Labour odds-on favourites to win majority at next general election

Ahead of today’s Budget announcement, please see below the latest odds surrounding the next general election, with Labour huge 1/4 favourites to win a majority.

The odds also suggest November is the most likely month for a general election to be held at 6/4, while the much talked May month is 7/2.

Betfair Exchange – Next General Election – Overall Majority

Labour Majority 1/4

No Overall Majority 6/1

Conservative Majority 16/1

Betfair Exchange – Next General Election – Most seats

Labour 1/7

Conservative 15/2

Reform UK 79/1

Lib Dems 879/1

Betfair Exchange – Next General Election – How many seats will the Conservatives lose?

No losses 169/1

1-50 seat losses 39/1

51-100 seat losses 25/1

101-150 seat losses 6/1

151-200 seat losses 13/5

201 or more seat losses 4/5

What month will the next General Election take place?

April 74/1

May 7/2

June 64/1

July 69/1

August 79/1

September 49/1

October 13/5

November 6/4

December 13/1

2025 or later 12/1

Betfair spokesperson Sam Rosbottom said: “It’s one-way traffic on the betting markets for the next General Election, a Labour majority has been backed into 1/4 despite Chancellor Jeremy Hunt’s announcement of a cut to national insurance.

“Punters are predicting what some Tory rebels have called ‘an annihilation’ at the next election, with 201 or more seat losses being heavily backed into 4/5.

“While some Labour commentators have called on Rishi Sunak to call an election in May, it’s still November that punters favour at 6/1. May has seen some backing though and isn’t too far off at 7/2.”