General Election Betting Guide: How to Bet on the General Election

General Election Betting Guide: How to Bet on the General Election

The General Election will take place on July 4th, and here at oddschecker we have created a betting guide outlining the odds and betting markets.

The date has been confirmed, and the UK will now vote in a General Election on July 4th. Below, we will look at the current state of play from a betting perspective, as we look to the betting odds to guide us on what to expect in this summer's election.

Rishi Sunak will be looking for another term but Kier Starmer has been waiting in the wings since the last election, and with a lot of frustration growing over the Conservative leadership, there is every chance we see a new Prime Minister.

Can Labour secure a majority in the House? Will Rishi Sunak exit in 2024? There are many questions to answer, and the betting markets are an indicator of the general sentiment ahead of the summer's election.

Where to Bet on the General Election

Most bookmakers in the UK will not only take bets on the General Election but will form multiple markets, meaning you will have your pick of which operator to bet with.

Betfair Exchange will always be a huge driver of betting action during the General Election, but here are some of the top bookmakers taking action on the 2024 Election.

  • Betfred - Sign up today and you can bet £10, get £50 on the General Election
  • BetMGM - Sign up for a BetMGM account and secure £40 in free bets before the 2024 General Election
  • CopyBet - Bet £10, Get £50 in free bets when you bet on the General Election
  • bet365 - Bet £10, Get £30 in free bets when betting on the 2024 General Election

 

Latest Odds for Most Seats in the 2024 General Election

The UK is seemingly ready for a change, and after 14 years of Conservative leadership, the current odds indicate a Labour government is almost guaranteed from 2024.

The best price for Labour to secure the most seats in the 2024 General Election is 1/8, which suggests there is an 88.9% chance of Labour getting the most seats this year. Labour are as short as 1/40 in places, which indicates a 97.6% chance of emerging successful.

Currently, the Conservatives are as long as 14/1 to gain the most seats in the 2024 General Election, implying there is just a 6.7% chance of this happening.

Next Prime Minister Odds Outlook: Who is the Current Favourite to Lead After the General Election?

Keir Starmer is set to be the next Prime Minister, as he is best-priced at 1/9 to become the Prime Minister following the General Election.

Rishi Sunak is as long as 8/1 to be the Prime Minister beyond the 2024 General Election, which implies an 11.1% chance of staying in his role.

Odds for the Next Government After the 2024 General Election

It will be no surprise based on the odds above, to learn that the most likely outcome after the 2024 General Election is the next government being a Labour Majority.

At odds of just 1/7, you are not going to get rich any time soon betting on this outcome, but it does appear to be the most likely outcome.

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Best Betting Market for the General Election in 2024

Currently, it is not easy to make good money from the main betting markets, as the odds are hugely in Labour's favour.

Here are some more balanced betting markets, where there is still an opportunity to make good money on the General Election.

General Election Turnout Betting Odds

One of the big talking points ahead of the 2024 General Election is going to be the amount of people who turn out to vote.

The current betting for Voter Turnout favours 64.49% or under as the most likely outcome. This means we are expecting a lower turnout than we have seen in the past two General Elections. This is not surprising given the disillusion following the Brexit fallout.

In 2019 67.3% of the eligible voters cast their vote, while in 2017, 68.8% of voters came out to cast their ballot.

The current odds for 64.49% voter turnout are 2/5, while the over is set at 7/4.

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