$10,000 punt on National Win

I’m having one of those fortnights this week so just caught up with this in yesterday’s Press over breakfast:

A Melbourne punter thinks National will win New Zealand’s election and has plunged $A 10,000 ($NZ12,720) on John Key’s party. The punter stands to win $A13,500 with Australian betting agency Centrebet if National wins the election later this year.

Centrebet has since firmed National in to $1.30 with Labour the outsider at $3.35.

“It’s one of the biggest bets so far, but we also have a London punter who’s placed L2000 ($NZ5,300) on Key at $1.30,” Centrebet political analyst Neil Evans said.

However, he said Clark has not been friendless in the betting, with a Christchuch punter recently backing her at $3.15, while an earlier Wellington punter staked $1000 on her at $2.65.

Would it be unkind to point out this could prove that only losers are backing Labour?

National opened three months ago at $1.47 and Labour at $2.62.

Over at The Inquiring Mind  Adam Smith has copied a letter to the editor of the NZ Herald from Labour president Mike Williams in which he argues that polls are losing their predictive value.

I wonder what he thinks about betting agences? They can be wrong, but their businesses thrive because they’re right more often.

One Response to $10,000 punt on National Win

  1. Inventory2 says:

    HP – I’ve been listening to Justin du Fresne on Newstalk ZB out of Welly this morning. I have never heard opinion so strongly against the government. What follows is a post I have just put up over at The Standard (yeah, I go there sometimes, I’fess up!!)

    “Listening to talkback this morning lads? No-ones talking about ACC. No-one’s talking about Slippery John. No-one’s talking about Crosby/Textor. No-one’s talking about push polling. No-one’s talking about Taumarunui (just so lprent can’t accuse me of off-topic trolling lol).

    Everyone’s talking about the truck protest. Everyone’s talking about Helen Clark’s smear tactics. Everyone’s saying that the Labour government is history. And everyone’s totally pissed off.

    But keep spreading the innuendo, the half-truths and the untruths (aka factual misunderstandings). But get this. No-one’s listening anymore. As Michael Laws said at the weekend (much as I dislike the man) “People switched off their lights, hung up the phone and refused to answer their texts. From that moment on, Labour were the walking dead.” “

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: