Bookies Bet on Theresa May to Win the No Confidence Vote
U.K. Prime Minister Theresa May has vowed to fight the confidence vote against her “with everything I’ve got.” Gamblers are betting that will be enough for her to survive.
Oddsmaker Ladbrokes initially gave a price of evens for May to win the vote, meaning bettors would double their money were she to stay in office. Within an hour, those odds had been slashed to 2/7, with 90 percent of the total amount staked being on May to win, according to the bookmaker’s Twitter page. Those wanting a bet on her to lose can get odds of 5/2, meaning a successful 2-pound ($2.51) wager would return a five-pound profit.
Should May be defeated, who would take her place as Conservative party leader? Ladbrokes make ex-Foreign Secretary Boris Johnson and former Brexit Secretary Dominic Raab the 4/1 joint favorites. Others in the running include Home Secretary Sajid Javid, rated a 6/1 shot.
©2018 Bloomberg L.P.