Is this worth betting on?

William Hill are offering odds of 5/1 that Peter Hain will be back in the Cabinet by the end of 2008, and 3/1 that he will return there by the end of 2009. ‘Mr Hain was a 7/1 shot to be out of the Cabinet by the end of this January and 2/1 to be the first Cabinet Minister to lose his position – so many political punters are celebrating his departure’ said Hill’s spokesman Graham Sharpe.‘However, given past situations with, for example, Peter Mandelson, it is far from impossible that Mr Hain could be back in the Cabinet in a comparatively short space of time.’

This is one of those bets that are not on the Hills website and you have to phone. Even then you might need to mention the press release which I have quoted from above.

The 3/1 2009 price looks quite good value.

Mike Smithson