Raab’s rule: Punters back Raab for Tory leader

Our traders have trimmed Dominic Raab’s chances of becoming the next permanent leader of the Conservatives, following plenty of interest from punters.

We’ve seen money pouring in for Raab to step up since Theresa May announced she could step down in the near future.

The former Brexit Secretary is now 8/1 to take over the Tory leadership (was 10/1).

Michael Gove remains 7/2 favourite, narrowly ahead of 4/1 shot Boris Johnson.  He also heads the betting for the next Prime Minister at 4/1.

Jessica Bridge of Ladbrokes said: “Raab has been the biggest market mover in the last 24 hours. However, contrary to reports that Javid fancies his chances in No.10, he is completely friendless with punters at the moment for the top job.”

Ladbrokes Latest Betting:

Next permanent Tory leader

Michael Gove – 7/2
Boris Johnson – 4/1
Dominic Raab – 8/1
Jeremy Hunt – 8/1
Sajid Javid – 10/1
Andrea Leadsom – 16/1
Matthew Hancock – 16/1
David Lidington – 25/1
Geoffrey Cox – 25/1
33/1 bar

Next Prime Minister

Michael Gove – 4/1
Boris Johnson – 9/2
Jeremy Corbyn – 8/1
Dominic Raab – 10/1
Jeremy Hunt – 10/1
Sajid Javid – 12/1
David Lidington – 16/1
Andrea Leadsom – 20/1
Matthew Hancock – 20/1
Geoffrey Cox – 25/1
40/1 bar

All Odds and Markets correct as of date of publication