William Hill are now displaying Jeremy Corbyn and Boris Johnson as joint favourites to become the next British Prime Minister.
With odds being offered at 4/1 for both runners – an implied probability of 20% – it now seems that the UK’s leading bookmaker has become the first in the UK to express doubt about Johnson’s status as overall favourite to become PM.
Most bookies – including William Hill – have been listing Johnson as favourite to succeed Theresa May for a number of months now, notably after Johnson’s own resignation as Foreign Secretary back in July. The development was widely read by political commentators as a strategic move by the former Mayor of London to consolidate his eventual leadership challenge.
However, William Hill’s refusal to list the former London Mayor as outright favourite may now have been influenced, in part at least, by the latest figures from YouGov which show Johnson’s popularity at an all time low – and it appears that even Liam Gallagher has now also jumped on a Boris-bashing wagon that has been gathering pace as Brexit looms closer on the horizon.
Corbyn Emerging as a Value Bet?
Jeremy Corbyn may emerge as the biggest beneficiary to Johnson’s recent plummet in popularity.
And unlike Johnson – who would need to win both a leadership challenge as well as a general election – Corbyn continues to consolidate his position as leader of the opposition, despite what was clearly a difficult summer.
Coral and Betfair continue to offer the best returns on a Corbyn premiership at 6/1, with both outfits still listing Johnson as favourite at 5/1.