Odds shorten on Labour forming new government

Betting odds on Labour retaining power have fallen after last night's TV debate.

Labour is paying $1.44, down from $1.53, with Australian agency Centrebet following Helen Clark's performance on TV3.

Don Brash's National is $2.62, up from $2.37, as Centrebet punters continue backing Clark's Labour.

Earlier this week, a Centrebet client bet $50,000 on Labour providing the next prime minister.

- NZPA