Ed Miliband now bookie's favourite to win Labour leadership race

For the first time since the contest began, Ed Miliband is favourite with bookmaker Coral to become the new leader of the Labour party. The younger Miliband is now the odds-on 8-11 favourite to replace Gordon Brown, with brother David out to evens.

"With voting now closed, this is a significant change in the odds, and it's bad news for David Miliband supporters, with their man displaced as favourite at the crucial time," said Coral's David Stevens.

"If the money talks, then Ed Miliband will be the new leader of the Labour party," added Stevens.

Next Labour Leader:

8-11 (from evens) Ed Miliband

Evens (from 4-9) David Miliband,