William Hill have just re-opened their online market for betting on the Labour deputy leadership election.
With odds rapidly shifting, the betting market is turning in to more of a rollercoaster ride than the race itself, which suggests that this is one game where an informed punter will know more than the bookies.
The new odds are:
There are also various other bizarre names in there, such as Miliband at 10/1, but he’s said he won’t run and we believe him.
The bookies seem to have swallowed Hain’s spin and he looks over-rated, while Johnson has slipped slightly. For one of only four people who have actually declared an interest, Harman is on pretty long odds and must be worried about a Jowell bid, which could end with neither getting the 44 names. However, it’s probably an unlikely scenario, whatever Will Hill think.