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27 December 2009

Is Milibands Gamble All Balls?

Long time favourite to succeed Gordon Brown as Labour leader, Alan Johnson's odds have drifted out from 5/4 to 3/1 at William Hill as political punters have been backing the two Miliband brothers to take the party's top job, with David and Ed both now quoted as 4/1 joint second favourites.

And with reports suggesting that 20/1 chance Ed Balls is also preparing to contest the position as and when it becomes available, the bookies are predicting that hefty amounts of cash will be gambled on who takes over from Gordon Brown.

"We are expecting a substantial six figure gamble on the next Labour leader and the current cash is all for the Milibands, although punters can't seem to make up their minds which of the two is more likely to come out on top. Long time favourite Alan Johnson's support is drying up. However, once the job becomes available we are convinced that other high profile candidates will suddenly throw their hats into the ring." said William Hill's spokesman Graham Sharpe.

William Hill currently make Labour 11/1 outsiders to win the election with an overall majority, while the Tories are 2/5 (1.4) to do so, with a Hung Parliament quoted at odds of 9/1.

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