Political Betting Latest Odds

We take a look at the latest political betting odds and opportunities.

As the field for the Deputy Leadership of the Labour Party increases, William Hill have made Hilary Benn and Alan Johnson 3/1 joint favourites, with Jon Cruddas as 9/2 third favourite.

They also offer 8/1 Peter Hain; Harriet Harman; 10/1 Hazel Blears; 12/1 David Miliband; 14/1 Jack Straw; 16/1 Tessa Jowell.

Gordon Brown is 1/12 favourite to become Leader with Hills who also offer 10/1 Miliband; 11/1 Reid.

"The Deputy Leadership field is becoming as congested as the Grand National - and as difficult to find a winner in" said William Hill's spokesman Graham Sharpe. "Hundreds of thousands of pounds are at stake on the outcome."

Tony Blair is expected to cease to be Prime Minister in May, with William Hill offering 7/4 that he stands down in that month and also offering 7/2 June; 9/2 July; 13/2 April; 8/1 August; 10/1 September; 12/1 October; 16/1 March; 16/1 October or later; 66/1 February.

The Conservatives are 4/7 favourites to win the next General Election with William Hill who offer Labour at 5/4 with the Lib Dems 80/1.

Hilary Clinton is 7/4 favourite to become the next elected US President with William Hill who also offer 7/2 Giuliani; 6/1 McCain; Obama; 7/1 Edwards; 14/1 Gore; 20/1 Romney.

"Punters have been backing Al Gore to join the race, thinking that success at the Oscars could spark a presidential bid" said William Hill's spokesman Graham Sharpe.