Labor is on track to lose the Northern seat of Bass but hold its other three Tasmanian seats, according to a betting market.
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Online betting agency sportsbet.com.au on Tuesday morning had Liberal Bridget Archer at $1.82 in Bass and sitting Labor MHR Ross Hart at $1.90 to retain the seat.
The Greens and Clive Palmer's United Australia Party were tied far behind in third on $61.
Labor MHR Justine Keay ($1.45) was a clear favourite to hold the North-West and West Coast seat of Braddon.
Liberal challenger Gavin Pearce was at $2.65, followed by the UAP ($41), One Nation ($61) and the Greens ($71).
Labor's Brian Mitchell ($1.20) was a firm favourite to hold the big rural seat of Lyons from Liberal hopeful Jessica Whelan ($4), with the Greens at $32 and the UAP at $41.
Labor MHR Julie Collins was a virtually unbackable favourite at $1.01 to hold Franklin from Liberal Dean Young ($11).
Independent Andrew Wilkie ($1.03) was similarly rated to hold Hobart electorate Clark, ahead of Labor ($9), the Liberals ($21) and the Greens ($31).
Labor was at $1.22 to form the next government after the May 18 election, well ahead of the Coalition at $4.25.
The favourite to be the next opposition leader was current Liberal Prime Minister Scott Morrison ($1.50), followed by current Liberal Treasurer Josh Frydenberg ($3).
Former Liberal prime minister Tony Abbott ($1.60) was favourite to hang on in New South Wales seat Warringah from independent Zali Steggall ($2.30).
The Liberals' Dave Sharma ($1.50) was favoured to take Wentworth - Malcolm Turnbull's former seat - from independent Kerryn Phelps ($2.40).