UK General Election odds: Labour given Burnham boost

Reform, the former favourites, are viewed as the party most likely to challenge Labour when it comes to winning the most seats, but the assumed probability of that happening isn't even 31% at the time of writing.

So much has changed in UK politics over the last few years that the Conservatives are as far out at 3/1 to be the party with the most seats to their name after the next UK General Election, with voters on the right expected to view Reform as a more attractive prospect.

Zack Polanski and the Green Party have seen a surge in popularity over the last 12 months, but Ladbrokes is still pricing them as outsiders to win the most seats at the next General Election, priced at 25/1.

Despite Reform's showing in the local elections in May and increased Labour optimism, Ladbrokes still has 'no overall majority' as the most likely outcome at the next UK General Election.

A Labour Majority is the most likely outcome if one party does achieve an overall majority, with the assumed probability of that happening currently sitting at just just under 17%.

In the overall majority market, Reform are expected to be the party most likely to rival Labour, with an assumed probability just under 13% at the time of writing.

The chances of any party winning an overall majority currently sits at 40%, with Ladbrokes currently viewing the current UK political scene as too divisive for any party to achieve a majority.

When will the next UK General Election take place?

While there have been rumours, or calls, for a vote of no confidence and UK General Election to take place soon, the latest odds suggest that's unlikely to happen.

Ladbrokes has a market available for when the next UK General Election is going to take place, with 2029 or later priced as the most likely option at the time of writing.

There's just over an 14% chance of a General Election taking place at any point this year, with the assumed probability of one taking place in 2027 rising to just shy of 30%.

All of these markets and odds highlight just how unpredictable the current UK political scene is, so make sure you stay tuned to Ladbrokes' politics hub for all the latest news and betting tips.

Interestingly, Ladbrokes has several UK General Election specials on offer for customers to bet on right now, with Thomas Skinner running as a Reform Party candidate and Boris Johnson to join Reform UK before the next General Election both listed.

View the latest politics odds.

All odds and markets are correct as of the date of publication.