‘Jeremy Corbyn will be elected Labour leader’, British bookmakers say


This video from the British parliament in London, England says about itself:

Instead of bombing Libya, we need to end British support for despots, says Jeremy Corbyn MP

Speech given by Jeremy Corbyn MP in the House of Commons on 18 March 2011 when MPs debated western intervention in Libya.

By Luke James in Britain:

And Red Jez Takes the Lead

Thursday 30th July 2015

Corbyn is now bookies’ favourite as odds are slashed yet again on Islington MP and Unison joins leftwinger’s camp

JEREMY CORBYN made “political history” yesterday after being installed as Labour leadership frontrunner by Britain’s biggest bookies.

Completing a stunning turnaround from 100/1 outsider in May, Mr Corbyn was made favourite by Ladbrokes, William Hill and Paddy Power. And his promotion to pole position came as Unison, which represents 1.3 million public-sector workers, became the latest union to nominate Mr Corbyn. Bookmakers slashed his odds again after the results of a private Labour poll revealed the left candidate is 20 points ahead of his rivals.

It was the third poll in two weeks that shows the principled Islington North MP is on course to shock the political Establishment.

The results sparked another flurry of bets from political punters hoping to back a winner, bookies reported. William Hill spokesman Rupert Adams told the Star: “We have responded by slashing the price from 200/1 into 13/8 — which must be one of, if not the, biggest price cut in political betting history.” Mr Corbyn is set to scoop 42 per cent support in the first round of voting, according to the latest poll seen by the Mirror.

Yvette Cooper is on 22 per cent, Andy Burnham on 20 per cent and Liz Kendall on 18 per cent. The results echo findings from a separate private poll shown to the New Statesman and a YouGov survey of Labour members for the Times, which put him 17 points ahead in the first round.

Paddy Power made Mr Corbyn a 6/4 shot and revealed half of all stakes taken on the Labour leadership race in the past two weeks have been for Mr Corbyn. A spokesman said: “Some people may still be refusing to take Stormin’ Corbyn seriously, but the punters and the pollsters certainly are.”

Mr Burnham was clinging on to top spot with Coral yesterday, but the firm then shorted its odds on a Corbyn victory in response to the poll to 11/8. Coral said it was “on the brink” of making Mr Corbyn the favourite.

Coral’s John Hill said: “Andy Burnham has topped the betting for a good couple of months now, but the money behind him in the betting has dried up.”

Further momentum was given to Mr Corbyn’s campaign by a dozen new nominations from local Labour parties (CLPs).

Holborn and St Pancras, represented by Burnham-backing Keir Starmer, was among constituencies where a majority of members backed Mr Corbyn.

He now has 126 CLP nominations, compared to 104 for Mr Burnham, 89 for Ms Cooper and just 14 for Ms Kendall.

Paddy Power said Leicester West Ms Kendall was a “relative no-hoper” at 40/1.

JEREMY CORBYN will cost Britain’s bookmakers at least half a million pounds if he is elected Labour leader, the Morning Star can reveal. Industry insiders said Mr Corbyn made “political betting history” this week when the one-time 200/1 shot was made favourite: here.

However, if Labour Party members and supporters would indeed elect Mr Corbyn as leader, there are plans in the Tony Blairite right wing of the party to then immediately delete that voters’ democratic verdict by having the Labour members of parliament depose Corbyn. So, Corbyn supporters should not just vote. They should also be prepared to defend their vote against a coup.

LABOUR MPs have a “duty” to rally behind Jeremy Corbyn if he’s elected leader, the frontrunner for the deputy post Tom Watson said yesterday. Asked about the prospects for party discipline if the left candidate was elected, Mr Watson predicted he may face right-wing rebels: here.