Prime Minister betting isn’t just all about general elections. What’s important to remember is that there is more than one way for a PM to be elected.
In the guide elbow, we have covered the most important information, including how the betting works, the odds and the markets. Additionally, you can take a look at the best sites and find some top tips for betting on the next UK PM.
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Betting on the next Prime Minister - A short overview
Politics is perhaps the most popular novelty betting form, alongside TV shows and the weather. When it comes to betting on the next Prime Minister, however, you should not confuse things with General Election betting.
While this is the most common way that a PM will be chosen, it’s vital to remember that this isn’t the only way it might happen. For example, after Boris Johnston, both Liz Truss and Rishi Sunak were put in their positions through a Tory Leadership contest.
So as a quick summary, here are the two most common types of contest that you might bet on in this respect:
UK General Election
Party Leadership Contest
Next UK Prime Minister betting - General Election
A general election is the most common way that a new PM will be chosen. However, when betting on a GE, the Labour and Conservative candidates will have already been chosen well in advance.
As a result, much the same is with betting on the next US Presidential Election, there are two odds-on front runners. A General Election will almost certainly be won by the Labour or Conservative candidate, so you only really have two short odds options here.
The only realistic exception is a hung parliament, which has happened in recent history - when the Lib Dem-Tory coalition was formed in 2010. However, in this case, the favourite to become the next UK Prime Minister betting odds, David Cameron, still entered No. 10 to take the top job.
Party Leadership Contest
If the next PM is to be chosen via a party leadership contest, then things can get a bit more complicated but also more interesting. If you bet at the early stages of Prime Minister betting here, then you have a large number of options available.
At first, candidates have to put themselves forward and receive backing from their MPs. Rounds of voting then take place among MPs and the party membership, eventually whittling it down to two clear candidates.
As a result, the favourite may not become clear until there are only two candidates left. For instance, in 2022, Liss Truss was as low as eighth in the betting during the early rounds.
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Betting odds for the next Prime Minister - How they work
There are three main things to consider when it comes to the odds for betting on the next UK PM:
Implied probability - The real chance as a percentage of the candidate becomes the PM.
Bookies’ odds - The bookie will always alter the odds to add in a margin.
Your own implied probability calculation - Asses each candidate’s chances yourself to see how your predictions match up with those of the bookmakers.
If you are betting on the next PM in a General Election, it’s important to remember that we don’t actually vote for a Prime Minister here in the UK. Instead, people vote for their local MP based on the party that they are representing.
It is then the leader of the party that wins the election that will enter No. 10. While this means that the odds for the favourite party to win and the favourite next PM will largely be the same, there are some outside factors to consider that could affect the betting, such as scandals.
Often, the leadership contest might be taking place because of a scandal. Think Boris Johnston being forced from office in 2022 following PartyGate, or Liz Truss becoming the shortest ever serving PM - you may remember that she was outlasted by a lettuce.
The best Prime Minister betting sites
Here at Betting.co.uk, we have assessed all of the UK bookies that are currently offering odds and markets on the next UK PM. On this page, you can find an up-to-date list of the best sites where you can currently bet on the next UK PM.
Additionally, if you are looking for other UK novelty betting markets, we have also covered plenty of other niches. For instance, you can take a look at the best options for betting on the UK Royal Family right here.
How we rate the best sites for next Prime Minister betting
At Betting.co.uk, we don’t merely want to introduce you to the best Prime Minister betting sites. On top of that, we also want to show you how we draw our own conclusions.
That’s why in the list below you can look at the main things we considered when rating sites:
Factor
Why is it important?
Betting markets
Above all else, the site must have actual UK politics betting markets available
Competitive odds
We always compare the odds between online bookies to find the sites with the most value
Promos and Bonuses
When something as important as a General Election or decisive party leadership contest comes along, the best bookies will offer special promos and bonuses
General attributes
As well as looking at a betting site’s offers specifically related to next UK PM betting, we also have to consider how good the site is overall
New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required
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Betting on a new Prime Minister - A step-by-step guide
Now you can check out this comprehensive step-by-step guide to betting on the next UK PM. This will walk you through the whole process from start to finish.
Choose a bookmaker here at Betting.co.uk
Register an account
Make your first deposit
Claim your welcome bonus
Research each candidate thoroughly
Choose your betting market
Place your bet
Wait for the General Election/leadership contest’s conclusion
Betting Prime Minister - Top tips
To finish up this guide, here are a few top tips for betting on the next UK PM:
❓ Consider how the next PM is being chosen
Depending on if it’s an election or leadership contest, your approach will be different.
🗳️ Remember how we elect in the UK
We vote for a party and not a person, so this should be accounted for in your thinking.
⏰ Get in early
Especially if it’s a leadership contest, the best value can be found if you can pick the winning candidate during the early rounds.
🤔 Consider outside factors
Could potential scandals or bumps in the road be predicted that could scupper a favourite’s chances?
📈 Account for unpredictability
General Elections used to be a foregone conclusion, but recent ones have shown us this is no longer always the case.
Prime Minister betting - Conclusion
There you have it folks, you now have all of the information and tips that you need to get started. Now all that’s left to do is choose your ideal bookie and keep on top of your UK politics. You can always bookmark this page and check back in with us for updates and more top tips.
Next Prime Minister Betting Pros and Cons
A selection of markets to pick from
The final vote could have a public element
Odds are available year-round, not just during an election or leadership contest
It's hard to account for all the political variables
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See what options are available to you for politics and novelty betting right here. At Betting.co.uk, we can always help you out - no matter what the niche.
📍 Where can I find odds on the next UK PM?
You can compare the odds for the next UK PM here at Betting.co.uk. We compare the live odds from all the best online bookies in the UK to help you find the best.
🕴Is it legal to bet on the next UK Prime Minister?
In this comprehensive guide to UK politics betting, we have covered the dos and don’ts. With us, you can always stay on the right side of the law.
New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required
Get up to £50 in FreeBets, an Odds Boost Token, 20 Free Spins and £10 Casino Bonus when you sign up to sportingbet today. Get rewarded as you complete our 4 Welcome Challenges, plus get an extra £20 FreeBet when you complete all 4.
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