WHO will become the next Tory party leader? Bookmaker Betway has refreshed its odds as the number of candidates climbed to eight.

Michael Gove is the latest MP to announce he will stand to replace Theresa May – who defeated him in the party’s last race just three years ago. Bookmaker Betway believes the Edinburgh-born politician is in with a chance of defeating hotly-tipped Brexiteer Boris Johnson.

The company’s Alan Alger said: “The Tory leadership race is taking shape, albeit with no fewer than eight candidates so far, and Michael Gove is the latest to throw his hat into the ring. Gove, previously at double-figure odds up until Sunday morning, is now a clear third in the betting at 5/1, behind Dominic Raab, 11/4, and 13/8 favourite Boris Johnson.

“Johnson has been eased out from evens in the wake of reports that he could attempt to push through a no-deal Brexit. One-time Remain supporter Rory Stewart has come for support over the last 24 hours too and is into 11/1 from 14/1.”

Odds of 12/1 are offered on Jeremy Hunt, and Andrea Leadsom is at 16/1. Matt Hancock, currently Health Secretary for England and Wales, is on 22/1.