Jake is a Football and Entertainment betting expert, with a Man City season ticket and a deep knowledge of reality TV betting angles
- Labour are now 1/6 to win the most seats at the next General Election
- Conservatives drift out in the market to 4/1
- Two key by-elections set to take place in the UK next week
Labour are now 1/6 to win the most seats at the next General Election
Betting remains available on the outcome of the next General Election with bookmakers offering odds over who will win as once again it will be a race between Labour and Conservatives.
The Labour Party has been favourite for well over a year now and the odds have stayed that way with bookies putting Labour at 1/6 to win the most seats at the next General Election.
Sir Keir Starmer has led the way in opinion polls in recent months around being the next Prime Minister and if the bookies odds are correct then that will likely happen after the next General Election.
The next General Election is not required until January 2025 with UK General Elections having to be held no more than five years apart but we of course could see an early election called.
| Next UK General Election - Most Seats | Odds | Probability |
|---|---|---|
| Labour | 1/6 | 85.7% |
| Conservatives | 4/1 | 20.0% |
| Liberal Democrats | 100/1 | 1.0% |
| Reform UK | 250/1 | 0.4% |
| Green Party | 500/1 | 0.2% |
What the expert says...
Conservatives drift out in the market to 4/1
The latest betting odds sees the Conservative Party drift out to 4/1 to gain the most seats at the next General Election with Rishi Sunak seemingly struggling as Prime Minister.
Bookies now say there's a 20% chance of the Tories having the most seats at the next General Election with Labour dominance likely to happen.
The favourite outcome for the election is that there is a Labour Majority with odds of 2/5 with the next General Election expected to happen in October-December next year if the market is correct.
| When will the next General Election take place? | Odds | Probability |
|---|---|---|
| October-December 2024 | 4/9 | 69.2% |
| April-June 2024 | 7/2 | 22.2% |
| 2025 or Later | 8/1 | 11.1% |
| July-September 2024 | 10/1 | 9.1% |
| January-March 2025 | 16/1 | 5.9% |
Two key by-elections set to take place in the UK next week
Two big by-elections will take place in the UK next Thursday with seats up for grabs in Mid-Bedfordshire and Tamworth.
Nadine Dorries stood down from her seat in Mid-Bedfordshire and immediately went for Conservative leader Rishi Sunak saying he had whipped up 'a public frenzy against her'.
Tamworth's seat was left empty after Chris Pincher resigned after losing his appeal over an “egregious case of sexual misconduct” for drunkenly groping two men.
Odds for Mid-Bedfordshire have Labour as evens favourites, with Tamworth's odds even stronger for a Labour victory at odds of 1/5.
