Labour just 11/10 to suffer by-election double trouble
Political punters are banking on Labour suffering a double by-electon blow this month, according to the latest odds.
UKIP are now odds-on favourites in Stoke at 10/11, after the news that party leader Paul Nuttall will run for the Staffordshire seat.
Both by-elections are set to take place on February 23.
The Article 50 vote has also triggered a long-odds gamble in the next Labour leader market.
Salford and Eccles MP Rebecca Long-Bailey’s odds have been cut into 33/1 from 66s, after being tipped for the role.
Alex Donohue of Ladbrokes said: “Political punters think it could be double defeat for Labour in the upcoming round of by-elections.
“Should they lose both, Corbyn’s resignation odds should shorten in theory, and party watchers have identified Long-Bailey as a surprise candidate to replace him.”
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Ladbrokes latest betting
Stoke-on-Trent Central by-election
UKIP – 10/11
Labour – Evens
Lib Dems – 33/1
Conservatives – 4/7
Labour – 7/4
UKIP – 10/1
Labour win both – 3/1
Labour lose both – 11/10
UKIP win both – 16/1
All Odds and Markets are correct as of the date of publishing