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Conservative Leader Betting: May vs Leadsom

Conservative Leader Betting: May vs Leadsom

So we are down to the final two, and one thing is for certain. The United Kingdom are going to have their second female prime minister. This is after Michael Gove was eliminated from the contest, and it is left to Theresa May and Andrea Leadsom to fight it to be the next Prime Minister.

In the second ballot of Members of Parliament,  Home Secretary Theresa May received 199 votes, Energy Minister Andrea Leadsom 84 and Justice Secretary Michael Gove, 46. Gove having received the fewest votes is therefore eliminated.

The contest now moves to its final stage with the Conservative Party’s 150,000-strong membership deciding between Mrs May, a Remain campaigner with a long track record in government, and Mrs Leadsom, a leading light of the Brexit campaign who has stressed her City and business background.

The contest now goes to the final round, where the vote goes to the entire 150,000 strong Tory membership. So there is a possibility that we have a situation like Labour where one candidate receives the overwhelming backing of MP’s but the membership favour another candidate. In this case the membership would win. So there are no guarantees that Theresa May will win, despite receiving the backing of over half of Conservative MP’s.

In the betting markets,  Theresa May  is the strong favourite in the Next Tory Leader betting markets at best odds of 1/5 via Ladbrokes.

Andrea Leadsom is available at best odds of 4/1 from Betfair

While at this point it looks like it is Theresa May’s race to lose, politics is a funny old game, and can change drastically in a short time period. Witness how Boris Johnson went from one day being overwhelming favourite to be the next Prime Minister to the next being out of the contest altogether. If we have learnt anything it is to expect the unexpected.

Latest Conservative Leader Betting Odds

See the Odds Comparison table below, which shows all the contenders and their odds across the betting market.  Click Odds to take you directly to the Bookmakers site.

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