Whether governments fall or remain on the Treasury benches, the smart punter can cash in on individual seat betting in federal elections. That is where the value always lies.
While the head to head markets did shift last week (Labor in to $1.25 from $1.40, Coalition out from $2.40 to $3.50), the individual seat markets barely moved at all. Punters might have thought it was too early or indeed they might have been so fixated on the car crash within the Liberal Party they ran out of time to have a lash.
Individual seat betting markets have only just started to reflect the events of last week and the impact on the broad electorate. If political punters are going to have a bet on the next federal election, now is the time because the value is not likely to last. The downside to this approach is the heightened risk associated with punting on the outcome of an election that may be eight months away. Scott Morrison might stage a comeback, the swings against the Coalition may well be less than expected or nothing at all.
Full column here.
It was 87 I think, not 21.
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Election fever in the air, Mr Insider as we see in your new Blog about the Wentworth By Election the “punters” are eager for “blood”.