If you thought this was a good week for the Coalition, then you disagreed with the punters as our 5 agency betting market average moved slightly towards Labor this week. The implied probability of a Labor victory at the next federal election is up 0.2% to 78.1%, while the Coalition dropped by the same amount to come in at 21.9%.
The change this week was entirely driven by Betfair, where the price on the Coalition shifted out from the $4.10 it enjoyed last week to $4.30 this week. Everywhere else is was business is usual. Our chart – now with two exciting sets of observations, comes in like this.