Ladbrokes gives Japanese novelist odds of 10/1, ahead of Dutch writer Cees Nooteboom and Mo Yan of China on 12/1

This article is more than 8 years old

This article is more than 8 years old

The Japanese novelist Haruki Murakami has emerged as the early favourite to win this year's Nobel prize for literature.

The acclaimed author of titles including Norwegian Wood, The Wind-Up Bird Chronicle and, most recently, IQ84, Murakami has been given odds of 10/1 to win the Nobel by Ladbrokes.

Last year the eventual winner of the award, the Swedish poet Tomas Tranströmer, was the betting firm's second favourite to take the prize, given initial odds of 9/2 behind the Syrian poet Adonis, at 4/1. This year Adonis has slipped down the list, given odds of 14/1 alongside the Korean poet Ko Un and the Albanian writer Ismail Kadare.

New names in Ladbrokes list this year include the Chinese author Mo Yan and the Dutch writer Cees Nooteboom, both coming in with strong odds of 12/1 to win the Nobel prize.

Earlier this year the head of the Swedish Academy, Peter Englund, revealed that 46 of the 210 writers nominated for this year's literature Nobel had been picked for the first time. Candidates are put forward by a mix of Swedish Academy members and international literary figures.

"An unusually high number of former Nobel laureates have exercised their nomination right," Englund wrote on his blog.

Britain's strongest contender for the Nobel this year, which goes to "the most outstanding work in an ideal direction", is – according to Ladbrokes – Ian McEwan, who comes in at 50/1, behind the singer-songwriter Bob Dylan, at 33/1. American novelist Philip Roth is at 16/1, alongside his compatriot Cormac McCarthy, the Israeli author Amos Oz and the highest-placed female writer, the Italian Dacia Maraini.