Odds on Rishi Sunak to be the next Tory leader have drifted yet again to 3/1 from 2/1 overnight after Monday evening’s televised debate, meanwhile, Liz Truss remains the strong 1/3 odds-on favourite to replace Boris Johnson.
Before Johnson resigned, the Conservatives were 13/5 to win a majority at the next General Election, but they are now 3/1, while Labour’s odds have shortened to 7/2 from 9/2.
Rishi Sunak vs Liz Truss: The percentage chance of becoming the next Conservative leader since Boris Johnson resigned
Betfair Exchange: Next Conservative leader
Liz Truss: 1/3 (was 1/2 on Monday evening
Rishi Sunak: 3/1 (was 2/1 on Monday evening)
Betfair Exchange: Overall majority at next General Election
No majority: 5/6
Conservative majority: 3/1
Labour majority: 7/2
Betfair spokesperson Sam Rosbottom said, “After the latest televised debate between Rishi Sunak and Liz Truss on Monday night, odds on the former chancellor to be the next Tory leader have drifted to 3/1 from 13/5.
“That is despite a snap poll by Opinium finding 39% of people believed Sunak performed better than Truss, who had 38% of the votes. Meanwhile, Truss remains the odds-on favorite at 1/3 to replace Boris Johnson.
“Looking at the percentage chance for the two candidates, Truss has seen a meteoric rise since Johnson announced his resignation.
“She had less than a 10% chance of becoming the next Conservative leader back then, however, the tables have turned and according to the odds on Betfair Exchange, she now has a whopping 76% chance of winning the leadership race.
“Meanwhile, Sunak’s chances have peaked and troughed, but since the final two has been confirmed, his chances have been on the decline.”