We look at how the bookmakers have reacted to the first round of voting in the Conservative leadership election.
It’s all change at the top of the Next Tory Leader betting market.
The race is hotting up to replace former Prime Minister Rishi Sunak, who stood down as leader of the Tory party after overseeing the Conservatives’ worst performance at a general election in July.
Going into last week’s first round of voting, there were six candidates ranging from 7/4 to 40/1 at best prices available through oddschecker.
Home Secretary Priti Patel was knocked out of the contest having taken just 14 of the 118 votes cast. The next vote takes place on Tuesday 10th September, which will reduce the field from five to four before the party's annual conference at the end of September.
A round of hustings and multiple votes lasting three days will follow the conference from Thursday 10th October until only two candidates are left.
The chosen leader of the final two standing will then be decided by Conservative Party members, announced on Saturday 2nd November.
Next Tory Leader Odds
| Next Tory Leader | Best Odds | Bookmaker |
|---|---|---|
| Robert Jenrick | 6/5 | Betfred |
| Kemi Badenoch | 2/1 | William Hill |
| James Cleverly | 5/1 | Betway |
| Tom Tugendhat | 20/1 | William Hill |
| Mel Stride | 40/1 | William Hill |
The latest Tory leader odds suggest Robert Jenrick is the likeliest winner of the Conservative Leadership Election and Mel Stride will the next to fall.
Jenrick is a general 11/10 chance having topped the poll of MPs with 28 votes last week (best price 6/5 on Betfred), while Stride is the 40/1 outsider having collected 16.
Kemi Badenoch (22 votes), Shadow Secretary of State for Housing, Communities and Local Government, is the second favourite at 2/1 having been as short as 6/4 before the first round.
Betfred
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Conservative Leadership Election Odds
The biggest market mover in the last seven days is James Cleverly (21 votes), the fourth favourite coming into the first phase of votes, who has now usurped Tom Tugendhat (17) in the market.
Shadow Home Secretary Cleverly is a shortest 3/1 to win the Tory Leadership Election having been a best price 6/1 last week, although he does remain available to back at 5/1 on Betway.
Tugendhat was as short as 4/1 with some bookmakers last week but is now a 20/1 chance with the likes of bet365, Sky Bet and William Hill.
William Hill
- Solid in-play betting service
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- Excellent reputation within the UK betting-industry
