It was a week to remember for the Reform Party last week as Nigel Farage's party picked up numerous councils as well as an all-important by-election in Runcorn and Helsby.
As well as adding another member of parliament to the party in Sarah Pochin, Reform also won 677 of around 1,600 seats, many of which were held by Tory politicians.
On top of that, Reform is now in control of nine authorities, including Doncaster, Durham, Kent and Staffordshire. Greater Lincolnshire, and Hull and East Yorkshire also elected Reform mayors for the first time.
All of this has sent shockwaves throughout politics as Prime Minister Sir Kier Starmer continues to grapple with plunging popularity figures in a government that is less than a year old after wiping the floor with the Tories in the election of July 2024.
Despite a General Election not forecasted until 2029, the odds have significantly tightened, leaving almost nothing to choose between Labour and Reform as to who will get the most seats at the next election.
Labour won 411 of the 650 seats up for grabs in 2024 but as you will see from the odds below, that might not necessarily be the case once 2029 comes calling.
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Next General Election Odds: Some Bookmakers Put Labour and Reform Neck-and-Neck
While some bookmakers have Labour still as favourites, narrowly, to win the next General Election, some bookies do not see it that way.
In the most seats betting market, William Hill has both Labour and Reform at 6/4 to gain the most seats at the next election. Given Reform has just five seats currently, compared to 410 for Labour, that is some turnaround.
BetVictor also do the same, with both at the same odds at 6/4, with BetMGM going one step further.
The New Jersey-based operator actually has Reform with shorter odds to pick up the more seats in 2029, at 5/4, with Labour at 6/4.
That puts Reform at a 44% chance of winning the most seats at the next General Election.
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Bets on Farage's Reform Party Climb in Big Year
As expected, betslip clicks flowed on politics during a busy week of elections up and down the UK and the Reform Party was front and centre of the betting.
During the week of April 28-May 4, the Reform Party was the most popular betslip click across the whole of oddschecker. The Labour Party was second and Constitution Hill, which ran at Punchestown, was third.
In 2025, the Reform Party has received 58% of all bets on which party will receive the most amount of seats at the next General Election, as well as over double the amount of bets on Labour.
While the General Election is still over four years away, more elections will be taking place before then which should give us a greater indication of how the country is likely to vote in May 2029.
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