The sagely Mike Smithson runs the excellent politicalbetting.com site, which was the lead story on Newsnight last night. He has consistently backed Huhne, Guido has backed Huhne to lead the LibDems as well, but has in the end put his money on Ming.

Huhne was by far the best campaigner, it was aggressive and determined, Ming’s campaign was an establishment campaign, Hughes’ was a hopeless campaign.

Of more concern than who will lead the LibDems is, who will be humiliated, Mike or Guido? Mike has cashed in his bets, Guido is balls deep in Ming…