Sajid Javid's home secretary appointment has led him to contention for the top job in the House of Parliament.
Sajid Javid has seen his odds to become Prime Minister fall dramatically from 66/1 to as short as 10/1 following his appointment as Home Secretary after Amber Rudd resigned from the position last night.
That implies he is six times more likely to replace Theresa May than he was just one day ago.
His market move has been fuelled by 37% of all bets since news broke of Rudd’s resignation with UK punters quick to speculate on the former Communities Secretary taking up residence in Downing Street.
He has also been a popular pick to become the next Conservative leader, accounting for 24% of bets in the same period, with his odds slashed from 33/1 to as short as 5/1 overnight.
Which way his popularity goes, much will depend on how he handles the Windrush generation issue that forced Amber Rudd out of office and led to uncertain futures for many British citizens.
Oddschecker spokesperson, George Elek: "Javid was the odds-on favourite to replace Amber Rudd before the announcement this morning, and punters believe that his rise to the top of UK politics will continue.
"One firm makes it a 5/4 chance that the Prime Minister leaves this year, so Javid may not have long to wait for his chance at the top."