The odds on Jade Ewen winning the Eurovision Song Contest for the UK have been slashed by bookies ahead of Saturday night's event. Bookies Ladbrokes and William Hill are now offering odds of 10-1 on the Andrew Lloyd Webber/Diane Warren penned song It's My Time triumphing in Moscow on Saturday - making it the third favourite to win. That makes it the shortest odds for a UK entry in years - with the bookies admitting they face a £5m payout if she wins. "A lot of our customers are backing Lord Lloyd-Webber to prove that he still has the Midas touch," said William Hill spokesman Rupert Adams. "We're used to being pessimistic about the UK's chances," added Ladbrokes spokesman Nick Weinberg. "But that's not the case this year." The UK has won Eurovision five times - the last time being in 1997 with Love Shine A Light by Katrina And The Waves - but has not scored a top ten finish since Jessica Garlick's song Come Back in 2002. Last year's entry, Even If by former X Factor finalist Andy Abraham, finished last in Belgrade. Norway are favourites to win Saturday's contest, with Greece, Turkey, Azerbaijan and Bosnia and Herzegovina also in the running. The contest will be on BBC One from 8pm.
