Rishi Sunak is now odds-on at Betfred to be the next Conservative leader and take over from Boris Johnson as Prime Minister.

The former chancellor has been cut into 5/6 for the top job as the party’s MPs reach a critical fourth round of voting on Tuesday.

Early front-runner Penny Mordaunt’s campaign has stalled to such an extent that she lost a vote in the latest round and has drifted out to 9/2 at Betfred to be the next Tory leader.

Meanwhile, Foreign Secretary Liz Truss continues her surge to win a place in the final two alongside Sunak – a vital position to be in as there will be only two names on the final ballot which will go to the Tory membership nationwide, who will make their decision ahead of an announcement on September 5.

Truss is now 12/5 to be the next Conservative leader having picked up a further seven votes after Monday’s voting.

Straight-talking Kemi Badenoch has kept herself in the race and is now 16/1 for the top job having beaten Tom Tugendhat, who slipped out of the running at the third-round stage.

Badenoch picked up nine more votes yesterday while Sunak charged on ahead, wooing another 14 MPs.

Next Conservative Leader Betting Odds