here are the prices as listed by cricketbet

England Draw Australia 5.75 3.35 1.81 102.5% Draw Not a Draw 3.35 1.39 Does anyone give England chance, having seen Michael Vaughan on news , he couldnt possibly play with that elbow injury... could possibly be a blessing as he is not in any form. The big question is whether after the hype, if england are just going to chuck it in after one bad effort or bounce back.....

Apparently, the pitch is likely to be a bowler's dream, so if England wins the toss, it will give them a chance. If there's no further rain (which in England you can't be sure of), I'd say there's almost no chance of a draw.

sportz, heard this morning the pitch is still very wet and the curator said if he had sunshine and drying wind for the next 2 days the pitch still wouldnt be up to where he wanted it, also forecast for some rain

Glenn McGrath is out of the game. Injured himself in the warmup when he stepped on a ball!!!

You watch Kaspa clean em up ...well im hopin he does

just watchin the coverage the pitch looks very slow maybe itll be a warne type pitch

Well, how silly that prediction has turned out to be. Perhaps all of that talk about the bowler friendly pitch in England was simply to get Ponting to send them in.

Not to bad a result all things considered.
If the poms can score 407 on this wicket what score is reasonable for the Aussie batsmen? 600 doesn't seem too unlikely assuming no collapse.
Sportz's suggestion of letting the Aussies get out to close to $2 seems to be spot on.

Yep. Backed England at $4 and then got Australia at $3 at lunch time. As I said, I haven't outlayed a huge amount though, because I don't trust the English weather. Those that couldn't bet last night could still get $2 now about Australia.

This is the method I use for almost every Australian test. I back the opposition prior to the test at big odds. Then I wait for Australia to get into trouble (which they almost always do) and back Australia at over $2. I usually rule out the draw altogether, because Australia just don't tend to play draws. However, if I'm worried about the weather, I bet lower amounts. That's what I've done here.

I backed aust to win the ashes 3-1 as i thought THIS test could be the one they have trouble winning , Ponting is not HALF the captain as Steve Waugh was,sitting there and nearly fell off my chair when he said we'll have a bowl ,only result is ENGALND win or a DRAW.