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Corbyn U.K. Labour Leadership Odds Cut After YouGov Poll

Jeremy Corbyn poses for a portrait in London, England. — Jeremy Corbyn poses for a portrait in London, England.
Photographer: Dan Kitwood/Getty Images

Hannah Murphy

August 11, 2015, 8:50 AM UTCUpdated onAugust 11, 2015, 10:23 AM UTC

Bookmakers cut their odds that Jeremy Corbyn will win the U.K. opposition Labour Party’s leadership election after a YouGov Plc poll showed another surge in support for the anti-austerity candidate.

Ladbrokes Plc reduced Corbyn’s odds of succeeding Ed Miliband as Labour leader to 1/2 on Tuesday, meaning a successful 2 pound ($3) bet would make a profit of 1 pound, ahead of Andy Burnham on 3/1 and Yvette Cooper on 9/2. William Hill Plc made Corbyn the 1/3 favorite to head the party.