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2024 UK General Election Odds & Betting Tips

Thursday 4th July 12:00

Bookie Selection Best Odds Market Bet
Number Of Conservative Seats to Be 100-149 9/49/4 UK General Election Place BetPlace Bet
Reform Party To Win 5-6 Seats 9/19/1 UK General Election Place BetPlace Bet

Date of Tips: 05/06/2024

Disclaimer The odds for these selections were correct at the time of publishing (09:47 05/06/2024) but may have changed since. Please check the latest price before placing your bet.

2024 UK General Election Odds & Betting Tips

In a surprise announcement on May 22nd the current UK Prime Minister Rishi Sunak called a General Election to be held on Thursday 4th July.

This bold move came as the governing Conservative party trail the opposition Labour Party in recent opinion polls by over 20 points. 

We will look at the latest odds from UK Bookies on which political party they expect to lead the next Government and whether they can expect an overall majority. 

We will also take a look at other betting markets such as: 

  • Who Will Be Next Prime Minister 
  • Which Party Will Win Most Seats     

2024 UK General Election Odds 

The Labour Party are widely expected to win an overall majority in the Election on July 6th.

This means they will have more seats than every other party put together!

The best odds when the election was called on Labour winning an overall majority were 1/6 with Betfred

Those odds have changed dramatically and Labour are now much shorter odds to win an overall majority with the best odds available at the time of writing (14th June 2024) 1/25 with bet365.

Updated Odds from Bet365 are shown below and are updated in real time.

UK General Election Odds

Selection Odds
Labour Majority 1/33
No Overall Majority 16/1
Conservative Majority 80/1

2024 Election Betting 

Labour Overall MajorityNo Overall MajorityConservative Majority
Election Called May 22nd1/66/125/1
Monday June 3rd1/1010/140/1
Monday June 10th1/2014/150/1
Monday June 17th1/2016/166/1

The election will involve many very different political parties in 650 constituencies across the country. In order to get an overall majority a party would need more than half of these – therefore a minimum number of 326 seats is required for a party to win an overall majority at the 2024 Election. 

The UK Labour Party is odds on with all bookmakers to win the Election by:

Winning the Most Number of Seats 

And 

Winning an Overall Majority in Parliament

Winning the most number of seats is a much easier proposition for the Labour Party at this election and the odds for this are consequently much lower with the best available odds on Labour To Win Most Seats currently being 1/25 with Unibet. Odds correct as at 3rd June 2024.

In contrast the ruling Conservative party are currently available at odds of 18/1 to win Most Seats in the July election. 

As highlighted earlier Labour are widely expected to not only win the Most Seats but also to win sufficient seats i.e. minimum 326 to have an Overall Majority. 

This is far from guaranteed however and other options could happen such as:

No Overall Majority – best odds of  10/1 with Betfair or Paddy Power  

Conservative Majority – best odds of 40/1 with Paddy Power & others

2024 General Election Betting Tips 

With Labour strongly fancied to win Most Seats and an Overall Majority they are now very short odds with most bookmakers and do not represent a value betting proposition for most people. 

However there are many niche markets on the 2024 Election that will become available over the next few days and weeks and we will feature them here with reasoning and the best odds and bookmaker to place any bets with. 

The odds on the outcome of the Election and some of the smaller markets can change rapidly due to events both at national and international level. 

UK General Election – Scotland To Be Crucial  

Voting in Scotland is likely to be a key factor in deciding which party is eventually going to govern the UK for the five year Parliament term following this election.

Currently the Scottish National Party (SNP) hold 44 seats at Westminster but the party has now been in crisis for a number of years and is set to lose support across the country. Bookmakers currently expect that the Labour Party will be the main beneficiary of the SNP decline and massively increase the number of seats they hold north of the border from the 2 seats won at the 2019 United Kingdom General  Election.

In what is anticipated to be a huge swing to the Labour Party from the SNP bookies are quoting the SNP at odds of around 3/1 to be the party with most seats following the vote.

Best Betting Sites for General Election 

Many bookmakers now offer odds on British Politics and we have listed just five of the best in the table below. 

StarSports have a great depth of markets and often best odds. 

Bet365 probably have the greatest range of odds available and offer odds on virtually every constituency. 

Bet On The UK General Election
BookiePolitics BettingVisit
star sportsYesVisit
bet365YesVisit
william hillYesVisit
betfredYesVisit
betukYesVisit

UK General Election Special Bets & Odds

There are a huge range of special bets available on this election with Bet365 also offering odds on the outcome in every constituency across the UK !

This means that if you fancy a bet on the constituency where you live or vote you can do so. For example the enigmatic Nigel Farage has announced that he will stand for the Reform Party in the Clacton constituency. The formar UKIP and Brexit party leader is odds on with Bet365 to win this seat at his sixth attempt to get into Parliament. But at odds of 3/10 does Farage represent value or are the Conservatives better value at 3/1 to retain this seat which they won in 2019 with 72% of the Vote ?

You can also bet on how many seats you think each party will win and William Hill do have some interesting specials on the Reform Party performance at the 2024 General Election as follows:

  • 11/10 Reform Party to win 3 or more Seats
  • 7/4 Reform Party to win 5 or more Seats
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