Bookmakers Asks: Will It Be Sir Tony?

Bookmakers provides odds ahead of the election.

Bookmakers William Hill has revealed odds following the announcement that Tony Blair will be campaigning for Labour in this year's General Election.

Odds of 10/1 for the former prime minister to receive a knighthood this year are available and it is 25/1 that he will be in Gordon Brown's first cabinet of the next government, if Labour win.

"Gordon Brown seems to be taking a chance by bringing Tony Blair into the Election campaign, but maybe he wants him to remain involved should they retain power," said William Hill's spokesman Graham Sharpe.

He added the Conservatives have remained odds-on favourites as the polls continue to place them ahead of Labour, but plenty of people are gambling on a Labour victory.

The Conservatives are available at 8/11 to score an outright election win, a hung parliament is 11/8, an outright success for Labour is 13/2, while the Liberal Democrats are 300/1.

Blair became prime minister in 1997.