WILLIAM HILL have cut their odds of 7/4 that Jeremy Corbyn WILL lead Labour into the next General Election to 6/4 after support for him to do so, including one bet of £227 from a Cambridgeshire client. They offer 1/2 that he will NOT.
William Hill have lengthened their odds for Labour to win an overall majority at the next Election from 7/2 to 9/2 (stake £2 for £9 profit) .The Conservatives have been cut from 6/5 to Even money (stake £1 for profit of £1) to win again by an overall majority, with a Hung Parliament offered at 11/8.
Hills make the Tories 4/11 to be the largest Party at the next Election, with Labour 9/4.
JEREMY Corbyn's victory has landed the biggest political gamble ever, say bookmakers William Hill, costing the industry a million-pound plus payout after his odds went from 200/1 no-hoper to 1/20 red hot favourite.
'I am unaware of any betting market, let alone a political one, in which a contender has gone from 200/1 odds, at which price Ethan Parker staked £10 (stake £1 to win £200) to 1/20 odds (stake £20 to win £1). It is unprecedented.' said Hill's spokesman Graham Sharpe. 'The gamble has cost William Hill alone a six figure sum, and with up to a million pounds gambled industry-wide it will be the biggest political betting payout ever'
**CORBYN FAN IS 200/1 WINNER
24 YEAR OLD LANCASHIRE MAN, ETHAN PARKER was the first political punter to bet on Jeremy Corbyn to become the next Labour leader with William Hill - snapping up their initial odds of 200/1 to a £10 stake. The Blackburn man is now £2000 better off as a result, and explained why he placed the bet: 'At 200/1 I couldn't resist. I felt it was going to get ridiculous, Labour were going to bury themselves and there was a potential cash reward just for watching it unfold! If you're certain something will happen, what do the odds matter?".
CONTACT DETAILS FOR ETHAN PARKER AVAILABLE ON REQUEST........
William Hill believe Jeremy Corbyn will cease to be Labour leader in 2016 and offer 7/4 about that happening. They also make him 7/2 to stand down during 2015; 8/1 2017; 12/1 2018; 6/1 2019; 4/1 2020; 11/2 2021 or later.
JEREMY CORBYN IS 7/1 THIRD FAVOURITE WITH WILLIAM HILL TO BECOME THE NEXT ELECTED PRIME MINISTER; WITH GEORGE OSBORNE 2/1 FAVOURITE AND BORIS JOHNSON 7/2 SECOND FAVOURITE.
DAN THE MAN FOR NEXT LABOUR LEADER?
WILLIAM HILL make Dan Jarvis 7/2 favourite to become the NEXT elected Labour leader. Hills also offer: 7/1 Chuka Umunna and Tom Watson; 8/1 David Miliband; 12/1 Keir Starmer; 14/1 Yvette Cooper;16/1 Andy Burnham; Others on request.