Jeremy Corbyn has a 1% chance of becoming next Labour leader and is most likely to run as independent, according to latest odds

Jeremy Corbyn is 100/1, or has a 1% chance, to become the next Labour leader with Andy Burnham favourite to succeed Sir Keir Starmer at 4/1, according to the latest odds by Fair Betting Sites.

Sir Keir confirmed the 74-year-old, who lost the 2019 General Election as Labour Leader, would not stand at the next election last week.

In a market of what Corbyn will do next, to run as an independent is the most likely option at 3/1 with the likelihood of him retiring from parliament at 4/1.

Other outside markets on what Corbyn will do next include him appearing in I’m A Celebrity (14/1), having his own TV show (25/1) and being interviewed by Piers Morgan (33/1).

What next for Jeremy Corbyn?

Announce a decision to stand as an independent: 3/1

Retire from Parliament: 4/1

To release a book of memoirs: 5/1

Run for London mayor: 7/1

To host Have I Got News for You: 10/1

To found his own party: 12/1

Appear on I’m a Celebrity: 14/1

Appear on Steve Bartlett’s Diary of a CEO podcast: 18/1

Have his own TV show: 25/1

Appear in an interview with Piers Morgan: 33/1

Become next Labour leader: 100/1

Next Labour Leader

Andy Burnham: 4/1

Wes Streeting: 5/1

Rachel Reeves: 6/1

Angela Rayner: 7/1

Lisa Nandy: 9/1

Yvette Cooper: 10/1

Bridget Phillipson: 16/1

David Miliband: 25/1

Jess Phillips: 33/1

Sadiq Khan: 33/1

Dan Jarvis: 40/1

David Lammy: 50/1

Nick Thomas-Symonds: 50/1

Ed Miliband: 50/1

Dawn Butler: 66/1

Zarah Sultana: 66/1

Jeremy Corbyn: 100/1

A spokesperson for FairBettingSites said, “Following Sir Keir Starmer’s confirmation last week that Jeremy Corbyn wouldn’t be standing at the next election, the left wing politician’s odds have drifted to 100/1 to return as the next Labour leader, now giving him just a 1% chance.

“In terms of what is in store next for Corbyn, the politician is 3/1 to announce a decision to stand as an independent with the MP for North Islington 4/1 to retire from Parliament.

“Other possibilities include him appearing on reality TV showI’m A Celebrity (14/1), having his own TV show (25/1) and being interviewed by Piers Morgan (33/1).

“Andy Burnham is the 4/1 favourite to be the next Labour Leader with Wes Streeting (5/1) and Rachel Reeves (6/1) closely behind.”