There is no doubt that interest in betting on Britain's next Prime Minister is heating up among bettors and bookmakers!
This article examines some of the top betting sites offering the most competitive odds on the next Prime Minister. Our betting experts have also compiled a list of the top five candidates to bet on.
The current battle for the post of Prime Minister appears to be between Sir Keir Sterman and Rishi Sunak. Nevertheless, there will be plenty of time for water to flow in the River Thames before we find out who will be occupying 10 Downing Street next.
We have gathered below the TOP 10 next UK Prime Minister odds at the moment!
Most betting sites reviewed by Bojoko offer betting odds on UK politics. But odds and the size of betting markets around the topic vary widely. Here are our picks for the top 3 best bookmakers where to bet next UK PM.
Ladbrokes is one of the most versatile places to bet on politics and find odds on the new Prime Minister. In addition to good odds and a great user experience, this trusted betting site also offers £20 free bet for new customers.
The brand's TOP 5 PM odds currently look like this:
In addition to betting on the next Prime Minister, Ladbrokes offers Prime Minister betting on the really long term with a few special markets that are worth checking:
Bet365 is one of the largest betting sites in the world, and the brand offers the opportunity to bet on a wide variety of elections across the globe. The site also offers customers an excellent kick-start to betting with a £50 free bet.
Here are the top Bet365 odds on the Prime Minister after the election market:
Long-established betting site Betfred keeps a close eye on events in domestic and foreign politics. The brand offers its customers a wide range of betting markets, and a new customer Bet £10 Get £40 offer.
Although Betfred has a dedicated page for the next prime betting odds, any odds are not available now. In the meantime, you can check their odds to Rishi Sunak exit date:
There are differences in the betting odds for the next Prime Minister on different bookmakers' websites. Almost every bookie has an individual TOP 5, but Labour leader Keir Starmer is the biggest favourite to win across the board.
Below you will find Bojoko's assessment of the five-strong Prime Ministerial candidates and the highest betting odds offered.
If a UK general election took place in the winter of 2023, Labour leader Keir Starmer would most likely become the next Prime Minister of the United Kingdom. For the coming months, it will be critical for Keir Starmer to continue to garner support and offer a robust platform and vision for the future of the UK if he wants to confirm his chances of success.
Several media outlets have reported since Steinman's New Year 2023 that he is acting like Tony Blair in 1997, calling for more fiscally responsible policies. He also kept the speech with his shirt sleeves rolled up and said: "We are going to roll up our sleeves, fix the problems and improve the country," drawing much attention to his actions. Is this man the next PM of the UK?
Rishi Sunak is the current Prime Minister of the UK and the Conservative party leader. His appointment to his current position followed the departure of Boris Johnson and Liz Truss. Sunak came to power without much of a fight as he had no opponent in the final Conservative vote. Many believe Sunak is a Prime Minister without a popular mandate, and numerous calls for his resignation and new elections.
However, Sunak has already shown during his short tenure as Prime Minister that he can handle his duties. Polls also show that he is liked and, in some respects, even more, respected than Keir Sterman. While up to 47% of respondents liked Sunak in a poll commissioned by consultancy Ipsos, the Tory party's lowest support in 15 years makes it very difficult to win the election and continue as Prime Minister.
Penny Mordaunt is one of the wild cards in the election. She has been at the forefront of the Conservative Party for several years and was a candidate for party leader after Borish Johnson's resignation. She won 67 votes in the first round of the party's internal elections, second only to Rishi Sunak. In the end, however, Liz Truss won the election and became Prime Minister.
After Truss's resignation, Mordaunt stood again but withdrew, and Rishi Sunak came to power without a fight. Sunak has been in a slight headwind throughout his short tenure as Prime Minister. If the UK sees an early general election, Penny Mordaunt may well be the remade face of the Conservatives.
The Blonde Bombshell, Bozza, BoJo the Clown, Boris Johnson, a.k.a. Alexander Boris Johnson de Pfeffel, is the kind of wild card that can snatch a Tory election victory out of the magician's hat and become Prime Minister again himself.
BoJo was speculated as the new Prime Minister just over 100 days after he and his successor Liz Truss resigned. He didn't run in the end, but British Trump could still emerge as a big name in the upcoming general election. Johnson has made numerous comebacks in his career and should certainly not be counted out of Prime Ministerial gambling.
Andy Burnham is a British Labour Party politician and the Mayor of Greater Manchester since 2017. Before this, he was the Member of Parliament for Leigh from 2001 to 2017. Over the years, he's held several ministerial positions in the UK government and played a part in high-profile issues like Grenfell Tower and Hillsborough.
Burnham is currently at the peak of his popularity, as evidenced by his victory in the 2021 mayoral election with over 67% of the vote. He's also been referred to as the "King of the North" due to his efforts to get more money for northern communities during COVID-19.
Many people think he will be Labour's next leader after Keir Sterman. If Sterman were to withdraw before the election, Andy Burnham could well be the next Prime Minister. Consider this when looking at the odds.
Keir Starmer is the favourite to become the new Prime Minister. Starmer's odds are fairly even and unsurprising, but not all candidates are so serene.
In the case of Andy Burnham, the odds range from 40/1 to 100/1, and Smarkets still needs to list Burnham.
We can learn from this that it's worth being brave enough to compare the odds and shop around between the different betting sites. At Bojoko, we always try to highlight the highest odds so that you can find the best possible betting site for your next Prime Minister bet.
UK Prime Ministers are not directly elected by the people but rather by the party with the most votes in the House of Commons, the lower chamber of Parliament. The Monarch traditionally appoints as Prime Minister, the leader of a party that wins a majority of seats in a general election.
If the ruling party lacks a clear leader or the Prime Minister resigns, the party selects a new Prime Minister. Usually, the party's members elect the leader through voting or a leadership contest. The candidate with the most votes wins party leadership and becomes Prime Minister.
Indeed, a vote for the next PM may only occur after the next general election. On the other hand, it could be that disputes relating to the EU and having complicated relations with the US could eat into the popularity of the incumbent Prime Minister, and a power shift within the Prime Minister's party could be on the cards before the general election.
For these reasons, political betting is very different from traditional sports betting. With football, for example, You almost always know when a bet will be settled, and the final odds are published before the event. At the politics, betting favourites will naturally change over months and years, and the odds as well as market closing times, may vary.
It is more than two years since the UK left the EU. There were expectations that the decision would revolutionize the entire system. There was also much talk about which country would make the next EU exit in the wake of the UK. Still, no other government has yet exited. Although the political climate and betting site odds on the next country to leave the EU to suggest Italy is on the verge of leaving soon.
Rishi Sunak promised to repeal many EU-derived laws that still affect the UK by the end of 2023 when he took over the leadership of the Tory party. However, Sunak has not taken any initiative to repeal the laws and has tried maintaining a politically calm atmosphere. Sunak's actions have already caused gnashing of teeth among the Conservatives. The right wing of the party has already warned Sunak that if he fails to deliver on his promises, there could be another war within the party, there could be another war within the party.
Could this long-running controversy about the EU and its impact on the country cause at least one more political crisis and prematurely remove the Prime Minister from power?
The leader of the majority party in the House of Commons is usually the person who is also the country's Prime Minister. Rishi Sunak currently leads the Conservatives, and he is also PM. The Labour party is run by Keir Sterman, who will likely become next prime minister after the next general election.
But the bickering behind the scenes is endless, and the power struggle is relentless. Behind the two major party frontrunners are several other people vying for the post of party leader and a possible Prime Minister. Next, we look at some odds for the next party leaders.
It is unlikely that the popular Labour leader Sterman will leave office, at least in 2023. Sooner or later, however, power will change. Currently, Manchester mayor Andy Burnham and Wes Streeting, who has been a member of parliament since 2015, are seen as the next likely Labour party leaders.
Odds courtesy of BoyleSports - Bet £10 Get £20
Betting sites suggest that the old fox Boris Johnson will again grab the Conservative leadership. Johnson is currently the frontrunner, but he is under intense pressure from Equalities Minister Kemi Badenoch and Penny Mordaunt.
Odds courtesy of Betfred - Bet £10 Get £40
From 1945 to the present day, there have been ten parliamentary changes of the Prime Minister and only seven after general elections. So a change of prime minister with a change of power within the Tories is a realistic option.
But when the time comes, Labour will likely win the next general election. The party has the biggest poll lead in two decades, and bookmakers believe Labour will win; therefore, Labour's leader is the favourite to become the new Prime Minister.
Below you can find odds for most seats provided by Betgoodwin.
It will be fascinating to see whether the Conservatives dare to call a general election and measure their popularity as early as 2023 or 2024 or whether we will see an election and a change of Prime Minister at the last possible moment. The next general election must be held by law no later than January 2025. In terms of odds, the next general election is expected to take place in 2024, with odds of around 1/4 as per betting sites.
All above mention odds and much more you can find from our next general election betting odds page.
Prime Minister Rishi Sunak is currently focusing on homeland and domestic politics. However, he should follow what is happening in the rest of the world, as the elections of presidents in other countries may impact the Prime Minister's position and the punters' decisions to betting on a new Prime Minister.
The UK and Turkey have enjoyed relatively close relations since Brexit, and the countries are reliable allies in areas such as foreign trade. The countries signed a free trade agreement in 2020. Good trade relations with Turkey keep many British business leaders happy and Sunak's position solid in their eyes.
Throughout the rapprochement between the UK and Turkey, Turkey has been led by President Recep Tayyip Erdoğan. As we assessed in our article on betting on the Turkish presidential election, Erdoğan will remain President of his country for the foreseeable future. This is good news for the UK and the Prime Minister. He will have no problem keeping amiable relations with Turkish leaders and thus keeping the UK´s 500,000 people of Turkish or Turkish origin happy.
One major external force the UK administration keeps an eye on is relations with the United States. The Royal Institute of International Affairs, a.k.a Chatham House, published a report on the priorities of the new UK prime minister and how the PM should deal with the US after the resignation of Boris Johnson.
Brexit, the pandemic, and the Ukraine war have hit the UK economy hard in recent years. One of the Prime Minister's tasks is to drive economic growth; to do this well and maintain the PM position, he needs a good relationship with the US.
Sunak barely has any problems working with the pragmatic Joe Biden, but US election odds suggest that the country's next leader will be a Republican, Ron DeSantis or Donald Trump. If Trump takes the win at odds 5/1, it is hard to say how this affects to UK and Sunak. It is unlikely but not unthinkable that conflicts with the US might drive Sunak to political problems.
Since 1895, there have been 26 different prime ministers in the history of the British government. Of these, 17 have been Conservative, 6 Labour and 3 Liberal. Three have been women: Margaret Thatcher, Theresa May and Liz Truss.
In 2022, Liz Truss became the shortest-serving Prime Minister, serving 44 days. The longest-serving prime minister in modern history is Margaret Thatcher, who served for over 11 years from 1979 to 1990.
However, you can increase your chances of winning by checking out Bojoko's political betting guidelines and comparing the best betting sites for the next PM bets.