Jeremy Corbyn enters the final few days of the Labour leadership race as the 1/66 favourite to win the party’s leadership contest.
That’s according to the latest odds at least with our political traders reporting one-way traffic in Corbyn’s battle to stay in post.
Since betting first opened on the market, 93 per cent of all wagers have been for the incumbent leader.
Unsurprisingly, that’s left rival Owen Smith completely friendless with punters in any hope of causing an upset at odds of 16/1.
And with the Pontypridd MP trailing so badly, much of the attention in the Labour leadership vote has turned to Corbyn’s probable vote share.
Jessica Bridge of Ladbrokes said: “Even at the incredibly short odds on offer punters are still backing Corbyn regardless. We cannot give Smith away and it looks like his days in the headlines are numbered.”
Ladbrokes latest betting:
Labour Leadership Election
Jeremy Corbyn 1/66
Owen Smith 16/1
Corbyn Vote Share
Under 40% 50/1
Over 70% 5/1
All Odds and Markets are correct as of the date of publishing.