General election odds: Latest betting as David Cameron returns as Tory minister
Here are the bookies' latest odds following David Cameron's return to British politics.
Bookies are reporting an uptick in political betting following David Cameron's return to British politics
Suella Braverman still has surprisingly good chances of becoming the next Tory leader, despite sacking
Bets are also on for Nigel Farage to take the role, despite leaving the Conservative Party decades ago
No one saw David Cameron's return to British politics coming, with his appointment as foreign secretary on Monday leaving the Conservative Party sharply divided.
Prime minister Rishi Sunak made the former leader one of his most powerful ministers as part of a Cabinet reshuffle, which has already sparked backlash from many right-wing Tories.
The move came as Sunak fired home secretary Suella Braverman after she accused London's Metropolitan Police of political bias over pro-Palestine protests and said rough sleeping was a 'lifestyle choice'.
Former foreign secretary James Cleverly took Braverman's old job, leaving a vacancy for Cameron, who resigned as an MP in 2016 after Britain voted to leave the European Union in a referendum he called.
Despite campaigning for Remain, Cameron now says he wants to make Brexit a "success", but many Tories, including former Brexit minister David Frost, claim his appointment is taking the party "back to the past".
Many backbenchers on the right are also disappointed to see Braverman go - viewing her sacking as a departure from true conservatism, with at least one Tory MP already submitting a letter of no confidence in Sunak.
With such seismic events unfolding in the party, bookies are reporting an uptick in people placing bets on UK politics, with some surprisingly favourable odds of Braverman making a comeback.
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Here, Yahoo News shows you the latest UK political betting odds following David Cameron's return to Cabinet.
Odds for next Conservative Party leader
Business and trade secretary Kemi Badenoch is currently the favourite to become next Tory leader with odds of 7/2, according to Betfred.
Perhaps more surprisingly, Braverman's odds of 5/1 didn't change even after she was sacked, which may be an indicator of her support among the party membership and backbenches.
David Cameron has odds of 20/1, while in a surprise turn, Brexiteer and Reform UK founder Nigel Farage - who is preparing to appear on 'I'm a Celebrity!' - has a chance of 33/1, despite having not been in the Tory party since 1992.
Kemi Badenoch - 7/2
James Cleverly - 9/2
Suella Braverman - 5/1
Penny Mordaunt - 6/1
David Cameron - 20/1
Nigel Farage - 33/1
Odds for next prime minister
Labour leader Sir Keir Starmer currently has the highest chance of becoming the next prime minister after Sunak, according to Betfred, coming in with odds of 1/6.
It's not looking good for the current PM, with a 4/5 chance he'll cease to be leader in 2024, and evens for 2025 or later.
Keir Starmer - 1/6
Kemi Badenoch - 25/1
Suella Braverman - 25/1
James Cleverly - 33/1
Penny Mordaunt - 33/1
David Cameron - 33/1
Nigel Farage - 50/1
Odds for next General Election winner
With the Conservative Party taking a reputational beating in recent years following the Partygate scandal, chaotic leadership changes and its handling of the cost of living crisis, its prospects of winning the next General Election are looking slim.
Most seats
Labour - 1/8
Conservatives - 11/2
Reform UK - 100/1
Liberal Democrats - 150/1
Green Party - 500/1
Overall Majority
Labour - 2/7
No overall majority - 4/1
Conservatives - 10/1
Liberal Democrats - 750/1
'Huge upsurge' in political betting since Cameron's shock return
Bookies have already seen an uptick in bets since David Cameron's return, which is likely to create further ripples in UK politics.
A Betfred spokesperson told Yahoo News: "We've had a huge upsurge in the 24 hours after that announcement.
"For Cameron, we've had at least one £100 bet in London - where most of the political betting goes on - and loads and loads of fivers and tenners.
"The biggest mover we've had is Cleverly, who's positioned himself quite nicely as second favourite."
He added that while Braverman's odds remaining the same might seem surprising, her image as "darling of the right" might give her some leverage in a future political battle.