Punters rush to back Jacob Ress-Mogg as leadership bid rumours circulate

Almost three-quarters of bets in the next Conservative leader market are now being placed on Jacob Ress-Mogg as rumours circulate that the MP is planning to launch a leadership bid.

According to betting data Rees-Mogg’s odds of becoming the next Conservative leader have been cut to 6/1 as the market starts to heat up.

You can also find odds as short as 7/1 for him to be the next Prime Minister.

Reports this weekend have suggested Mr Rees-Mogg was looking to launch a bid for the party leadership after seeing his popularity with the British public increase thanks to recent success on social media with a number of his posts going viral across the likes of Facebook and Instagram.

With the future of Prime Minister Theresa May still the subject of much speculation and rumours of in-fighting and division among Conservative MPs over Brexit, rumours continue to circulate that party members will look for a new leader following Mrs May’s poor performance in the general election.

Although those looking to pile in on the MP known as ‘the Honourable Member for the early twentieth century’ should heed the warning from Rees-Mogg himself who told Radio 4 on Sunday: “I think it’s a reminder that it’s August and people don’t have pressing UK political news to write about. And therefore there’s this jolly stuff about me, but I wouldn’t put any money on it.”

Oddschecker’s spokesman George Elek: “After Teresa May, Michael Gove and Boris Johnson had all recently launched Conservative leadership bids soon after expressing no interest in the role, it makes sense that punters aren’t taking notice of Rees-Mogg’s apparent disinterest in the job. With 72% of bets coming in for the Brexiteer, it looks like he is very much a credible candidate in the public’s eyes”

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