Theresa May is expected to survive a vote of confidence this evening.
The challenge to Mrs May’s position comes after the required 48 letters calling for a contest were delivered and she’s 3/1 to lose the vote she is 1/5 to get through the vote.
She requires 158 Tory MPs to stick with her. She could come up short with 101 to 150 votes – the favourite at 6/5, with 50 to 100 next in the betting at 15/8, while the magic 151 to 200 is 3/1.
If May does receive a vote of no confidence, former Home Secretary Boris Johnson is 7/2 favourite to replace her.
The 54-year-old heads the betting to replace the under threat PM, with the man who replaced him Sajid Javid at 5/1, and the Brexit minister Dominic Raab also looking a viable option at 11/2.
Secretary of State Jeremy Hunt and Environmental Secretary Michael Gove, both in favour of exiting the European Union, are also in contention at 8/1.
Betway’s Alan Alger said: “The vote of confidence is the latest chink in Theresa May’s armour and if her conservative peers vote against her, it will be virtually the final nail in the coffin.”