to date.

Date	House	Coalition ($)	Labor ($)	Coalition Win Probability
2019-04-11	Ladbrokes	4.75	1.17	0.1976
2019-04-11	BetEasy	5	1.16	0.1883
2019-04-11	Sportsbet	4.85	1.16	0.1930