I break betting odds news as it happens, so you’re never left behind when the market moves or a top offer lands.
- Laila Cunningham leads the early London mayoral betting market at 9/4
- Sadiq Khan is second favourite despite winning the previous three elections
- Ladbrokes has opened betting markets more than two years before the vote
Laila Cunningham Installed as Early Favourite in 2028 London Mayoral Election Betting
Bookmakers have already opened betting markets on the 2028 London Mayoral Election despite the vote still being two years away, with Reform UK candidate Laila Cunningham currently leading the market with UK Betting Sites.
The 2028 London mayoral election is scheduled to take place on 4 May 2028 alongside London Assembly elections and local elections across England.
Incumbent Labour mayor Sadiq Khan, who has won the previous three mayoral elections, is once again among the frontrunners in the early betting with Ladbrokes, although current odds suggest punters believe there could be a genuine challenge next time around.
On 7 January 2026, Cunningham was officially announced as Reform UK’s candidate for the election and has already attracted significant betting attention following several high-profile policy pledges.
2028 London Mayoral Election Odds
| Candidate | Odds | Implied Probability |
|---|---|---|
| Laila Cunningham | 9/4 | 30.8% |
| Sadiq Khan | 11/4 | 26.7% |
| Dawn Butler | 6/1 | 14.3% |
| Zoe Garbett | 8/1 | 11.1% |
| James Cleverly | 12/1 | 7.7% |
| Rosena Allin-Khan | 20/1 | 4.8% |
Cunningham followed by Sadiq Khan in market
Among the proposals put forward by Cunningham are plans to prioritise British citizens for social housing and abolish London’s Ultra Low Emission Zone (ULEZ), two policies expected to dominate debate in the build-up to the election.
According to the latest odds from Ladbrokes, Cunningham heads the market at 9/4, narrowly ahead of Sadiq Khan at 11/4.
Labour MP Dawn Butler is next in the betting at 6/1, while Green Party figure Zoe Garbett is priced at 8/1.
Former Conservative Home Secretary James Cleverly sits further back in the market at 12/1, with Rosena Allin-Khan available at 20/1.
Where to Bet on Political Markets
Political betting markets continue to grow in popularity on major betting sites, particularly around high-profile UK elections and leadership contests, with punters often using early markets to speculate on emerging candidates and shifting public sentiment.
Check out the Top Political Betting Sites page for the best places to punt on these markets.
