Here is our page on betting on Overall Majority in the General Election, here we have odds and information on free bets.
Overall Majority General Election Odds
The latest odds on an overall majority in a general election sees ‘No Overall Majority’ as the odds on favourite at 8/11. The Tories are 6/4 to have an overall majority, with Labour at 7/4. If you like an outside bet, the Lib Dems are 50/1 to have a majority, with the Brexit Party at 100/1.
What Is An Overall Majority Bet?
A bet on a potential Overall Majority at the general election is one of the odder sounding bets involved with general election betting. There are 650 seats up for grabs in a UK General Election. To have an overall majority you will need to win more than half of the 650 seats, then you will have an overall majority. So an overall majority bet, is effectively a bet on a political party to win 326 seats or more.
So for example, if you placed a bet on the Conservative Party to win an overall majority, and they got 333 Seats, you would win, as it is more than half the available seats.
While, if you place a bet on the Conservatives to win an overall majority, and they got 302 Seats, your bet would lose, as they would have less than half the seats (although they would probably have won the Most Seats Bet).
Due to the political landscape in the UK, there is only really three possible outcomes for the Overall Majority bet. They are a Conservative Overall Majority, a Labour Overall Majority, or No Overall Majority (also known as a Hung Parliament).
For the Conservatives or Labour to win an overall majority bet, they would have to win 326 seats or more. If no party wins 326 seats or more, then No Overall Majority is the winner of the bet.
In political terms, if there is no overall majority, it is known as a Hung Parliament, which basically means there is no outright winner in a general election. In this event we would either see a coalition formed (like in 2010), or a minority government. There is also the option of a second General Election.
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