Liz Kendall is the latest candidate to enter contention in the Labour leadership race according to Ladbrokes.
Ladbrokes have reacted to the withdrawal of the previously-fancied Dan Jarvis by shunting him to 20/1 (from 9/2) while Liz Kendall sees her odds slashed to 7/1 from 14/1, with Tristram Hunt also halving to 8/1.
Betting now also begins on the next deputy leader of the party and Tom Watson is installed as the 5/4 favourite ahead of Caroline Flint (5/2) and Angela Eagle (5/1).
Ladbrokes spokesman Alex Donohue told BetOnPolitics.co.uk: "It looks like Kendall and Hunt are the main beneficiaries of Jarvis's withdrawal but we'd still need to see significant support for either for them to leapfrog the favourites.
"As for the deputy, the early front-runner is Watson and all signs point to him being tough to beat."
Latest Next Labour Leader odds:
Prices correct at time of writing and courtesy of Ladbrokes
Chuka Umunna 13/8
Andy Burnham 11/4
Yvette Cooper 5/1
Liz Kendall 7/1
Tristram Hunt 8/1
Dan Jarvis 20/1
Stella Creasey 25/1
Lisa Nandy 25/1
Harriet Harman 33/1
Rachel Reeves 25/1
Owen Smith 33/1
Next Labour deputy leader
Tom Watson 5/4
Caroline Flint 5/2
Angela Eagle 5/1
Simon Danczuk 10/1
Stella Creasy 10/1
Gloria De Piero 10/1