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General Election Betting Odds - Live Updates following Theresa May's call for a UK General Election

  • Theresa May calls for General Election to be held on June 8.
  • Ladbrokes 1/10 that Conservatives win 
  • Get up to £200 matched when you deposit £200 to bet on the election at bet365

Key events
13:29 25 Apr

Sir Kier Starmer Second Favourite For Labour Leadership Role Should Corbyn Go

11:46 20 Apr

Bookmakers Predict Record Low Turnout for 2017 General Election

21:30 19 Apr

Bet On Politics Guide to the 2017 General Election

16:35 19 Apr

General Election Market Moves: Tories being backed despite short odds

11:18 19 Apr

General Election Betting Analysis: Betfair's Experts Explain What Will Happen

10:18 19 Apr

Next Labour Party Leader Betting: Gamble on Keir Starmer to replace Jeremy Corbyn

18:59 18 Apr

bet365 offering up to £200 matched bet on 2017 General Election: 100% Deposit Bonus up to £200

18:34 18 Apr

House of Commons Confirms Parliamentary Vote on General Election

18:29 18 Apr

UKIP to stand in "Every Constituency in England and Wales"

15:30 18 Apr

Deutsche Bank Releases Statement on General Election

15:07 18 Apr

Communication Workers Union pledges support to Jeremy Corbyn

15:00 18 Apr

POLL: Is Theresa May correct to call at General Election?

14:32 18 Apr

Over 1000 People Join Labour Following Election Announcement

13:45 18 Apr

SNP also determined to fight Theresa May at the Polls

13:43 18 Apr

Plaid Cymru ready for General Election

13:39 18 Apr

Tim Farron ready for General Election

13:37 18 Apr

YouGov Poll: Westminster Voting Intention Revealed

13:34 18 Apr

Betfair Betting Exchange Markets Burst into Life: In the Know Punters Get Ready for Election Trading

13:31 18 Apr

Lord Ashcroft responds to General Election call with Corbyn dig

12:32 18 Apr

William Hill cut Conservatives from 8/13 to 2/9 to win General Election

12:07 18 Apr

Jeremy Corbyn welcomes Theresa May’s call for General Election

11:46 18 Apr

Paddy Power release General Election Betting Odds: 1/10 Conservatives win & 1/7 Overall Majority

11:43 18 Apr

Strathclyde University Politics Professor says Conservatives Not as Strong as Polls Suggest

11:41 18 Apr

Theresa May explains reasons for General Election

11:28 18 Apr

Ladbrokes General Election Odds: 1/10 to take place on June 8 & 1/10 Conservatives Win

11:26 18 Apr

WATCH: Theresa May announces call for General Election

Live blog

13:29 25 Apr

Sir Kier Starmer Second Favourite For Labour Leadership Role Should Corbyn Go

 Following his speech saying that Labour could scupper the government’s ‘Hard Brexit’ proposal Sir Kier Starmer is the 4/1 second favourite with William Hill to be the next Labour leader after Jeremy Corbyn, behind just Yvette Cooper in the betting (7/2).
 
It looks as though a leadership contest could be just around the corner with Hills offering just 4/7 that Jeremy Corbyn is no longer the Labour leader on 9th June.
 
“The posturing has already begun from those who have designs on Mr Corbyn’s job and should there be a leadership contest in the near future, we think Kier Starmer will be chucking his hat into the ring,” said William Hill spokesman Joe Crilly.
 
Next permanent Labour Leader after Jeremy Corbyn: 7/2 Yvette Cooper; 4/1 Kier Starmer; 7/1 Clive Lewis; 12/1 Dan Jarvis; 12/1 David Miliband; 14/1 Lisa Nandy; 14/1 Rebecca Long Bailey; 16/1 Chuka Umunna; 20/1 BAR
 
Will Jeremy Corbyn still be Labour leader on 23:00 9th June: 4/7 no; 5/4 yes
11:46 20 Apr

Bookmakers Predict Record Low Turnout for 2017 General Election

William Hill are predicting that this June’s General Election could see betting turnover upwards of £15m in stark contrast to the apathy that has greeted Theresa May’s announcement.
 
It is just 2/1 that voter turnout is the lowest since the Second World War (less than the 59.4% 2001).
 
“The reaction up and down the country has been similar to that of Brenda from Bristol and it is a very short price that voter turnout is the lowest in 77 years,” said William Hill spokesman Joe Crilly. 

“That said, turnover could once again break political betting records. The Tories are such a short price that it would be no surprise to see some big political punters come out to play over the course of the next seven weeks.”
 
With Theresa May refusing to take part in a live TV debate, Hills are offering 2/1 that she performs a U turn and does in fact appear on one.
 
UK General Election betting: 1/6 Conservative majority; 5/1 no overall majority; 16/1 Labour majority; 25/1 Liberal Democrat majority; 100/1 UKIP majority
 
General Election turnout: 10/11 63% and over; 10/11 under 63%
 
General Election turnout to be lowest since WWII: 4/11 59.4% or more; 2/1 lower than 59.4%
(lowest turnout was 59.4% in 2001)
 
Will Theresa May take part in a live TV leadership debate: 4/11 no; 2/1 yes
21:30 19 Apr

Bet On Politics Guide to the 2017 General Election

BetOnPolitics.co.uk have put together a full guide to betting on the 2017 General Election, containing all of the information you need to know about the proposed June 8th election. Read the Bet On Politics General Election betting guide.
16:35 19 Apr

General Election Market Moves: Tories being backed despite short odds

Ladbrokes have revealed the betting in the 24 hours since Theresa May called for a General Election and it is the Tories that the public are backing to win the public vote, 

The Conservatives have been backed in to 1/16 for Most Seats following sustained support despite the short odds on offer. Labour have consequently drifted out to 10/1.

Ldbrokes  make it 5/6 the Tories notch up over 375.5 seats on June 8th.

Following PMQs on Wednesday Yvette Cooper has emerged as the new second favourite to become the next permanent leader of the Labour party, seeing her odds slashed into 10/1 from 16/1.

UKIP is odds-on to win zero seats at the General Election. It is 7/4 they win at least one. 

Jessica Bridge of Ladbrokes told Bettingpro: 

"Barely 24 hours has passed and General Election betting is booming. The odds are heavily in favour of a Tory 'bluewash', but that hasn't deterred punters from placing their money on anything other than a convincing win for Theresa May."
Ladbrokes latest betting - General Election 2017

Most Seats
Conservatives 1/16
Labour 10/1
Liberal Democrats 25/1
UKIP 100/1
Greens 200/1

Majority betting
Conservative majority 1/6
Labour majority 20/1
Liberal Democrat majority 66/1
UKIP majority 100/1
No overall majority 5/1

Specials
UKIP to win 0 seats 2/5
UKIP to win at least 1 seat 7/4
UKIP to win more votes than Labour 5/1
Lib Dems to win more votes than Labour 7/2
Labour to win more votes than Lib Dems 1/5
Women's Equality Party to win a seat 50/1

Conservative seats
Over 375.5 5/6
Under 375.5 5/6

Labour seats
Over 171.5 5/6
Under 171/5 5/6

Lib Dem seats
Over 28.5 5/6
Under 28.5 5/6

Labour seat bands
Under 100 7/1
100-149 3/1
150-199 13/8
200-249 4/1
250-299 10/1
300-349 16/1
350-399 25/1
400+ 100/1

Lib Dem seat bands
Under 10 7/1
10-19 7/2
20-29 3/1
30-39 9/2
40-49 7/1
50+ 7/2

11:18 19 Apr

General Election Betting Analysis: Betfair's Experts Explain What Will Happen

The below article was taken from the betting.betfair blog.

"If Labour win, opinion polling can be officially pronounced dead. It won't happen. The best they can realistically hope for is to cut the deficit, avoid losing too many seats and hope the Lib Dems restrict the Tory majority."

During the 20th century, political scientists referred to UK Conservatives as the most successful political party in the Western world. Their secret was an ability to move with the times and adapt to a changing electorate. When a core policy became unpopular, they would drop it. While their rivals tore themselves apart over ideology, the Tories simply reinvented themselves when required.

Two decades ago, with the party split down the middle over EU membership and out of touch with modern, socially liberal norms, that narrative appeared dated. With spectacularly bad timing, Geoffrey Wheatcroft released his book, "The Strange Death of Tory England' in 2005, just as David Cameron was about to become leader.

Yesterday, when Theresa May shocked the nation by calling an early election, the overwhelming consensus was that the Tories are back in total control of British politics and on the verge of emulating their greatest victories of last century.

Brexit benefits Tories, decimates Labour
Once again, the key is their changed response to the issue that now transcends all others. The party that took the UK into the EU; that signed the Single European Act and Maastricht Treaties; whose PM led the campaign to stay in the EU and whose replacement was also a Remainer are now very much the Brexit Party. Perfect, for an election which will be dominated by that single topic.

While Labour immediately descended into confusion and civil war after the referendum, the Tories offered a clear message and competent candidate. No ifs, no buts, May would respect the result and push through Brexit. The reward seems certain to be a mandate for the new PM to pursue whatever Brexit she wants, thanks to an increased majority in Parliament.

The message from Betfair markets couldn't be clearer. The Tories are 1.08 (93%) to win Most Seats and 1.23 to win another Overall Majority. While the former odds are prohibitive, this is actually a great way to make 8% profit minus commission in just six weeks. There is simply no rational argument to oppose them.

Consider the basic numbers. After the 2015 election, the Tories had 98 more seats than Labour. Prior to that 7% victory margin, most expected a near dead-heat. Two years on, the Tories are polling around 20% ahead. They made history in Copeland recently, becoming the first governing party to gain a seat in nearly 40 years. When it comes to 'Best PM', May consistently leads Jeremy Corbyn by over 30%.

Many will doubtless point to the polling and market failures of 2015 and 2016. Few foresaw a Tory majority, let alone Donald Trump becoming US President. Brexit was a big-priced outsider on polling day. If the numbers were wrong then, why not now about Corbyn's Labour?

This often repeated argument is bogus. The polls were around 5-7% wrong at the 2015 election. Much less for Trump or Brexit. Moreover in each case the numbers overstated liberal opinion and turnout. Conservative voters are older on average and vote reliably and consistently. Liberals tend to be younger and less likely to be even registered, let alone vote.

If Labour win, opinion polling can be officially pronounced dead. It won't happen. The best they can realistically hope for is to cut the deficit, avoid losing too many seats and hope the Lib Dems restrict the Tory majority by winning their own marginals.

Rather than taking on such rock-solid favourites, the task for bettors over the next six weeks is to make sense of the re-alignment in British opinion, it's implications in specific constituencies and the effect on each party's seat totals. To what extent the demise of UKIP and toxicity of Corbyn changes the numbers, as they did in Copeland. We will be examining precisely such questions on these pages.

Nevertheless, one should always be prepared to think the unthinkable in betting. By playing devils' advocate, we can at least consider what could go wrong for the Tories. There's nothing to suggest it in the poll numbers but that, of course, could change during the heat and light of an election campaign.

The case against an overwhelming Tory win
First, never underestimate the importance of the media's drive for ratings. They have six weeks to report on an election where nobody without a partisan view thinks the result is in question. After years of hammering Corbyn on an hourly basis, the Tories may finally be scrutinised properly. The failure and growing unpopularity of austerity; their total failure to meet targets on immigration or the deficit; the emergency condition of the NHS. The lack of detail around Brexit.

Weeks of that could take the shine off Mrs May's image. So, already, has the decision to call the election. The immediate reaction on call-in shows was "Why"? Few can see a genuine need for an early election, other than simply to serve the interests of the Tory party. We will be constantly reminded that she has gone back on her repeated word to not hold one.

Political honeymoons are short. This makes her look less the competent national leader than just another opportunist who breaks promises. Voters see through such calculations nowadays and have never been more inclined towards a protest vote. Many will be annoyed or irritated by yet another election and could abstain.

Indeed, May could do without constant speculation about her motives. It is already assumed that she wanted to capitalise on spectacular polls that may prove short-lived, getting her own mandate before Brexit has a chance to go wrong. Others might speculate that the election was called early before police charges were brought over electoral fraud in up to 20 constituencies. How the race pans out in those seats, especially South Thanet if Nigel Farage runs again, demands close attention.
We also must consider the possibility for Labour and particularly the Lib Dems' overperforming expectations. When you're faring as badly as Corbyn, the only way is up. The campaign gives him a very rare chance to speak directly to the country, rather than via a hostile media outlet (all of them). What if he surprises and connects? Again, the modern voter will not need much convincing that the media is biased.

However these are just talking points that may or may not affect the campaign. The starting position is crystal clear. The 52% that voted for Brexit regret nothing and are militantly opposed to anyone who vaguely sounds like quibbling with the result.

May's only rivals for that 52% are UKIP, whose sole MP has quit and whose share looks set to disintegrate. In contrast, the 48% are split between three or four parties, with big regional distinctions. Until some actual evidence of a change in these basic truths emerges, we must assume the Tories are on course for an historic, overwhelming victory.
10:18 19 Apr

Next Labour Party Leader Betting: Gamble on Keir Starmer to replace Jeremy Corbyn

Keir Starmer is the clear favourite to replace Jeremy Corbyn at the helm of the Labour party with Ladbrokes.

With Corbyn's position looking untenable now that a General Election is on the cards, the firm has seen money pour in for the Holborn and St Pancras MP to become the next leader at 5/1.

Former front runner Clive Lewis subsequently sees his odds drift out to 8/1 in the betting, whilst Dan Jarvis is chalked up at 12/1.

Punters have also been backing David Miliband which has forced his odds to tumble into 16/1, and the same price is on offer for Lisa Nandy, Angela Rayner and Rebecca Long-Bailey.

Jessica Bridge of Ladbrokes told Bettingpro: 

"It's a case of when and not if Corbyn goes this year, and savvy political punters are already wagering hefty sums on Starmer being the right candidate to replace him."

Ladbrokes latest betting

Jeremy Corbyn to be replaced as leader of the Labour party before the end of 2017  1/5

Next permanent leader of the Labour party
Keir Starmer 5/1
Clive Lewis 8/1
Dan Jarvis 12/1
David Miliband 16/1
Yvette Cooper 16/1
Lisa Nandy 16/1
Angela Rayner 16/1
Rebecca Long-Bailey 16/1
Chuka Umunna 20/1
John McDonnell 20/1
Emily Thornberry 20/1
25/1 bar

18:59 18 Apr

bet365 offering up to £200 matched bet on 2017 General Election: 100% Deposit Bonus up to £200

Bet365 have released their 2017 General Election odds and make the Conservatives 1/12 to win the next General Election. 

Labour backers can get odds of 7/1 on Jeremy Corbyn leading his party to victory but it seems almost certain that it will be the Tories, and perhaps by an even greater majority than the last time.

Bet365 are also giving new customers a 100% matched deposit of up to £200 and shrewd punters will be taking advantage to lock in some profits on the 2017 General Election.

If you deposit £200 at bet365, you get £200 instantly. Bet your new £400 balance on the Tories at 1/12 = £433 return. That's your original £200, your £200 bonus funds (which are returned to you unlike in free bets with other firms) and £33 profit.

Click the odds below to sign-up and take advantage of the offer.
Go to bet365 > Specials > UK Election Betting
18:34 18 Apr

House of Commons Confirms Parliamentary Vote on General Election

18:29 18 Apr

UKIP to stand in "Every Constituency in England and Wales"

UKIP's Neil Hamilton, the former Tory Minister, tells spoke to BBC Wiltshere following the call for a General Election and said that the party "will have a candidate in every constituency" across England and Wales,

15:07 18 Apr

Communication Workers Union pledges support to Jeremy Corbyn

In an unsurprising move the Communication Workers Union has backed Jeremy Corbyn for the 2017 General Election and urged its members to do the same.

CWU general secretary Dave Ward said: "We need a new deal for workers and a country that is run for the millions not the millionaires - this is what we have got to fight for. 

"This is also why we have got to get behind Labour and Jeremy Corbyn."
15:00 18 Apr

POLL: Is Theresa May correct to call at General Election?

This should be interesting....


14:32 18 Apr

Over 1000 People Join Labour Following Election Announcement

Jeremy Corbyn has given an official welcome to the 1000 new members of the Labour party who have joined in the hours following Theresa May's call for a General Election. Hope for an upset yet?


13:45 18 Apr

SNP also determined to fight Theresa May at the Polls

SNP leader Nicola Sturgeon has urged to stand up for Scotland in the General Election and says that she is looking forward to leading the campaign.

"This election will be about the kind of country we want Scotland to be, and whether we want the Tories to have a free hand in determining that, or whether we make sure we stand up for Scotland's public services, for public spending against further Tory austerity.

"These are the issues that will be to the fore in this campaign, and I look forward to leading a campaign on them."
13:43 18 Apr

Plaid Cymru ready for General Election

Plaid Cymru leader Leanne Wood has said her party will contest every seat in the 2017 General Election and "make sure Wales has a stronger voice than ever before":

"Plaid Cymru is united and we're up for the opportunity to advocate for Wales' best interests. The more Plaid Cymru MPs, the stronger Wales' voice will be. The official opposition is divided and unable to agree a position on the most important of decisions.

"Plaid Cymru in Westminster will stand up for our interests and make sure the decisions being taken now are made with future generations in mind, and not to cynically appease the extreme right wing of the Tory party.

"Plaid Cymru will provide real opposition to the Tories. The party of Wales will contest every seat in June to make sure Wales has a stronger voice than ever before."
13:39 18 Apr

Tim Farron ready for General Election

Liberal Democrat leader Tim Farron has welcome the General Election call and has told the public that "this is your chance to change the directon of your country".


13:37 18 Apr

YouGov Poll: Westminster Voting Intention Revealed

13:34 18 Apr

Betfair Betting Exchange Markets Burst into Life: In the Know Punters Get Ready for Election Trading

To open an account at Betfair and trade on the General Election result, click here >>Betfair Bet £10 Get £30 Free

Theresa May this morning announced that she would be seeking approval from Parliament for an Election on June 8, in a bid to end the 'political game playing' from opposition parties.

Betfair spokeswoman, Naomi Totten said: "The Conservatives had already been the clear favourite to win both Most Seats and an Overall Majority in the next General Election and their odds have further shortened and now have around a 90% chance of both following Theresa May's statement that she would seek a June 8 date."

"Meanwhile Jeremy Corbyn's chances of still being Labour leader for the next General Election are now 1/50. His odds of leaving before an election were matched at a low of 1/50 after he was announced as leader, and punters assumed voters wouldn't be going to polls until 2020."

Earlier today, the Exchange market on Year of Next General Election burst into life when it emerged the Prime Minister would be making the announcement and as the time neared, it all pointed to an Election being confirmed for this year, with '2017' backed in from around 5.50 to 1.05.

The 2015 General Election traded £28m across all markets and, since then, political betting records have been smashed by first Brexit, with £127m, and then the US Election, with £200m.
 
General Election 2017 - Exchange Odds

UK Next General Election – Overall Majority

Conservative Majority 1.16 (2/13)
No Overall Majority 6.8 (6/1)
Labour Majority 20 (19/1)
Any Other Majority 46 (45/1)

UK Next General Election – Most Seats

Conservative 1.11 (1/9)
Labour 12 (11/1)
Lib Dems 50 (49/1)
UKIP 200 (199/1)
Any Other 300 (299/1)

Party Leaders – Corbyn To Go Before Next General Election?

Yes 5 (4/1)
No 1.02 (1/50)
13:31 18 Apr

Lord Ashcroft responds to General Election call with Corbyn dig

Former Conservative chairman Lord Ashcroft has responded to the call for a General Election with an unsurprising dig at labour leader Jeremy Corbyn.


12:32 18 Apr

William Hill cut Conservatives from 8/13 to 2/9 to win General Election

The Conservatives have been slashed from 8/13 to 2/9 (87% chance) by William Hill to win the next General Election with an overall majority. 

Hills make Labour 14/1 to win the election and make a Hung Parliament (no overall majority) a 4/1 (20%) chance.

But the bookies reckon the future looks bleak for Jeremy Corbyn and William Hill offer 1/2 (66% chance) that he will cease to be Labour leader on or before June 9, 2017 and 6/4 that he will still be leader on June 10, 2017.

Hill's spokesman Graham Sharpe told Bettingpro:

'The next General Election campaign has started badly for us – we face a £23,000 loss if the Election does go ahead on June 8 after the odds for a 2017 Election were shortened from 5/1 to 2/1. We took some £3million on the last General Election, and £5m on the US Election, so we anticipate huge betting interest on a June 8 General Election' 

NEXT GENERAL ELECTION: 2/9 Tory overall majority; 4/1 Hung Parliament; 14/1 Labour overall maj; 25/1 Lib Dem overall maj; 150/1 Ukip overall maj.

12:07 18 Apr

Jeremy Corbyn welcomes Theresa May’s call for General Election

Mr Corbyn said in a statement: "I welcome the Prime Minister's decision to give the British people the chance to vote for a government that will put the interests of the majority first.

"Labour will be offering the country an effective alternative to a government that has failed to rebuild the economy, delivered falling living standards and damaging cuts to our schools and NHS.

"In the last couple of weeks, Labour has set out policies that offer a clear and credible choice for the country. We look forward to showing how Labour will stand up for the people of Britain."

Corbyn is 1/5 to be replaced as the Labour leader before the end of 2017
Corbyn welcomes the Election
11:46 18 Apr

Paddy Power release General Election Betting Odds: 1/10 Conservatives win & 1/7 Overall Majority

Following Theresa May’s surprise decision to call a General Election, Paddy Power has released the latest odds on the proposed June 8th vote.

Overall Majority
1/7 Conservative majority
5/1 No overall majority
14/1 Labour
100/1 Liberal Democrat
100/1 UKIP
500/1 Green Party

Party to Win the Most Seats
1/10 Conservatives
7/1 Labour
20/1 Liberal Democrats
100/1 UKIP
500/1 Green Party
11:43 18 Apr

Strathclyde University Politics Professor says Conservatives Not as Strong as Polls Suggest

The latest opinion polls are 

Conservatives 42%
Labour 27%

John Curtice, professor of politics at Strathclyde University has spoken to the BBC and says that these figures would give Theresa May a "quite substantial majority". 

However, he claims that the majority of the Labour seats are safe ones and that May's tactics of calling for the General Election could make "some Conservative voters unhappy".


11:41 18 Apr

Theresa May explains reasons for General Election

"In recent weeks Labour have threatened to vote against the final agreement we reach with the European Union. 

"The Liberal Democrats said they want to grind the business of government to a standstill.

"The Scottish National Party say they will vote against the legislation that formally repeals Britain's membership of the European Union.

"And un-elected members of the House of Lords have vowed to fight us every step of the way.

"If we do not hold a general election now, their political game playing will continue."
11:28 18 Apr

Ladbrokes General Election Odds: 1/10 to take place on June 8 & 1/10 Conservatives Win

The Conservatives are 1/10 to take the most seats at this year's snap General Election with Ladbrokes.

Following the PM's surprise announcement on Tuesday morning the firm have reacted by instantly by making the Tories heavy odds-on favourites at 1/10 for most seats and 1/5 in the majority betting, leaving Labour at 7/1 and 12/1 respectively. 

It's now also a 1/5 shot Jeremy Corbyn is replaced as leader of the Labour party before the end of 2017. 7/2 was the last price on offer for an Election to take place this year.

Jessica Bridge of Ladbrokes told Bettingpro: 

"May's change of heart has caught everyone by surprise, but it's looking hard to see Labour springing their own on June 8th with the Tories long odds-on for victory."

Most Seats
1/10 Conservatives
7/1 Labour
33/1 Liberal Democrats
100/1 UKIP

Majority betting
1/5 Conservatives
12/1 Labour
66/1 Liberal Democrats
5/1 No Overall Maj

1/10 General Election Happens on June 8
6/1 General Election Doesn't happen on June 8
11:26 18 Apr

WATCH: Theresa May announces call for General Election


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General Election Betting Odds - Live Updates following Theresa May's call for a UK General Election

General Election Betting Odds following UK Prime Minister Theresa May's call for a snap General Election on June 8.

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