Bookies already paying out on “done deal” Corbyn win

Paddy Power set to pay out £100,000 on bets as Corbyn entered race at 100/1

Bookmakers Paddy Power is already paying out winnings to people who bet on Jeremy Corbyn to win the Labour leadership race, saying his victory is a “done deal”.

Corbyn scraped into the race at the last minute and his outsider status saw odds of 100/1 when he initially made it onto the ballot.

Paddy Power has described the turnaround of events as “the biggest upset in political betting history”.

Paddy Power said: “In our eyes it is a done deal. “Storming Corbyn has notched up the W. We are paying out six figures. “It is the biggest upset in political betting history.”

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