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Joe McElderry is set to be crowned the new X Factor king according to English bookmaker Ladbrokes. The young Geordie is at odds of 4/9 red hot favourite to win the hit show.

The bookies have almost given up hope of a last minute upset as Joe is very likely to get the contract many unknown singers and performers long for.

David Williams, spokesperson of Ladbrokes, said: "Only a huge shock would save us from the inevitable payout on Joe. He looks nailed on to win the show."

Meanwhile, his contenders Stacey and Olly are both available at betting odds of 4/1.

Latest Betting Odds - Who will win X Factor?

4/9 Joe McElderry, 4/1 Stacey Solomon, 4/1 Olly Murs

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Source: Online Gambling News, eternalgambling.com

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