Never leave out the bookies odds when asking whether Labour will 'Old On' to its seat in the by-election
75 per cent of the bets so far placed with William Hill have been for a surprise UKIP victory in the Oldham West & Royton by-election – but 59% of the stake money wagered has been for a win for favourites, Labour.
When betting began on the outcome, Labour were installed as 1/12 favourites, with UKIP at 6/1. By this weekend, Labour had lengthened to 4/11, with UKIP shortening to 2/1, but in the last forty eight hours Labour have again shortened and are currently 2/9 (stake £9 for £2 profit) favourites, with UKIP quoted at 3/1; Conservatives 100/1 and both Greens and Lib Dems 200/1.
'It is the case that we have taken significantly more individual bets for a UKIP win than for any other Party, but also that the majority of the actual stake money gambled has been for a Labour win' said Hill's spokesman Graham Sharpe.
There has, though, also been a gamble that Labour will fail to poll 50% or more of the vote. They are 2/9 with William Hill to receive UNDER 50%, and 3/1 50% or more.
OLDHAM WEST & ROYTON BY ELECTION:
200/1 Lib Dems
BETS PLACED ON BY ELECTION:
STAKE MONEY PLACED ON BY ELECTION:
LAB TO POLL UNDER 50% OF VOTES…2/9…..50% OR MORE- 3/1
WHEN WILL CORBYN CEASE TO BE LAB LEADER?
2020 – 7/1;