Bookies have slashed the odds on the Green Party winning the Gorton and Denton by-election after a flurry of big-money bets.
HuffPost UK has been told that £90,000 was wagered on the party’s candidate, Hannah Spencer, winning the crunch contest on February 26.
In response, Ladbrokes have installed the Greens as heavy odds-on favourites at 1/3, with Reform UK next on 3/1 and Labour the rank outsiders at 10/1.
In a post on X, the bookmakers said it had been “a volatile day in the betting markets for Gorton and Denton”.
A Green Party source told HuffPost UK: “Word on the ground is that Green support is growing and we’re seeing it in our canvassing. So no surprise that people are putting on bets too.
“But we take absolutely nothing for granted. We’re fully focussed on knocking on doors and raising awareness of our incredible candidate, Hannah Spencer.
“Labour’s vote is in freefall and this looks to have worsened further in recent days.”
The by-election was called after the resignation of sitting MP Andrew Gwynne, who retained the seat for Labour in 2024 with a majority of nearly 13,500.
If the party was to lose it, pressure would once again be piled on Keir Starmer, who survived an coup attempt earlier this week when Scottish Labour leader Anas Sarwar called on him to resign.
