Punters ruling out World Cup success for the Wallabies
The betting public aren’t giving the Wallabies much chance of success in Japan.
The Rugby World Cup is just days away, and the betting for the tournament is really starting to hot up. However, the level of expectation on Australia is pretty clear from the early betting patterns.
The bookmakers have the Wallabies as sixth favourites ($17) to capture glory in Japan, and that’s the exact same amount of confidence the betting public has in Australia. Michael Cheika’s men have been the sixth most backed team in the winner market, accounting for just 7% of bets.
New Zealand top the market and are remarkably short at 6/4, which implies a 40% chance that the Kiwi’s will win another World Cup. South Africa and England are toughing it out for second favouritism, South Africa are currently priced at $5.5, and our old friends England $5.75.
Despite New Zealand dominating the odds, it’s actually South Africa who have been the most punted in the market. The Springboks have accounted for 17% of bets in the outright market.
It’s bad news for the Samoans, punters haven’t been the slightest bit tempted by their $1001 price-tag, just 0.2% of bets in the market have been on the outsiders. A rather surprising 1% of bettors think we maybe in for one of the biggest shocks in betting, as they’ve decided to wager their money on Uruguay at $5001.
Elsewhere, South African Cheslin Kolbe has dominated the betting in the top tryscorer market, accounting for 24% of bets at $11.