1.04 currently. That has to be the biggest lay value I've seen this year by far.
A majority of recent leadership contests for PM/party leader have been won by outsiders no one expected. Also generally speaking the assassin doesn't become king.
Burnham is popular, I'll likely vote for him with some reservations, but 95%+? That's ridiculous given the volatility in British politics.
Worth adding there's a significant arb at polymarket. Pretty close to free money, though technically there's a tiny chance this drags on till december in which case polymarket settles differently from betfair, but it is pretty close to it.
I seem to recall David Davis was 1.0x to become Tory leader without so much as a contest nearly 20 years ago, until the media, as one, decided they wanted a contest and furthermore that David Cameron was the greatest thing since "Strangeways Here We Come".
Davis was beaten out of sight.
Pretty sure that Ken Clarke was also perilously short odds to win the Tory leadership contests eventually won by William Hague , AND later by Iain D S.
I seem to recall David Davis was 1.0x to become Tory leader without so much as a contest nearly 20 years ago, until the media, as one, decided they wanted a contest and furthermore that David Cameron was the greatest thing since "Strangeways Here We