Corbyn 5/6 To Win In First Round
WILLIAM HILL are offering odds of 5/6 that Jeremy Corbyn will become the new Labour leader after the first round of voting by collecting sufficient First Preferences.
The man who started as a 200/1 no-hoper in the betting is now 2/7 (stake £7 for profit of £2) favourite with William Hill, who make Andy Burnham 4/1 second favourite, with Yvette Cooper at 13/2 and Liz Kendall 100/1.
'We have shortened Corbyn's odds again, from 1/3, yet we're still seeing three figure bets being placed on him and may have to shorten the odds yet again' said Hill's spokesman Graham Sharpe. Hills offer odds of 2/7 that even if he becomes Leader he will no longer be in office when the next General Election takes place - and 5/2 that he will survive long enough to lead the Party into the General Election.
LABOUR LEADER...2/7 Corbyn; 4/1 Burnham; 13/2 Cooper; 100/1 Kendall. CORBYN TO WIN ON FIRST PREFERENCES....5/6 Yes; 5/6 No CORBYN TO LEAD LABOUR INTO GENERAL ELECTION...2/7 No; 5/2 Yes (Bets void if he doesn't become leader)