SBC News Voice of the Sports Betting Industry
Following Labour’s success at the Oldham W/Royton by-election, bookmaker William Hill have increased their odds for party leader Jeremy Corbyn to stand down this year from 5/1 to 8/1.
Labour’s victory though was UKIP’s failure in an area in which it expected to garner some support.
This has led to William Hill shortening the odds from 3/1 to 9/4 for Nigel Farage, UKIP leader, not to lead his party into the next UK General Election.
Graham Sharpe, William Hill spokesperson, said of the odds: “The by election result has been presented as a boost for Corbyn, but a failure for Farage, and that is reflected in our odds about the pair’s chances of remaining as leaders of their respective parties.”
It is still expected that Corbyn’s reign will not last too much longer, and he is placed at 5/4 to lose his position at some point in 2016. Hilary Benn is now the strong favourite to succeed him (2/1), whilst the winner of the by-election for Labour Jim McMahon is at 20/1 to ever be party leader.
With the upcoming EU Referendum Nigel Farage is hoping to help achieve a vote to ‘Leave’ which is currently offered at 7/4. The date of the referendum is as yet unconfirmed, and William Hill have odds of 8/1 that it won’t be held before July 2017.
