Team New Zealand remain the bookies’ favourite in the America’s Cup, but the margin is narrowing fast.
Earlier this month the TAB thought the New Zealand team was the certain victor in the regatta, and closed off betting on the race.
But American team Oracle keep racking up wins, denying New Zealand the one win it needs to take the cup.
Before racing yesterday, Oracle was paying $7 to win the cup. After the Americans won twice yesterday the odds dropped to $2.85.
Another win today saw Oracle drop to $2.25 this afternoon, while a New Zealand win went up from $1.37 to $1.57.
However, because New Zealand needed just one win against Oracle’s three, it remained the favourite.
‘‘If Oracle wins tomorrow it won’t be far off being [50-50],’’ TAB yachting bookmaker Kieran McAnulty said.
And, on the back of a strong winning streak, Oracle are clear favourites to win tomorrow, paying $1.50 against $2.40 for a New Zealand win.
That was the highest New Zealand had paid so far in the regatta.
Oracle entered the final series with a two-race penalty for cheating.
If it did not have the penalty, the regatta would now be tied. The score is now 8-6 to Team New Zealand. The first to nine wins.
There is now talk that Oracle may challenge the penalty in courts after the regatta – a move that could potentially mean it wins the cup.
But Mr McAnulty said court challenges would play no part in payouts from TAB.
‘‘We pay out on what is known as official results on the day.’’
- (Live Matches)
Is a living wage the right move for Wellington City Council?Related story: Living wage voted in despite criticism