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Conservative Leader Betting News: Then There were Three

Conservative Leader Betting News: Then There were Three

Today we see the next round of voting in the Conservative Leadership contest, where three will be narrowed down to two.

In the first round of the Tory Leadership contest  Theresa May finished top of the ballot, after receiving the support of 165 of her fellow Conservative MP’s. That was exactly half of the total number of votes cast.  May is the strong favourite in the Next Tory Leader betting markets at best odds of 1/5 via Ladbrokes.

In second place in the ballot was Energy Minister and lead Brexit campaigner Andrea Leadsom who received 66 votes, 20% of votes cast. She is also second favourite in the betting markets at best odds of 5/1 offered by Betfair.

Michael Gove the Justice Secretary received 48 votes, 15% of the total, in third place and is subsequently third favourite and rank outsider at best odds of 18/1 via Bet365.

Liam Fox, the former Defence Secretary received only 16 votes in the ballot and by the rules of the contest is therefore eliminated. He has since pledged his support for Theresa May’s candidacy. Stephen Crabb the Work and Pensions Secretary received the support of 34 MP’s, and whilst eligible to continue in the race announced after the result that he was dropping out, and like Liam Fox offered his support for Theresa May.

So we are down to May, Leadsom and Gove.  After today’s round of voting we will be down to a shortlist of two . The entire party membership will then choose between which of these two candidates they want to be their next leader  ahead of the winner being announced on September 9th.

There is always the possibility that the second placed person, who currently looks to be Leadsom, will pull out of the race for the sake of party unity, in which case we could have a new Tory leader and therefore Prime Minister within days. We should find that out in the days following the Thursday vote.

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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