General Election 2017: Conservatives odds-on to win Overall Majority and Most Seats

Theresa May is seeking approval for a General Election on June 8
Theresa May is seeking approval for a General Election on June 8

The Conservatives are the overwhelming favourites on the Betfair Exchange markets to win Most Seats and an Overall Majority in the General Election, which will take place on June 8 pending approval from Parliament...

"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."

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 5.59/2 to 1.051/20.

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)

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