After fielding a number of enquiries for odds that former shadow Home Secretary David Davis will launch his own political Party in time for the next General Election, William Hill are offering odds of 7/1 that he will do just that.

'Several political punters have asked us for odds about this happening and you can make a convincing scenario for it, so we are offering 7/1 that at the next General Election David Davis will stand for election for a new Party which will field two or more candidates.' said Hill's spokesman Graham Sharpe.

Hills offer 12/1 that David Davis will regain his position as Shadow Home Secretary before the next General Election; 14/1 that he will be the next leader of the Conservative Party.

For the first time in political betting history, William Hill have been offering each-way odds on a by-election - doing so for David Davis' Haltemprice constituency.

'We are not offering odds about DD winning as he is a certainty, but we are betting on who will finish second to him and we have opened an each-way book on the market.' said Hill's spokesman Graham Sharpe.

Jill Saward, standing as an Independent candidate, has been backed to receive more votes than any candidate at the Haltemprice by-election, other than David Davis, with William Hill cutting her from 33/1 to 5/1 joint second favourite in the market in which Hills make Green candidate S Oakes 2/5 favourite, with National Front candidate Culnane 5/1. Miss Great Britain is 25/1; The Monster Raving Loony Party is 50/1 with former pop star Ronnie Carroll at 66/1 and former footballed, David Icke also at 66/1.

Separately, Hills have halved the odds about the Conservatives winning a landslide victory at the next General Election - cutting the odds about them winning 375 or more seats from 5/1 to 5/2 - while Gordon Brown has been shortened from 3/1 to 5/4 to leave office during 2008. He is 6/4 to go in 2010, 7/2 in 2009. Brown is also 11/10 NOT to lead Labour into the next General Election, but 4/6 to still be at the helm at that time.

Ladbour are 8/11 favourites to win the Glasgow East by election with William Hill. Hills offer the SNP at even money, and have the Tories at 33/1 and the Lib Dems at 50/1.

Over in Scotland, William Hill make Andy Kerr 2/5 favourite to be the next Scottish Labour leader. They also offer 4/1 Margaret Curran; 6/1 Iain Gray; 14/1 Cathy Jameson; 20/1 Charlie Gordon.

The Tories are 1/ 4 favourites to win the next General Election with Hills who make Labour 11/4 - their longest odds since winning power - and the Lib Dems 100/1.