Labour and National joint favourites for election

CENTREBET MEDIA RELEASE (JULY 25, 2005)

Labour and National joint favourites for NZ election

Centrebet has installed Labour and National as New Zealand general election joint favourites.

Labour and National are 5-6 apiece to provide the prime minister after the September 17 vote, with Centrebet offering 150-1 that New Zealand First leader Winston Peters takes the top job.

"It looks like one of the closest elections ever so we're going to let the punters determine which party is the favourite," says Centrebet's Gerard Daffy. "They're right 99.9 percent of the time."

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 exclusive odds on last year's Australian federal election.

Log on to http://www.centrebet.com to view its latest odds.

About Centrebet

One of the world's oldest online sports bookmakers, Centrebet's explosive growth continues 13 years on from its launch. Punters from all four corners of the globe are flocking to Centrebet because of its great odds, exhaustive range of options and guaranteed payment of winnings.

Centrebet operates in one of the world's strictest gaming jurisdictions. Australia's Northern Territory Government licenses and regulates Centrebet. Its Racing and Gaming Commission digitally monitors all transactions for the protection of Centrebet and its worldwide clients.

ENDS

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