UK Election and Prime Minister Latest Odds and Betting Preview

It is hard to recall a time in British politics when an election still four years away was so heavily discussed. Kier Starmer’s first year in government has been tumultuous, to say the least. Labour’s sweeping victory over the Tories in the 2024 election, followed by the rapid ascent of Nigel Farage’s Reform party, has seen the biggest shake-up to British politics in the best part of a century.

In this next UK Prime Minister betting preview, we take a look at who is likely to be the next person to take charge of 10 Downing Street, and what changes to expect in the next few years.

Current Next UK Prime Minister odds

Let’s see how Betfred are pricing up the UK Prime Minister 2026 betting market.

• Nigel Farage - 7/2
• Wes Streeting - 6/1
• Andy Burnham - 7/1
• Yvette Cooper - 12/1
• Shabana Mahmood - 12/1
• Kemi Badenoch - 16/1
• Angela Rayner - 16/1
• Lucy Powell - 20/1
• David Lammy - 25/1
• Rupert Lowe - 25/1
• Robert Jenrick - 100/1
• Zack Polanski - 25/1
• Boris Johnson - 25/1

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Who are the favourites to be the next UK Prime Minister?

Reform Nigel Farage

Reform leader Nigel Farage currently finds himself leading the pack with UK bookmakers to be the next Prime Minister. Farage’s rise since the 2025 election has been meteoric, with the former UKIP and Brexit Party leader riding a wave of popularity as Kier Starmer’s polling plummets.

While Reform might be riding high right now, their recent defeat in Caerphilly is a reminder that they are not guaranteed to win anything, and a lot can change in four years. The party will face increasing scrutiny as it continues to build records in local councils, and a strong performance in next year’s Welsh election means it will have something to be judged on by 2029.

The party is still new, and there are questions about whether it has the necessary political mechanisms to run a successful campaign. There is clearly an appetite for Reform right now, though, and this is reflected in Nigel Farage’s 7/2 odds with Betfred.

Labour Party officials

Another possibility is that Kier Starmer steps aside and a senior official from the Labour Party takes his place.

Wes Streeting and Andy Burnham are the two most popular candidates, priced at 6/1 and 7/1, respectively. Burnham is seen as the King Across the Water, and the man who can help Labour regain Northern and Midland working-class voters who have felt abandoned by the party.

However, he isn’t currently an MP. This would mean a by-election to secure a seat, and from a PR perspective, this could be a disaster for the party. Streeting’s biggest issue is that he is closely associated with Starmer, and, depending on the circumstances that Starmer left in, this could be to his detriment.

Yvette Cooper is one of the most experienced and respected names on the list, and at 12/1, could be worth monitoring. If the party crumbles from within, an experienced hand could be what is needed.

Other parties

The Conservative Party are nowhere to be seen right now, with Kemi Badenoch all the way out at 16/1. Green Party leader Zack Polanski might be riding a wave of popularity on social media, but whether that can materialise into any sort of electoral pull is another question. It seems unlikely right now, with the bookies having him out at 25/1.

When is the next UK General Election?

There is no set date for the next UK general election, but it must be held before August 15th, 2029.

A UK election has to take place within five years, plus the time required to run an election campaign, of the previous government taking power. The PM can call an election at any time, but given Starmer’s current polling, this is unlikely. But when it is time for the next UK election, many of our partners who are typically sportsbooks and online casinos will have the general election betting markets available.