Betting odds: Jacob Rees-Mogg second favourite to replace May as Tory leader - and he's in third place to be next Prime Minister

Caitlin Morrison
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Rees-Mogg is being touted as the potential next leader of the Tory party (Source: Getty)

Tory MP Jacob Rees-Mogg is second favourite to replace Theresa May as Conservative leader, according to betting odds aggregator BetData.

There is a 12 per cent likelihood the MP for North East Somerset will take over from May, behind Brexit secretary David Davis' 18 per cent likelihood, and ahead of Boris Johnson's eight per cent.

It was revealed over the weekend that Davis is the favourite among party members, with backing from 21 per cent of his Tory colleagues, well ahead of Rees-Mogg, who has six per cent.

Earlier this month, aggregator Oddschecker said the odds of Rees-Mogg taking the Tory party top spot had been slashed to 16/1.

Meanwhile, the father-of-six - who joined Twitter just one week ago - is now third favourite to be the next Prime Minister, according to BetData's figures.

David Davis is favourite for this position, with a 20 per cent implied likelihood of being the next UK leader, with Jeremy Corbyn in second place at 17 per cent.

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