🕒 Last Updated: 25 February 2026 – Odds and market information correct at time of last update. Political betting markets move quickly; please check with your bookmaker for current prices.
Labour have moved to the head of the betting market for the next UK General Election, marking the first time in 18 months that the party has been priced as favourites to win the most seats. Star Sports have cut Labour’s odds from 15/8 to 13/8 over the past week, pushing Keir Starmer’s party ahead of Reform UK. This reverses the picture from mid-2025, when Reform were installed as outright favourites at 11/8.
Next General Election Odds
| Party | Current Odds | Previous Odds |
|---|---|---|
| Labour | 13/8 | 15/8 |
| Reform UK | 15/8 | 13/8 |
| Restore Britain | 10/1 | 20/1 |
| Conservatives | 6/1 | – |
| Greens | 17/2 | – |
Reform, led by Nigel Farage, have drifted from 13/8 to 15/8 during the same period. The shift follows the launch of Restore Britain by former Reform MP Rupert Lowe, a development bookmakers believe could split the right-leaning vote. Restore Britain has shortened from 20/1 to 10/1, sitting closer to the Green Party at 17/2 and the Conservatives at 6/1.
Election Polling from YouGov
| Party | Polling (%) |
|---|---|
| Reform UK | 24% |
| Labour | 19% |
| Conservatives | 18% |
| Greens | 17% |
| Liberal Democrats | 13% |
Despite the market shift, opinion polls tell a different story. Polling from YouGov places Reform on 24%, ahead of Labour on 19%. The Conservatives are on 18%, the Greens on 17% and the Liberal Democrats on 13%. The gap between polling and betting odds reflects the bookmakers’ view that Reform’s vote could be distributed in ways that don’t translate cleanly into seats under first past the post.
Bookmakers are also offering odds on the next permanent prime minister after Starmer. Labour figures lead that market, with Angela Rayner priced at 7/2 and Wes Streeting at 6/1. Farage is 7/1, while Ed Miliband is available at 8/1. For the full picture, see the next UK Prime Minister odds.