Corbyn Conquering Labour - And Bookies!
BOOKMAKERS William Hill have slashed their odds about Jeremy Corbyn becoming the next elected Labour leader from 5/4 to 1/2 favourite and say they believe he is on the verge of landing perhaps the biggest ever political gamble after his odds were initially quoted at 200/1.
'It looks as though we - and most pollsters and political punters - initially completely under-estimated Jeremy Corbyn's chances of being elected Leader - and as a result, after laying five bets at the 200/1 and numerous others as those odds shortened drastically, we are facing up to a potential five figure loss if he is now voted in as Leader' said Hill's spokesman Graham Sharpe.'We can recall no other example of a 200/1 chance becoming an odds-on favourite in a political betting market in our 50+ year history of political betting.'
Hills have also slashed the odds about Corbyn becoming the next PM, from 500/1 when he first announced his intention to run for leader down to just 10/1 joint third favourite now.
WILLIAM HILL ODDS:
NEXT ELECTED LABOUR LEADER.....1/2 Corbyn; 11/4 Burnham; 9/2 Cooper; 100/1 Kendall
NEXT PRIME MINISTER......11/4 Boris Johnson; 11/4 George Osborne; 10/1 Andy Burnham; 10/1 Jeremy Corbyn; 10/1 Theresa May.