November 2, 2017
Online bookmaker Sportsbet.com.au believe the Queensland State election will return a hung Parliament, with 80 per cent of money currently wagered backing that outcome.
The company said on Thursday it has shortened the odds that a hung Parliament will occur from $2.45 to $2.18, while no hung Parliament has drifted from $1.50 out to $1.65.
The bookie is also now offering what type of government Queenslanders will see after the November 25 election, with a Labor majority and a Labor minority government both rated the same chance at $2.30.
A Liberal minority government pays $2.70 and a Liberal majority government is rated a $7.50 chance, with One Nation at $21 to win in any capacity.
“Punters are convinced there will be a hung Parliament, with all the money coming for that outcome since the betting opened,” Sportsbet.com.au’s Will Byrne said.
Current markets:
Will there be a hung Parliament after the Queensland State election?
- $1.65 – No (out from $1.50)
- $2.18 – Yes (in from $2.45)
Type of next Queensland Government
- $2.30 – Labor Majority
- $2.30 – Labor Minority
- $2.70 – Liberal Minority
- $7.50 – Liberal Majority
- $21 – One Nation
Party of next Queensland Premier
- $1.75 – Labor
- $2.00 – Liberal
- $21 – One Nation
