A $2 payout for the ALP to win would imply a 50% chance of occuring. In other words staking $1 a million times over would result in you having that same dollar, nothing more nothing less. As the price moves below that price it implies the bookies are pricing in a outcome that will occur more frequently, conversely they are increasing the price of the LNP to reflect the lower odds of that party winning vs the ALP. There is also a 'spread' or 'edge' built into these prices as well so they don't reflect the true odds of the outcome, rather the true odds less the edge.
TPM Price at posting:
$5.12 Sentiment: None Disclosure: Held
