Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Brash Becomes the Election Betting Favourite

Brash Becomes the Election Betting Favourite

SYDNEY, Sept. 15 /MediaNet International-AsiaNet/ --

Centrebet's prime minister odds favour National leader Don Brash for the first time since July 26.

Brash has been Centrebet's PM underdog for all bar one day of the official campaign to date.

But punters have wagered more than $150,000 on Brash this week to lift him to favouritism.

Labour's outlook is so bleak that some punters are changing horses and accepting losses.

"You know that you're in trouble when punters who backed your party at short odds several weeks ago switch sides and lock in an election betting loss," says Centrebet's Gerard Daffy.

Centrebet specialises in election betting and there is evidence to support its claim that its odds are more accurate than polls. Stanford University's Justin Wolfers and Andrew Leigh, of Harvard, found that Centrebet's odds on the 2001 Australian Federal Election not only forecast the overall result correctly but also provided precise estimates of outcomes in more than 40 electorates.

Wolfers (http://bpp.wharton.upenn.edu/jwolfers) and Leigh (http://andrewleigh.com) also praised the accuracy of Centrebet's betting odds on last year's Australian Federal Election.

Prime minister
1.80 National (Don Brash)
1.90 Labour (Helen Clark)
Log on to http://www.centrebet.com to view its latest odds.

About Centrebet

The southern hemisphere's oldest online bookmaker, Centrebet operates in one of the world's strictest jurisdictions. Australia's Northern Territory Government licenses Centrebet. Its Racing and Gaming Commission monitors transactions for the protection of Centrebet and its clients.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Gita Hits NZ: 'It Was Literally Like A Wall Of Water'

"We were looking at the river at 80 cubic metres at about 4pm thinking it was amazing that we'd dodged the bullet ... an hour and a half later it was 600 cubic metres, and it just kept going up to 900 from there." More>>

ALSO:

America's Cup: Another Day, Another Cup Village Plan

A fourth option modelling what an America's Cup Village in Auckland might look like has arrived today as a planning deadline nears with no agreement in sight.More>>

Closing Or Selling Regionals: Fairfax Starts NZ Endgame

Fairfax Media Group will close or sell 35 percent of its New Zealand print titles as the Australian group pursues a digital strategy for the kiwi unit, now rebranded Stuff. More>>

Fletcher Building: Norris Steps Down As Chair After New $486M Loss Provision

Ralph Norris will step down as chairman of Fletcher Building after the company took a further $486 million provision for project losses at its Building + Interiors unit and said 14 of the unit's 73 projects, worth $2.3 billion, are loss-making or 'on watch'. More>>

ALSO:

WWF: Concerns With Suggestion To “Scrap” Fishing Monitoring

“Our Pacific neighbours, like Fiji and the Solomon Islands, are making this work with far less economic resources than New Zealand. There’s no reason the government can’t get this done by October.” More>>

ALSO:

Stink one!: Stink Bug Invasion Could Cost NZ Billions

An invasion of the brown marmorated stink bug - the pest discovered recently in three Japanese car shipments - would devastate New Zealand's fruit, vegetable and wine industries, destroying more than $4 billion of export value and costing thousands ... More>>