The Labor party were $3.00 to gain power in the next election in NSW in 2019, but is now $2.15 after a major shake-up in the betting market.

The move to shorten Labor's price follows large swings against the Nationals in the by-elections.

The Coalition as a result have drifted from $1.35 out to $1.60 to win with bookmaker Sportsbet.

"We may be some distance out from the NSW election but if this trend continues, Labor could well be favourites come polling day," said sportsbet.com.au’s Will Byrne.

 

$1.60   Coalition         (out from $1.35)

$2.15   Labor               (in from $3.00)

$81      One Nation