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On both Betfair and Intrade the implied probability of Romney winning had fallen to about forty per cent.
At Intrade, the online prediction site, the implied probability of an Obama victory is about fifty-six per cent.
At Intrade, the online prediction site, the implied probability is just a bit higher: twenty-seven per cent.
At 12 30 P.M. E.T. today, on Intrade the implied probability of him winning was sixty-eight per cent.
There are now 26 Labor-held seats in which the implied probability of a Labor win is less than 50%; see the graph above.
(At Intrade, the political prediction site, the implied probability of an Obama victory is now quite a bit lower. On Wednesday afternoon, it was 57.9percentnt).
Similar(41)
The implied probabilities of a Coalition win are 92.1% at Centrebet and 92.5% at Sportsbet.
Implied probability of the yuan being weaker than seven per dollar by the end of Q1 2017 is now greater than 50%.
Peter Beattie's chances in Forde (QLD) have been all but written off by the betting markets, with an implied probability of Beattie winning there of just 18%.
By 10am Tuesday morning, Labor had eased further, $3.55 to the Coalition's $1.28, or an implied probability of Labor winning of 26.5%.
This time last month, Labor was trading at 8.00 and the Coalition at 1.07, for an implied probability of a Labor win of about 11%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com