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Boris Johnson for Prime Minister? Odds surge as bookies predict next Tory leader

Boris' odds on becoming the next PM skyrocketed within hours on Thursday night and into Friday

Odds on Boris Johnson becoming the next Prime Minister have surged.

The Foreign Secretary and former Mayor of London started the night sitting at 66/1 odds of becoming the next leader of the UK as of 5.30pm on Thursday (June 8).

But in just hours, he was in at a five to one chance according Bookies.

Sky Bet say Johnson’s odds skyrocketed in just five hours on Thursday night, later adjusting the stats to 6/1 then to 7/1 as of midnight.

According to our sister site, Wales Online , the odds on Labour leader Jeremy Corbyn becoming the next Prime Minister were slashed, as it was predicted Conservatives wouldn't win a majority and a hung parliament looked likely.

Nate Silver, editor-in-chief of US poll analysis website fivethirtyeight.com, tweeted Johnson - who led the campaign for Britain to leave the European Union - had an 18.7% chance of being the next Prime Minister. That was an increase of 18.3%.

Theresa May was on 41.6% but that was a drop of 44.3%.

Jeremy Corbyn was on 14.7%, an increase of 1.7%.

Meanwhile, Paddy Power said if Labour won, it would be the biggest loss for bookies in a UK election.

In the early hours, Corbyn became a bookies’ favourite to be the next Prime Minister in what would be “the biggest upset in political betting history”.

Three and a half hours after the shock exit poll predicted a hung parliament, Paddy Power changed its odds to make the Labour leader 10/11 favourite to walk into Downing Street, ahead of Theresa May.

The odds on Corbyn becoming Prime Minister also crashed to as low as 9-4 with SkyBet upon the release of the exit poll suggesting a hung parliament could be on the way.

Mr Corbyn had drifted out to as long as 12-1 with bookmakers as late opinion polls pointed to a Conservative landslide with campaigning drawing to a close.

Lee Price, head of PR at Paddy Power, which was at 4-1 when he spoke to The Independent, a matter of minutes before the odds almost halved again, said: "We’ve had 84 per cent of all of our bets on Jeremy Corbyn to become PM.

"If he does win we are going to be skint. We’ll need a magic money tree if it happens!"

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