Corbyn Gamble Is Greatest Political Odds Swing
FIVE WILLIAM HILL CUSTOMERS backed Jeremy Corbyn at huge odds of 200/1 to win the Labour leadership race when he announced his intention to stand.
Since then Mr Corbyn's odds have shrunk to just 7/2 (stake £2 for profit of £7) - 'already the biggest ever odds-swing in political betting history - with his odds seemingly set to become even shorter as the leadership momentum continues to move in his direction' according to William Hill spokesman Graham Sharpe, who added, 'This is the most spectacular and unanticipated political gamble since John Major succeeded Margaret Thatcher as a long-odds outsider.'
Mr Major opened up as a 33/1 chance to capture the Tory leadership in 1990, eventually ending up as odds-on favourite and duly winning.
The far-sighted five who backed Mr Corbyn when Hills originally chalked him up as a 200/1 outsider were a Blackburn client who bet £10; others from Doncaster and North London who each risked £5; a Sheffield customer with a £2.50 wager, and one from Berkshire who splashed out £2.45.
WILLIAM HILL: LATEST LABOUR LEADER ODDS.....5/6 A Burnham; 11/4 Y Cooper; 7/2 J Corbyn; 10/1 L Kendall.