October 21, 2022

Odds for the next Prime Minister

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Odds for the next Prime Minister

Mary Elizabth (Liz) Truss became Britain’s prime minister on September 6, 2022, but only lasted six weeks. On October 20, Truss announced her resignation as leader of the Conservative Party and with it as prime minister of Great Britain. Liz Truss was the nex prime minister after Boris Johnson. Johnson resigned as prime minister this summer. It’s 45 days ago when Liz Truss became the new prime minister of the UK. We can say that these weren’t the best days in the life of the ex-prime minister. Tuesday afternoon she announced her retirement after 45 days of leading the country. This wasn’t a big shock for most of the people in the UK.

This was a perfect happening for the bookmakers to step up. So now it’s possible to bet on the next prime minister of the UK. Within a week there will be a vote for who will be the next prime minister. Till that day you can bet on it.

The vote will be held within the Conservative Party, but not everybody is happy with that. The Labor Leader, Keir Starmer, wants a new election, because two Conservative Prime Ministers resigned in the last half year.

Favorites at the bookmakers

odd-for-next-prime-minister

And now you must be curious, who are the big favorites to be the new Liz Truss? The markets have been opened by the bookmakers in the UK. One of the biggest bookmakers, PaddyPower, is always one of the first who comes with these types of markets. The market where you can bet on is: “Who will be the next leader of the Conversative Party?”.

You can bet in total on 21 possible candidates, but there are two big favorites. In the list below you can find all the possible betting options at PaddyPower:

  • Penny Mordaunt – 2,1x
  • Rishi Sunak – 2,25x
  • Ben Wallace – 11x
  • Boris Johnson – 12x
  • Kemi Badenoch – 34x
  • Jeremy Hunt – 41x
  • Simon Clarke – 41x
  • Dominic Raab – 67x
  • James Cleverly – 67x
  • Matt Hancock – 67x
  • Grant Shapps – 67x
  • Tom Tugendhat – 67x
  • Suella Braverman – 67x
  • Michael Gove – 67x
  • Theresa May – 67x
  • Steve Barclay – 81x
  • Nadhim Zahawi – 81x
  • Sajid Javid – 101x
  • Priti Patel – 101x
  • Jacob Rees-Mogg – 101x
  • Kwasi Kwarteng – 101x

Strange Candidates on the List

For me there are two strange candidates on the list. The first one is Boris Johnson. Boris resigned a couple of months ago and now you can bet on him to be the next leader. The odds for Boris Johnson are 12.00, which gives him the 4th place on the list. I personally don’t think that Boris Johnson will step up to be the leader of the Conservative Party.

The next candidate is Theresa May. Theresa May didn’t have an easy time as prime minister, but nobody in the whole country liked Theresa. This is also a person on the list who I think you can skip and should not bet on.

Two Big Favorites

There are two big candidates with the lowest odds, Penny Mordaunt and Rishi Sunak. The candidates with the lowest odds are the people with the highest chance of being the next leader of the Conversative Party. Penny Mordaunt is the absolute favorite. Mordaunt is already leader of the British House of Commons. Penny was already running to follow up Boris Johnson a couple months ago. The odds for Penny to be the next leader is 2.10, which means it has a 47.6% chance to happen.

The second big contender to be the next Liz Truss is Rishi Sunak. Rishi Sunak was also participating in the fight to succeed Boris Johnson, so this is the perfect chance to be the new leader. The odds for Sunak is 2.25, which gives Sunak a 44.4% chance of winning.

PaddyPower is one of the bookmakers where you can bet on this market. PaddyPower is a bookmaker that is creative with their bets. They also had a market for the next partner of Kim Kardashian and the Winner of the European Song festival.

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