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Betfair markets have Labor at $1.20 which is roughly the same as...

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    Betfair markets have Labor at $1.20 which is roughly the same as Sportsbets odds.
    Betfair is a better guide as there is no profit 'cut' (ie Sports bet probably think Labor are a $1.20 chance so put odds at $1.14 so they can make money).

    $1.20 odds mean Labor would win the election 5 times if an election was held 6 times in total.
 
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