Breaking Down the Next London Mayor Odds
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With the 2024 London mayoral election scheduled for May 2, it’s time to evaluate the next London Mayor odds and analyze the leading candidates.
The incumbent mayor – Sadiq Khan – has been in office since 2016. As things stand, Khan tops the latest London Mayor election odds, with Susan Hall sitting in second place on the list. But they are not the only contenders for the role.
As the election draws nearer, the big question is – who will be the next Mayor of London? I will attempt to provide an answer by analyzing the top candidates and considering the general public’s perception.
Who Will Be the Next Mayor of London?
- Incumbent Mayor of London: Sadiq Khan (Labour)
- Main Opposition: Susan Hall (Conservative)
- Previous London Mayors: Ken Livingstone (Labour), Boris Johnson (Conservative)
- Next London Mayoral Election: May 2, 2024
- Voting System: First-past-the-post
The fourth London mayoral election is set to take place on May 2, 2024. Incumbent mayor Sadiq Khan and Conservative candidate Susan Hall lead the next Mayor of London odds at present, with other notable names like Zoe Garbett and Jeremy Corbyn also in the mix.
The next London Mayor election odds suggest that Khan will likely be re-elected later this year, but Hall’s London Mayor odds look set to attract plenty of attention in the lead-up to the event.
In terms of the general consensus, Khan appears to be a relatively popular figure in London, having rolled out several key initiatives to help more people in the capital. However, Hall has several interesting policies of her own.
London Mayor Odds Deep Dive
The next Mayor of London odds are courtesy of Betway, which happens to be one of the top online sportsbooks for political betting. Right now, Betway’s prices cover three candidates, but that could change between now and the election.
Latest Betting Odds Next London Mayor
- Sadiq Khan (1.08)
- Susan Hall (6.50)
- Zoe Garbett (67.00)
As you can see, Khan is the out-and-out favourite to win the 2024 London mayoral election. Priced at just 1.08, the incumbent mayor stands an excellent chance of being re-elected, although his London Mayor odds could shift in the coming weeks.
Hall is seen as the only realistic rival to Khan, having established herself as the leading Conservative Party candidate for the election. At this moment in time, Hall’s London Mayor odds appear to offer the greatest betting value.
Now that we’re up to speed on the next London Mayor odds, it’s time to examine each contender in more detail.
Sadiq Khan Odds
Khan succeeded Boris Johnson as Mayor of London back in 2016. The former Shadow Secretary of State for Justice and Shadow Lord Chancellor was then re-elected in 2021, defeating Conservative candidate Shaun Bailey.
The incumbent mayor has introduced plenty of positive initiatives during his tenure, including the ‘bus hopper’ fare on TfL buses and the Ultra Low Emission Zone scheme. He also oversaw the £30 million spent on ending the Tube strike, which is another move that aids Khan’s vision of making London the world’s “greenest city.”
Khan has stated that he wants to “send a message” to the Tories by attempting to become the first person to remain in office for three terms. If the current London Mayor odds are correct, Khan’s message will surely be sent.
Susan Hall Odds
Not only is Hall bidding to become the first Tory Mayor of London since Johnson in 2012, but she is also aiming to become the first-ever woman to take the role.
She has also stated that crime and policing would be top priorities if she won the election, with many Londoners concerned about the rising levels of unrest in the city.
That said, Hall’s social media antics will likely have a negative impact on her election bid. The Tory candidate has been known to “like” posts from questionable characters such as far-right activist Katie Hopkins. Still, her London Mayor election odds remain healthy.
Other London Mayor Candidates
According to Betway’s next Mayor of London odds, Garbett is Khan and Hall’s only challenger. The Hackney councillor stood in 2021 and will lead the Green Party once again this year, although the new first-past-the-post voting system is expected to hinder smaller parties’ chances of outperforming the big two.
When searching for next London Mayor election odds in recent weeks, I have found prices for other candidates at different betting sites. For instance, some bookies had Jeremy Corbyn priced at 21.00.
Corbyn is a familiar figure in UK politics, as he served as Leader of the Opposition and Leader of the Labour Party between 2015 and 2020. However, the independent politician is not expected to upset the London Mayor odds under the new voting system.
How to Get Betting Value Out of the Next London Mayor Odds
The bookies’ next Mayor of London odds are intriguing, to say the least, with Betway’s top three contenders priced between 1.08 and 67.00. With that in mind, I thought it would be a good idea to show some tips on how the get the best value out of the next London Mayor odds.
Consider Hedging Your Bets
Hedging is a process that is often utilized by sports bettors, but you can also use it when betting on politics. For example, if you bet on both Hall and Garbett at 6.50 and 67.00, respectively, you could still land a profit if one triumphs and the other fails.
Line Shop for the Best London Mayor Odds
Every betting site is unique, meaning prices will vary from sportsbook to sportsbook. In fact, I have already come across different London Mayor odds for the same candidates. For that reason, it pays to shop around and find the best value for your chosen wager.
My Personal Opinion
Considering the setup of the new voting system, the chances of a non-Labour or non-Conservative candidate winning the election are slim at best. Therefore, it makes sense to back either Khan or Hall.
In my eyes, Hall’s London Mayor odds offer the best value right now. It is also worth remembering that Hall’s price could shorten as we get closer to the election, so now might be the perfect time to take advantage of the generous odds.
Summary
As of now, Khan’s London Mayor election odds are nothing to write home about. Unless you’re willing to part ways with a hefty sum of cash, you will struggle to make a sizeable profit if you back the incumbent mayor for re-election.
So, who will be the next Mayor of London? There is no denying that Khan is in the driver’s seat, but a lot can – and probably will – change between now and the election. With that in mind, Hall looks like the best pick from a value betting perspective. There is significantly more upside in her 6.50 odds than Khan’s current 1.08 number.
Susan Hall (6.50)
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