Two Party Preferred Betting
Posted by Possum Comitatus on November 21, 2007
Sportingbet has announced a new thing to bet on – the two party preferred vote.
I’m surprised it’s taken so long for one of the companies to do this, but it might be interesting:
The media release goes like this:
SPORTINGBET ANNOUNCES TWO PARTY PREFERRED ELECTION MARKET
Sportingbet Australia has today launched an exclusive market which invites punters to predict Labor’s share of the two party preferred vote.
“We’re asking punters to nominate Labor’s share of the two party preferred vote” said Sportingbet Australia CEO Michael Sullivan. “This could be one of the most interesting markets we’ve launched on the 2007 election. It really tests the political insider to put their money where their mouth is”
“At the last election, Labor’s share of the two party preferred vote was 47.3 per cent. The high water marks for Labor since the second world war were Hawke’s election in 1983 with 53.2 per cent and Whitlam’s election with 52.7 per cent in 1972. The polls, however, suggest that Labor could pass both of these figures.”
“We’ve installed the early favourite as Labor to achieve 53.00 to 53.99 per cent of the two party preferred vote. It’s interesting to note that Labor could achieve a vote as high as 52 per cent and still not win the election” Mr Sullivan concluded.
The starting prices are:
Labor’s Share of Two Party Preferred Vote
Less than 48% $26
56% or more $11
It will be interesting to see how it moves over the next few days