Labour are the clear 3/10 favourites to secure a majority in the next general election, which is 4/6 to take place in October-December next year.
Rishi Sunak is 1/5 to lead the Conservatives into the general election but he’s odds-on to be replaced in 2024, whilst Donald Trump is the 8/5 frontrunner to win the US Presidential Election next year.
Current President Joe Biden is the favourite to secure the Democratic nomination but faces a battle to win a second term in the Oval Office.
Betfair Exchange: Date of next UK General Election odds
2025 or later 13/1
Betfair Exchange: Overall majority next UK General Election
No Overall Majority 5/1
Betfair Exchange: Rishi Sunak to be Tory leader at next General Election
Betfair Exchange: Rishi Sunak to face no confidence vote before next General Election
Betfair Exchange: Year Rishi Sunak to be replaced as Tory leader
2025 or later 7/5
Betfair Exchange: Next Conservative Party leader
Kemi Badenoch 3/1
Penny Mordaunt 11/2
Suella Braverman 13/2
James Cleverly 9/1
Nigel Farage 27/1
David Cameron 33/1
Priti Patel 35/1
Bors Johnson 48/1
Betfair Exchange: 2024 US Presidential Election winner
Donal Trump 8/5
Joe Biden 12/5
Nikki Haley 10/1
Gavin Newsom 14/1
Robert F Kennedy Jr 25/1
Ron DeSantis 41/1
Betfair Exchange: Democratic Nominee
Joe Biden 4/11
Gavin Newsom 17/2
Michelle Obama 20/1
Kamala Harris 22/1
Betfair Exchange: Republican Nominee
Donald Trump 2/9
Nikki Haley 7/1
Ron DeSantis 26/1
Vivek Ramaswamy 60/1
Betfair spokesperson Sam Rosbottom said: “Politically 2024 is going to be huge with the UK facing a general election and the Presidential run-off in the US, and we’re already seeing the battle lines being drawn on both sides of the Atlantic.
“Rishi Sunak and his team face a key decision on timings to call an election, and though a vote in September-December is the 4/6 favourite, going to the polls in April-June is now just 3/1.
“It has been a challenging year for the Conservatives with Labour so far ahead in the polls and at 3/10 to secure an overall majority it appears the next election is Keir Starmer’s to lose.
“Rishi Sunak faces having to keep factions in the Tory party happy while still appealing to the public, but while he seems likely to remain in position going into the next election, he is odds-on to be replaced as leader by his party in 2024.
“Campaigning in America will really start to crank up from January with Donald Trump and Joe Biden favourites to secure their respective party nominations.
“The outcome of the US Presidential election is still hard to call though, although Trump is the 8/5 favourite to see off the Biden challenge and seal victory in November.”