Boris Johnson is as short as 1/20 to become the new leader of the Conservative Party and the next Prime Minister.
The former Foreign Secretary breezed through the voting of the parliamentary members, claiming the votes of over half the MPs who voted.
Johnson will now face off against current Foreign Secretary Jeremy Hunt – who only just edged past Michael Gove by two votes, to win the final place in the ballot that will go to the 160,000 Conservative Party members – who will decide the next MP.
It is now a straight battle between Brexiteer Johnson and Remainer Hunt – with Brexit remaining the key battle ground.
With Hunt now standing in the final battle, but with odds of up to 9/1 – Bookmakers are convinced that they already know who the next PM will be when it is confirmed in mid-July.
Elected Conservative Party Leaders
Elections from 1965 onwards as before this leaders were elected by party committee
|1965||Reg Maulding||Edward Heath|
|1975||Wille Whitelaw||Margaret Thatcher|
|1990||Michael Heseltine||John Major|
|1997||Ken Clarke||William Hague|
|2001||Michael Portillo||Iain Duncan Smith|
|2003||Michael Howard||Michael Howard|
|2005||David Davis||David Cameron|
|2016||Boris Johnson||Theresa May|
OddsMonkey spokesman Peter Watton commented: “Jeremy Hunt has stated that he is the underdog – and the Bookmakers are in full agreement.
“In what is billed as a two-horse race, it barely looks like that. Johnson is as short as 1/20 – which is over 95% probability, and indeed some Bookmakers would even consider closing their markets on such a short price favourite.
“But if you think Hunt can win then you can get as much as 9/1 – a huge price in a supposed two-horse race.
“Boris is now well placed to make history by becoming the first favourite to win a Conservative Party leadership election – as the only previous favourite to do so was Michael Howard in 2003 when he was unopposed.”
Selected odds on next Prime Minister:
Boris Johnson – 1/20
Jeremy Hunt – 9/1
*Odds correct at time of writing
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