David Miliband odds-on to be leader
David Miliband is now odds-on favourite to suceed Gordon Brown as Labour Leader with William Hill who make him 4/7 and also offer 8/1 Darling;10/1 Johnson; 11/1 Ed Miliband; 12/1 Ed Balls; 14/1 Andy Burnham; 14/1 Harriet Harman; 16/1 Mandelson; 16/1 Jon Cruddas; 25/1 James Purnell; 25/1 Jack Straw; 33/1 Liam Byrne; 40/1 John Denham; 50/1 Yvette Cooper; 100/1 Tony Blair.
'The political punters have been waiting for this race to come under orders for some time, and they have already begun placing substantial bets - we have taken a £2500 wager for David Miliband, which is unlikely to be the biggest we take.
Up to £1million is likely to be gambled on this event, provided it doesn't turn into a one horse race.' said Hill's spokesman Graham Sharpe.