UK Elections Betting Guide & Odds

The official date for the next UK Elections might not be close (not before the 2nd of May 2024) but that does not mean bookmakers worldwide don’t provide markets for this major political event. Boris Johnson is leaving the office and Keir Starmer is the number one nominee for the next Prime Minister seat with Rishi Sunak being his rivalry. What do punters need to make a profit from the UK Elections? A political bettng guide that provides the best General Elections betting sites, the highest odds, and the main markets. 

Best UK Elections betting sites

Right below, you can view a shortlist of the best political betting sites. The selection is based on the odds, variety of markets, and the number of political events these bookmakers offer.

Most popular markets for UK Elections

The most prestigious betting sites provide a wide variety of markets. From who will be the next Prime Minister to which party will win the most seats, players have plenty of choices in the UK Elections betting “field”.

Most seats: This is one of the most popular betting markets. This is betting on the winner. That does not necessarily mean a party will win enough seats to form a government but to win more seats than any other. 

Overall Majority / No Majority: Punters can wager on the winning party’s majority. A single party must win over half of the seats to form a government. In the UK, there are 650 seats right now. Bettors can also bet on no overall majority. 

Total Seats: This market may be found as Over/Under. Players can bet on the exact number of seats to be won by a party. Bet on conservatives to win over/under 375,5 seats or ranges, e.g., a party to win 250-275, 275-300 seats, etc.

Local Seat: Closer to the election dates, punters will have the opportunity to bet on which party will win any of the 650 seats. 

Turnout Percentage: Bettors can wager on the percentage of the voting adult population. This can be rounded up as a range (65.01% - 70% or more) or equal odds (2-way over/under) market (over/under 63,5% at odds of 5/6).

Special Bets: There are many special bets you can place, primarily as the general election approaches. These include betting on individual MPs to resign, betting on seats/majority in the UK’s different nations, etc. 

Next Party Leader: Bettors have the opportunity to wager on who will be the next party leader. Ed Davey is the favorite nominee with the democratic nominee odds at 1.14 and the next conservative leader odds at 3.50 with Rishi Sunak to be the number one nominee. 

Over/Under (2-way): Many of the markets listed above are also available in an over/under format and it gives players the chance to bet high/low with reasonably equivalent odds. Conservatives to win over 350,5 seats or the Labour Party to be under a 63,5% voter turnout. 

Betting odds  in the UK Elections

The political betting market is not steady. The most significant example is that Boris Johnson’s exiting odds before the official general election date (2024) is now rated less than 50% at 1.40 (2/5). On the contrary, Johnson’s prices to stay on his duty until 2024 are on 2.04 (26/25). A 2020 possible election date is at 7.80 (34/5) and Johnson is rated 64% likely to be in post two years from now, in July 2022, at odds of 1.53 (8/15).

The government’s management of the COVID crisis is disparaged all around the world. Less than a third of the public approves of the measures Johnson has been taken. The Dominic Cummings lockdown scandal has inflamed two problems. First, it lavished much public goodwill, and second, it aggravated the media who were already overthrowing over their treatment. 

Conservative Party, also known as Tories, may have fallen from the sky deemed extraordinary during that peak period, but they are still leading by up to 8% in the latest polls. Considering how nasty the news cycle has been, they will be emboldened. The rooted breakdown has hardened since Brexit persists. 

*The odds above are based on the August 2020 polls. 

Complete list of UK Elections Bookmakers