General Election Betting Odds 2024: Who will be next in Number 10?

Labour are favourites to win the 2024 General Election

by admin

2 months ago 74

A General Election has been called for 4th July and as such, now is an excellent time to check out the very best free bet offers and general election betting odds which you can find when registering a new account with any of our featured UK betting sites using the links on this page.

General Election Betting Odds 2024: Who will be next in Number 10?

Rishi Sunak announced two months ago that there will be a general election on 4th July 2024 and Keir Starmer is firm favourite to replace the current PM in 10 Downing Street.

Update: 01.07.24

The 2024 UK general election will take place in just three days’ time and the polls suggest a landslide victory for the Labour Party, however will there be some surprises in store on Thursday?

Decent account

Rishi Sunak has given a decent account of himself in recent weeks, however the Conservative leader is facing a hefty defeat at the polls on Thursday. The Tories are way behind Labour in the opinion polls as we edge ever closer to the general election and while Sunak has said that he will still be Prime Minister on Friday, the chances are that he won’t.

Opinion poll lead

Labour have enjoyed an opinion poll lead of 20% over the Conservative party throughout the campaigning and this is unchanged as we close in on the election. Labour stand at 40% in the polls, while the Tories are on 20%, Reform UK not too far behind at 17% and Lib Dems in fourth position at 13%. Indeed, the betting markets go best odds of 80/1 on Reform UK winning most seats at the 2024 General Election (lowest odds 25/1) while the Conservative Party are some distance behind at a best price of 125/1 (lowest odds 25/1). Labour are best odds of 1/66 to win most seats on Thursday.

SNP set to lose grip in Scotland

North of the border, there seems every chance that SNP will lose their grip on Scotland. Labour are huge favourites at 2/9 to win most seats in Scotland while the Scottish National Party are out at 10/3, hardly a surprise given their recent controversies. Conservatives are 25/1 to win most seats north of the border while Lib Dems are 33/1 in this market.

Overall majority

The likelihood is that Labour will win an overall majority on July 4th at 1/25, while the leading bookmakers go a best price of 20/1 that there will be no overall majority and 100/1 that there will be a Reform UK overall majority.

Overall Majority

1/25 – Labour

20/1 – No Majority

100/1 – Reform UK Majority

125/1 – Conservative Majority

Most Seats at General Election Best Odds

1/66 – Labour

80/1 – Reform UK

125/1 – Conservatives

500/1 – Liberal Democrats

Most Seats in Scotland

2/9 – Labour

10/3 – SNP

33/1 – Conservatives

50/1 – Liberal Democrats

Update: 13.06.24

Prime Minister Rishi Sunak has just released the Tory manifesto but what implications does it have for the chances of the Conservatives in the general election on July 4th?

Clear Plan

Rishi Sunak unveiled the Conservative manifesto earlier this week and it outlines the policies that the Tories would implement should they cause a shock at the polling stations and win the general election. Sunak is desperate to turn the tide on what has been a huge increase in support for the Labour party over recent months and the manifesto carried the slogan ‘Clear Plan, Bold Action, Secure Future’.

Other Changes

The Conservatives have also outlined other changes they would make were they to remain in power, such as implementing national service, taking 2p off National Insurance, increasing nursing staff at the NHS and boosting spending on defence. With the Labour party on the verge of winning one of the biggest majorities in recent years, is the Tory manifesto helping Sunak’s chances on July 4th?

Deaf Ears

All things considered, the manifesto appears to have made little impact on the chances of the Conservatives remaining in power next month and they remain priced at best odds of 66/1 to win an overall majority, a perceived chance of just 1.5%. Labour are a 1/16 chance to win a majority and as such, it appears as though the promises outlined in the Tory manifesto have fallen very much on deaf ears.

Overall Majority

1/16 – Labour

14/1 – No Majority

66/1 – Conservative Majority

250/1 – Reform UK Majority

Most Seats at General Election Best Odds

1/50 – Labour

33/1 – Conservative

100/1 – Reform UK

500/1 – Liberal Democrats

Government after General Election Best Odds

1/16 – Labour Majority

33/1 – Labour Minority

33/1 – Labour-Lib Dem-SNP-Green Coalition

40/1 – Labour-Lib Dem Coalition

66/1 – Conservative Majority

80/1 – Conservative Minority

100/1 – Labour-Lib Dem-Green Coalition

100/1 – Conservative-Reform UK Coalition

250/1 – Labour-Lib Dem-SNP Coalition

23.05.24

General election is just six weeks’ time

Rishi Sunak has decided upon a general election which will take place in just six weeks’ time, the PM stating that he is “doing what is right for our country”. Sunak made it clear that he has been successful in tackling immigration, which is falling despite what the media are saying, while he reiterated his intention to ensure that smoking becomes a thing of the past in the years ahead.

Massive favourite to become the next Prime Minister

Nevertheless, it appears that the country are looking for a change in government and for that reason, Keir Starmer is massive favourite to become the next Prime Minister of the UK at a best price of just 1/9 (lowest odds 1/50). Throughout yesterday, the leading UK bookmakers had been busy slashing the odds on there being a general election between July and September and the response from 10 Downing Street was that there would be one in the second half of 2024, something which the government had committed to.

Closed betting on a 2024 exit date for the Prime Minister

The bookies have closed the betting on a 2024 exit date for the Prime Minister with Rishi Sunak out at 8/1 to retain his position (an implied chance of just under 13%).

Next Prime Minister Best Odds

1/9 – Keir Starmer

8/1 – Rishi Sunak

25/1 – Penny Mordaunt

Most Seats at General Election Best Odds

1/8 – Labour

14/1 – Conservative

150/1 – Reform UK

500/1 – Liberal Democrats

Government after General Election Best Odds

1/6 – Labour Majority

14/1 – Labour Minority