Cameron controversy fuels departure betting spree

When news of an initiation involving David Cameron and a pig during his time as a student at Oxford University broke on Sunday night, social media and the internet went into meltdown.

It may have had a good stab at breaking the internet, but PigGate might just be a bit more than baloney for the people at 10 Downing Street.

Ladbrokes have halved the PM’s odds of leaving his post this year from 50/1 to 25/1 following a series of stakes in PigGate’s wake.

Cameron’s refusal to comment at all on the allegations has arguably done much so far to quell any further damage to his political standing.

The Prime Minister may be all too aware of the old Lyndon B Johnson tale. The former US President suggested breaking a story about a running opponent’s unusual personal choices. Promptly informed by a campaign manager that nobody would believe such a thing, Johnson replied:

“I know.  But let’s make the sonofabitch deny it.”

As, when or if Downing Street comment on one of the biggest and most unusual stories of 2015, Cameron’s odds of departing from the leadership are likely to continue to swing.

While his odds of leaving Number 10 before Big Ben chimes on New Year’s Eve have halved, a few shrewd folk may be keen to note that a 2016 departure has understandably lengthened with Ladbrokes now 6/1 from 4/1 on Sunday night.  A 2017 exit has also moved from 4/1 to 5/1.

Fresh from his composed and dignified debut at the Prime Minister’s Questions, Labour leader Jeremy Corbyn may well have been spotted with a wry smirk over the last couple of days.

Corbyn’s odds of becoming PM have held at 4/1 however, perhaps suggesting to some that PigGate may blow over quicker than the three little pigs and their house of straw.

All Odds and Markets are correct as of the date of publishing.

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