General Election 2017 UK odds: Conservatives odds-on favourite to win majority and most seats with bookies

Lynsey Barber
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Brace yourself... there's another election (Source: Getty)

Here we go again... the nation will head to the polls in a little over seven weeks after Theresa May called a snap General Election.

No wonder, perhaps, as the cannily timed vote comes as Labour was found to be trailing the Conservatives by more than 20 points in the latest polls and even Labour voters who believe Jeremy Corbyn is the best choice for Prime Minister are in a minority.

Read more: How the City is reacting to Theresa May's General Election announcement

And that sentiment is reflected by bookies Ladbrokes and Paddy Power, who say odds are the Tories are most likely to land the most seats (1/10 and 1/7, respectively) and win an overall majority (1/5 and 1/10, respectively).

"May's change of heart has caught everyone by surprise, but it's looking hard to see Labour springing their own on 8 June with the Tories long odds-on for victory," said Ladbrokes' Jessica Bridge.

Read more: Corbyn welcomes May's call for an early general election

And William Hill is offering its longest odds this century for a Labour win of 14/1. In fact, the bookie predicts its more likely than not that he won't be leader of the Labour party the day after the 8 June election.

William Hill spokesperson Graham Sharpe said: "The next General Election campaign has started badly for us – we face a £23,000 loss if the election does go ahead on 8 June after the odds for a 2017 Election were shortened from 5/1 to 2/1. We took some £3m on the last General Election, and £5m on the US Election, so we anticipate huge betting interest on an 8 June General Election"

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