Boris Johnson as new U.K. prime minister? Bookies are already increasing the odds

Boris Johnson as new U.K. prime minister?

After the disappointing showing for the Conservative Party in the U.K. exit poll, bookies are already raising the chances that the flamboyant foreign secretary will emerge as the next British leader after the general election.

Read:Pound tumbles as U.K. exit poll points to hung parliament: Live blog

Irish bookmaker Paddy Power puts his odds for taking over parliament at 7/1, implying a 13% chance he’ll replace Theresa May. Before the shocking exit poll Thursday night, his odds were at a longshot 50/1. In the bet on who will become the next Conservative leader after May, Johnson stands at 2/1, or a 33% probability.

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