The MasterChef Australia finale is upon us, and either Josh ‘Pezza’ Perry or Nat Thaipun will be crowned our 2024 winner.

While viewers will have to tune in to the MasterChef grand final to see who actually takes out the prize, betting odds suggest who the winner could be.

There’s one front clear runner and her name may not come as too much of a surprise to viewers.

Nat – who won the Immunity Pin in the first challenge of the season – and the first Immunity Challenge in Hong Kong – is tipped to take out the entire competition.

What are the current betting odds for the winner of MasterChef Australia 2024?

At the time of writing, Nat has odds of $1.22, which is a much lower return than Josh ‘Pezza’ Perry’s $4.50. This means that punters have bet more money on her to win, in comparison to Pezza.

How do betting odds work?

Betting odds are tied to dollar amounts, and those with lower odds are recognised as more likely to win, hence the lower return. For example, if someone bets $1 on Nat winning MasterChef and she does, they’d receive the amount that outcome is listed at, which is $1.22.

The return is based on how much someone bets, so if they bet $10.00 on the same thing, they’d receive $12.20. If they bet $100, they’d receive $122 and so on.

Do betting odds correctly guess the winner?

While betting odds aren’t technically proof of someone winning or losing, they have given a good indication of who will win in the past.

For example, I’m A Celebrity Australia 2024 odds tipped Skye Wheatley to be crowned Queen of the Jungle, which she was. Similarly, Steph and Gian had the best odds to win The Block 2023 and they took out the competition.

Watch MasterChef Australia from Sunday – Thursday on Channel 10 and 10 Play.

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