The next major betting trend in the world of politics will surround the next leader of the Conservative Party.
After Rishi Sunak lost the 2024 July 4 General Election to Sir Keir Starmer and Labour, the former Prime Minister announced he would be stepping down as the leader of the Tory Party.
Sunak has also said he will remain in the job until a suitable successor has been found.Here, we’ll be analysing all the vital components needed to approach such a unique type of market.
Understanding The Next Conservative Leader Odds Today
The Conservative Party is in crisis. With the exit of Boris Johnson, Liz Truss was appointed to be the new PM but has made a mess of things. With a disastrous mini-budget wiping billions off the pound and widespread dissent in the party, it wasn't long before Truss got the boot.
Then Rishi Sunak took over and he lost the confidence of the public almost immediately. This eventually led to a General Election on July 4 which saw the Tory Party lose a majority verdict to Labour.
Sunak has now revealed he will be standing down as the leader of the Conservative Party. That immediately opened up a betting market to see who the next leader will be.
The swiftness of the rise and fall of Liz Truss should be a lesson for anyone trying to make sense of the future of the party and the next Tory party leader odds. Everything can change, from an 80-seat majority, to the political wilderness, in a snap.
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What Happens Now?
Firstly, this is a very fluid process and odds could change any minute. However, this is the situation as things stand right now. Rishi Sunak has been ousted as Prime Minister and will also step down as Tory leader. He could - by rights - remain in the role and be the leader of the opposition - but he has opted to walk away.
Already there are a number of high-profile contenders such as Kemi Badenoch, Robert Jenrick and Tom Tugendhat at the top of the betting markets, while Nigel Farage is also on the list - but would he jump ship from Reform to the Conservatives?
The current front-runner is Badenoch at 7/5 with Bet365, while Jenrick and Tugendhat are 3/1 and 5/1 respectively. Penny Mordaunt, who pushed Sunak all the way last time out, has dropped down the pecking order and can be backed at a massive 66/1, with Farage on offer at 40/1.
Next Permanent Conservative Party Leader - Bet365
Kemi Badenoch - 7/5
Robert Jenrick - 3/1
Tom Tugendhat - 5/1
Priti Patel - 15/2
James Cleverly - 15/2
Suella Braverman - 14/1
Victoria Atkins - 18/1
Clare Coutinho - 28/1
Nigel Farage - 40/1
Boris Johnson - 35/1
Jeremy Hunt - 40/1
David Cameron - 40/1
Penny Mordaunt - 66/1
Jacob Rees-Mogg - 100/1
Five Things To Keep In Mind When Betting On Next Tory Leader Odds
The markets for the next Conservative party leader must be thought of differently to your typical sports betting markets. You aren’t betting on who will win an athletic contest here. You’re not even necessarily betting on who you think is the best candidate. Instead, you’re trying to work out who the Conservative party themselves will elect. You’re essentially predicting the voting patterns of a particular group.
So, how should you approach the distinctive odds on the next leader of the Conservative party? Here are five key things to keep in mind:
Research is everything
Making the smartest bets possible is all about trying to accurately predict events. The best way to improve your ability to do that is to learn as much as you can about the relevant subjects. To put it simply, if you know more about the candidates, the Conservative party and ongoing events, the better prepared you will be to recognise the next Tory party leader odds opportunities.
It’s important to understand the news as a source
As your research needs to be about ongoing events, the news can be a very useful source of information. However, context is important. Consider the political leanings and trustworthiness of news sources and try to get a variety of views and coverage for the best and most objective understanding of what’s going on. Conservative home polling, for instance, is a fantastic alternative source for getting an indication of how the membership feels about different candidates.
They have a distinct leader selection process
The Tory party leadership race comes down to two rounds: the first of which is voted on by Tory MPs and then the second, which sees two final candidates voted on by all Conservative party members. What this means is that you have to consider not just the general popularity of a candidate among the public, but also within their own party.
The passions of politics can have a negative effect on betting strategy
Although people certainly are passionate about sports betting, many people will feel an exceptional amount of passion towards this subject. Unfortunately, this can lead to bias – and that has the potential to push people towards bad betting strategies. So, do your best to stay cool and objective when analysing these markets.
This is an ever-moving market
The odds on this can change drastically with each passing day. There will certainly be changes as candidates begin being eliminated. And there’s also plenty of room for dramatic shifts in the wake of any potential scandals or breaking news. Just look at the expected downfall of Liz Truss as one example of how party support can fall away drastically.
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Historical Facts Relevant To The Odds On The Next Leader Of The Conservative Party
We talked about how research was so vital in getting to grips with the odds on the next leader of the Conservative party. To get you started, here’s are seven key facts that are relevant to understanding the next Tory leader odds:
It’s common for Conservatives to internally oust their leader.
The most famous of these incidents was Margaret Thatcher who resigned following internal pressure. Similar fates were felt by Neville Chamberlain, Theresa May, Boris Johnson and now potentially, Liz Truss.
The history of the Tories toppling leaders without an election is also felt by other parties. For instance, in 1979, Thatcher successfully brought a vote of no confidence in Labour leader James Callaghan, forcing a general election. Put simply, the Tories have a history of pushing against leaders they don’t like – which is relevant to the often messy world of the next Tory leader odds.
The Conservatives rarely back an underdog.
The leader is typically chosen between favourites.
Both Theresa May and Boris Johnson were made Prime Minister as a result of a leadership contest
– although both did later win an election.
The Tories have elected the three female leaders.
They have been Liz Truss, Theresa May, Margaret Thatcher, and are the UK’s only female Prime Ministers so far.
The youngest elected Conservative party leader of modern times was William Hague.
He was 36 when he was elected in 1997 and was the youngest Tory leader for 200 years.
The first formal election for the next leader of the Conservative party took place in 1965
and was won by Edward Heath.
For specific research on the leadership election process itself, this is your starting point.
Finding The Right Operator For Next Conservative Leader Odds
You should be able to find the latest odds on the next Tory leader pretty easily. While this is a specials market – and often they’re inconsistently covered – a new leader of a major UK political party and potential Prime Minister is something significant enough to be offered by most major UK bookmakers.
The likes of Bet365, 888Sport and William Hill, for instance, should be offering odds on this market. Worthy of a special mention are Betfair, who have a history in predicting this political market more successfully than the polls. For instance, in 2017, Betfair predicted a hung parliament in defiance of the pollsters’ wisdom – so they’re certainly worth checking out.
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Bookmaker Promotions And The Next Tory Party Leader Odds
Can you utilise promotions on such a unique market? Well, it all depends on the bookmaker. In truth, we don’t think that many offer bonuses are specifically aimed at the latest odds on the next Tory leader, but it is possible.
What’s more likely is that you would be able to use general promotions, such as free bets, on specials markets like odds on the next leader of the Conservative party, unless expressly forbidden. So, it’s always worth checking out the promotional Terms and Conditions before placing your wager.
Conclusion: A Unique Political Betting Market
While there’s no doubt that the next Conservative leader odds may appear challenging – due to how different and multi-faceted it can be compared to other betting markets – that’s also what makes it so interesting and enjoyable to bet on. This is also helped along by the fact that so many of the world’s greatest betting sites have taken an interest in this market, meaning tons of choice and competitive odds.
If you’re looking for something completely different, a challenge to your power of prediction and you have an interest in politics, we think it’s well worth checking out the next Tory party leader odds.
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Next Conservative Leader Odds FAQ
👍 Is it easy to find odds on the next Conservative leader?
As the markets for the next leader of the Conservative party are so unusual, many people may wonder if they can actually be commonly found on most bookmakers. As part of our look into the subject of next Tory leader odds, we’ll be tackling how common they actually are to find, so you know what to expect from your favourite operators.
💰Can I use promotions on next Tory leader markets?
For most betting markets, the answer to the question of whether bonuses can be used is an obvious affirmative. However, the odds for the next Tory leader don’t represent a normal betting market. So, where does that leave them in terms of promotions? Our next Tory leader odds guide has all the information you need.
❓How do I choose between next Tory leader odds?
A very different kind of betting market requires many special strategic considerations. That’s why, as part of our guide regarding all things to do with the next Conservative leader's odds, we’ll be providing a broad variety of general and historical strategic considerations. That way, you can make sense of the different odds available to you and bet with confidence.
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