election odds
(Image: AAP/Darren England)

You can sense the true believers starting to get skittish. Despite leading the Coalition on a two-party-preferred basis for most of the last three years, Labor’s lead in the opinion polls has narrowed. Bill Shorten has so far been unable to decisively pull ahead as the campaign enters its frenetic final days.

But the betting markets could give the ALP hope. Some pundits swear by the idea the odds are a stronger indicator of an upcoming election's outcome than any polling. And, if that's the case, Bill Shorten looks set for the lodge.