Nervousness in David Miliband's Camp

After reading endless tips from Mike Smithson on PoliticalBetting.com to back Ed Miliband, Guido switched his bets on Friday. David Miliband’s implied probability of victory had already dropped from 75% to 65% by the time Guido shifted his money from one brother to the other. He is at the time of writing given a 59% chance of winning the leadership (40% for Ed Miliband). Given it is too close to call that could narrow to 50% / 50% soon. Both camps are of course claiming their internal polling numbers point to victory.

In the humiliation stakes punters reckon that despite Guido’s never-ending support, Ed Balls is still the favourite to to be eliminated in the first round. His odds on avoiding humiliation have improved, dropping from a 62% certainty down to a still not good 41%, with Diane Abbott on 35% and Burnham given 30% a chance of going out first. If you are reading this Sally Bercow, and still think Balls is going to win the leadership, a £5 bet will win you £1000.




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Quote of the Day

Theresa May tells Bercow:

“Mr Speaker-elect, can I congratulate you on your re-election. At least someone got a landslide.”

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