David Cameron's surprise announcement that he won't serve a third term left political punters unimpressed, according to Ladbrokes.

The current odds suggest he is odds-on to leave Downing Street in 2015, with the latest election betting showing the result on a knife edge and a Tory majority unlikely. The bookies make a 2017 departure more likely (4/1) than the Prime Minister's preferred schedule of 2020 (5/1).

Cameron's nomination of George Osborne, Theresa May and Boris Johnson as potential successors came as no shock, given that those three already head the betting in the next Tory leader odds.

Matthew Shaddick of Ladbrokes said:

"The Prime Minister is welcome to pop into one of our shops and take the 5/1 about a graceful exit in 2020 if he likes. As for his tips for next leader, it looks like he must have checked our odds beforehand."

Ladbrokes' latest odds

When will Cameron leave the post of PM?

David Cameron by Zatisu (CC BY-SA 4.0)

By Zatisu (CC BY-SA 4.0)

  • 5/6  2015
  • 12/1 2016
  • 4/1  2017
  • 12/1 2018
  • 20/1 2019
  • 5/1  2020
  • 20/1 2021 or later

Next Tory Leader

  • 5/2 Boris Johnson
  • 4/1 Theresa May
  • 7/1 George Osborne
  • 10/1 Sajid Javid
  • 12/1 Philip Hammond
  • 14/1 Michael Gove
  • 25/1 Owen Paterson
  • 33/1 David Davis
  • 33/1 Liam Fox
  • 33/1 Grant Shapps

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