Next Prime Minister Betting Odds – Johnson resigns and Conservative Party leadership race is on

Ben Wallace / Westminster ©IMAGO/ZUMA Wire 06/28/2022

Next Prime Minister Betting Update: It’s been a frantic few days on the political front in Brtian. Everything came to a head on Thursday with the resignation of PM Boris Johnson.

The day after the resignations of top cabinet members Rushi Sunak and Sajid Javid, Johnson announced his own departure on Thursday.

But he will be staying on in a caretaker PM role under a new leader can be found. While some veterans of the party want him to go immediately, Theresa May and David Cameron, Johnson’s predecessors, both stayed on until a new leader was found.

Next Prime Minister Betting Odds

Ben Wallace 5/2
Rishi Sunak 7/2
Penny Mordaunt 13/2
Tom Tugendhat 8/1
Sajid Javid 8/1
Liz Truss 9/1
Jeremy Hunt 11/1
Nadhim Zahawi 14/1
* (odds recorded at 20:47 GMT on July 7th, 2022 at Bet365)

Bet at Bet365

Next Conservative Party Leader Betting Odds

That leaves a new race for leadership. This is an election for the new Conservative party leader.

Anyone who wants to get in the race has to get the backing of at least 8 Conservative MPs.

Once the final list has been declared, rounds of voting will happen until the field is whittled down to two.

At that stage, all Conservative Party members get to vote.

The winner of the race to be the next Conservative PM will then become the new Prime Minister. They will be asked by the Queen to form the government.

Main candidates in next Prime Minister Betting

The big shake-up at Number 10 has obviously led to some renewed interest in the political betting markets.

Who will take over the Conservative Party and slide into the Prime Minster role?

Note that there is going to be a timetable for all of this. None of the candidates in the betting list have officially announced a bid at the time of writing.

Ben Wallace favourite in Next Prime Minister Betting

Defense Secretary Ben Wallace is the current favourite in Next Conservative Party Leader betting odds at 5/2* (odds recorded at 20:47 GMT on July 7th, 2022 at Bet365).

He’s been a big ally of Johnson. Wallace was part of Johnson’s bid for the top party position back in 2017, which ultimately failed then.

He could be a strong contender if he launches his own bid for the top.

Rishi Sunak

The former Chancellor has long been touted as a future Conservative Party Leader. He is currently at 7/2 in the market* (odds recorded at 20:47 GMT on July 7th, 2022 at Bet365).

Sunak was handed the Chancellor of the Exchequer role in 2020. He was praised for how his handling of the economy during the difficult last couple of years.

Sunak quit the cabinet just before Johnson’s resignation.

Penny Mordaunt

Minster of State Penny Mordaunt has a strong political profile behind her, including her 2019 position of Defence Secretary.

She led the former young wing of the Conservative Party. Mordaunt will probably gain enough support to get firmly in the leadership race if desired.

Mordaunt is a 13/2 option in Next Prime Minister betting odds* (odds recorded at 20:47 GMT on July 7th, 2022 at Bet365).

Liz Truss

Foreign Security Liz Truss has been in several positions within the cabinet and was part of the post-Brexit trade agreement discussion.

Truss does appear to have plenty of support. She was one of the first to come out in support of Johnson when Sunak and Javid quit.

Liz Truss is currently at 9/1* (odds recorded at 20:47 GMT on July 7th, 2022 at Bet365).

Sajid Javid

The former Health Secretary had had enough of the way the government was being run and resigned earlier this week.

He was part of the 2019 Conservative Party leadership race and was one of the final four left standing in the race.

8/1 contender Sajid Javid dropped from the race to throw support behind Johnson* (odds recorded at 20:47 GMT on July 7th, 2022 at Bet365).

Tom Tugendhat

Will moderate Tom Tugendhat make a play for the leadership? It’s a position that he has been touted as potentially holding in his future career.

The MP is currently Chairman of the Commons Foreign Affairs Select Committee.

Tugendhat is a shortening 13/2 contender* (odds recorded at 20:47 GMT on July 7th, 2022 at Bet365).