The Bookies Favorites For Next British PM

Bookies may have made the Remain campaign favorite to win the EU referendum vote held in the UK on June 23rd, but that decision was largely based on the volume of bets placed at their establishments, and the need to arbitrage their risks. With Brexit winning the day by a margin of 51.8% to 48.1%, the bookies have now turned their attention towards who will become the next British Prime Minister to steer the UK away from the European Union, with one candidate emerging as a clear favorite over all others- Boris Johnson.
Nevertheless, this morning the rules have all changed since the man who went all out to secure an anti-EU vote announced he would not be running for the Conservative leadership role, stating that he was not the right man to unify his party and ensure Britain maintained its standing in the world. Following his withdrawal, Johnson lent his support to Justice Secretary Michael Gove, the politician who convinced Johnson to back Brexit, and as Gove said of the former front-runner:
“I wanted to help build a team behind Boris Johnson so that a politician who argued for leaving the European Union could lead us to a better future. But I have come, reluctantly, to the conclusion that Boris cannot provide the leadership or build the team for the task ahead.”
In the meantime, the bookies currently see Home Secretary Theresa Mayas (photo) as the more likely candidate to be elected Conservative leader and become the first female Prime Minister since Margaret Thatcher (1979-90). Other contenders still in the running also include Treasury Minister and Energy Minister Andrea Leadsom; Welsh Secretary, Work and Pensions Secretary Stephen Crabb; as well as a number of other potential candidates such as Employment Minister Priti Patel, and Education Secretary Nick Morgan.
Here are the betting odds currently being offered by Ladbrokes:
Theresa May 4/6
Michael Gove 3/1
Andrea Leadsom 9/2
Stephen Crabb 20/1
Liam Fox 40/1