Labor remains as firm favourite in pre-election betting markets

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Labor remains as firm favourite in pre-election betting markets
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Anthony Albanese is looking like becoming the next Prime Minister of Australia with Labor the short priced favourites in the pre-election betting markets at the halfway point of the campaign.

The Coalition’s odds have slipped out to $2.60 after they spent the early weeks in the campaign closing the gap with Labor who is now priced at $1.44 to win the election.

Anthony Albanese is firming to become the next Prime Minister of Australia according to the pre-election betting markets. Picture: NCA NewsWire / Gary Ramage “The big money continues to come for Labor, but we are still seeing more individual bets for the Coalition,” Ladbrokes Thomas Hackett said. Labor was expected to slide out in the betting markets while Mr Albanese spent the week in isolation after testing positive for COVID-19 at the end of the second week on the campaign trail.

Across the states and territories, Labor remains the favourite to win more seats than the Coalition with leads in all jurisdictions except Western Australia and Queensland. Labor is the favourite in both Northern Territory seats, in Tasmania the Opposition is favoured in four seats while an independent holds one, in South Australia Labor is shorter priced in six seats the Coalition is in three while the Centre Alliance is in one seat.

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