After the latest cabinet reshuffle by the Conservative Party, the betting experts at SportsLens have decided to delve deeper into the UK general election odds and when a likely date for a trip to the polling stations might be.
- Labour heavy favourites to leave Tories ‘red-faced’ in next general election betting
- Back a Labour majority at 1/3 or the Reds to win 400+ seats at Evens
- Could we be heading to the polls in October 2024?
- Boris Johnson strongly fancied to make a return at next general election
Next UK General Election Odds and Politics Betting Specials
Win most seats:
- Labour 1/7
- Conservatives 9/2
- Any other 200/1
Overall majority:
- Labour majority 1/3
- Conservatives majority 12/1
- Any other majority 1000/1
- No overall majority 3/1
Total Labour Seats:
- Over 399.5 seats EVENS
- Under 399.5 seats 4/5
Total Conservative Seats:
- Over 175.5 seats 10/11
- Under 175.5 seats 10/11
Election date:
- Any date in 2023 100/1
- January-March 2024 20/1
- April-June 2024 7/2
- July-September 2024 7/1
- October 2024 6/4
- November 2024 5/1
- December 2024 5/1
- January 2025 14/1
Johnson/Blair Specials:
- Boris Johnson to stand for election: 2/9
- Tony Blair to stand for election: 4/1
UK General Election Odds Point To October 2024 Polling Date
Prime Minister Rishi Sunak can call a general election anytime between now and December 17th 2024.
This is because the 17th of December is exactly five years on since parliament met for the first time after the 2019 general election.
So, if left to the last-minute and Sunak makes the announcement on this date, it means it would have to take place 25 working days later and would fall into January 2025. Which is has been priced up in the SportsLens general election odds at 14/1.
However, it seems unlikely that the current Prime Minister will play his hand this late. With rumours around Westminster that an October 2024 General Election date is much more likely and priced accordingly as the 6/4 favourite in this market.
This would give Sunak and his current government just under a year to try and swing the polls that see the Tories well back in their two-horse election race with Labour.
Labour Huge Favourites To Win Most Seats and Gain Overall Majority
The SportsLens odds team also feel that if a general election was called now, it would be a landslide Labour win for Keir Starmer and his party.
The reds are just 1/7 to win the most seats and only 1/3 to be voted in with an overall majority, which would require 326 of the 650 seats to be red.
While there is even talk of Labour winning 400+ seats, which is priced up at just Evens.
In 2019, the Tories won with 365 seats. While back in 1997, Labour’s 418 seats won is the highest ever number recorded for a single party.
The Boris Johnson Odds Suggest Former PM Will Make A Return
The added sub-plot to the next general election is that it’s also widely tipped that former PM, Boris Johnson, will be trying to make a return to the limelight at just 2/9 to stand at the next election.
Johnson is expected to stand again for his old Uxbridge and South Ruislip seat. With MP Steve Tuckwell the Tory that was elected in Bojo’s place.
However, even if Boris does stand, the Uxbridge seat is also expected to be one that Labour will heavily target and recent polls suggest they hold a significant lead there. So even a Boris comeback might not be enough to turn things around in his old stomping ground.
Neil Roarty, Betting Expert at SportsLens, said: “In the crazy world of politics the bookmakers don’t always get it right – don’t forget it was big odds-on for the UK to remain in the EU and look how that panned out.”
“However, in more recent times the UK bookies have swotted up a lot more on their politics and election knowledge with wagering on these events now ‘a thing’ and all the leading betting sites now having dedicated sections for these markets.”
” The continued merry-go-round of personnel in the current Tory cabinet screams further desperation for Sunak and his team. As former PM David Cameron is the latest big name to be drafted in as Foreign Secretary to try and save the day before a potential general election.”
“No one is going to get rich backing Labour at 1/7 to win the most seats – which the polls suggest is a given – nor at the 1/3 on a Labour majority. But the Evens on offer on winning over 400 seats looks fair value with Labour fully tipped to be painting the town red at the next election.”
Note: Odds displayed are for entertainment purposes only
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