With the current state of Canadian politics, the events down south, and the court of public opinion, it’s an open and shut case why Justin Trudeau decided to dip earlier this year. Historically, Canadian politics have been a revolving door of exes—switching back and forth between the Liberals and Conservatives, hoping one of them has magically improved. As fate would have it—or rather, the Canada betting odds would suggest—the Conservative Party is favoured to succeed the Liberals, with Pierre Poilievre’s chances of winning looking high.
Although there is inherently a losing side to every election, you can win big—even if your party leader doesn’t—by betting on the next Canadian federal election. As a Canadian voter and bettor, you’re in a unique position to tip the 45th Canadian election odds—both with your ballot and bet slip.
Conservative Party Odds to Win
-600
45th Canadian Election Betting Odds
The Canadian election odds are as expected—the Conservative Party is leading the pack, the Liberal Party is playing catch-up, and the other parties, including the Bloc Québécois and NDP, are eatin’ dust (whatever’s behind dust is where you’ll find the People’s Party of Canada.)
| Political Party | bet365 Canada Election Odds |
|---|---|
 Conservative Party | -600 |
 Liberal Party | +350 |
 New Democratic Party (NDP) | +8000 |
 Bloc Québécois | +11,000 |
 Green Party | +60,000 |
 Peoples’ Party of Canada | +100,000 |
Next Canadian Prime Minister Odds
Okay, before we get too carried away, let’s discuss the next Prime Minister odds. Conservative leader, Pierre Poilievre has a clear lead in both the odds and the polls but with the 45th Canadian federal election still months away and the new Liberal Party leader yet to be announced, there’s time for a comeback. And as word breaks, we’ll be back with the latest odds and updates!
| Candidate Name | Political Party | Sports Interaction Election Odds |
|---|---|---|
| Pierre Poilievre | Conservatives | -830 |
| Mark Carney* | Liberals* | +400 |
| Chrystia Freeland* | Liberals* | +1600 |
| Jagmeet Singh | New Democratic Party (NDP) | +3300 |
| Karina Gould* | Liberals* | +4000 |
| Maxime Bernier | Peoples’ Party of Canada | +5000 |
| Doug Ford | Progressive Conservative Party of Ontario | +5000 |
| Yves-François Blanchet | Bloc Québécois | +5000 |
| Frank Baylis* | Liberals* | +6600 |
| Chandra Arya* | Liberals* | +6600 |
*Note: The Liberal Party has yet to select a new leader, but Sports Interaction has included odds on the top contenders for the next Prime Minister.
Next Liberal Party Leader Odds in Canada
The Liberals’ deadline to name their new party leader is March 9, 2025—until then, Justin Trudeau intends to retain his position as Prime Minister and party leader. Next election odds (including the winning party) are likely to fluctuate when the Liberals announce their new leader. According to the latest Canada election odds, the current frontrunner to replace Trudeau is none other than Mark Carney, former governor of the Bank of Canada. The other top contender is Chrystia Freeland, former Deputy Prime Minister and ex-Finance Minister, who we can thank for the “internal battles” that caused Trudeau to step down.
| Candidate Name | Sports Interaction Odds |
|---|---|
| Mark Carney | -1428 |
| Chrystia Freeland | +700 |
| Karina Gould | +4000 |
| Frank Baylis | +5000 |
| Ruby Dhalla | +10,000 |
Liberal Party Odds to Win
+300
How To Bet On Canadian Election Odds
With the next Canadian federal election in the works, there’s no better time to dip your toes into the world of political betting. Here’s how to bet on the Canadian election in five easy steps:
- Choose a betting site
- Create an account
- Deposit funds
- Shop for odds
- Place your bet
Thankfully, finding the right betting site for you isn’t one in a million odds— and with our list of top Canadian betting sites and unbiased reviews, we guarantee you’ll find a suitable bookmaker. Assess what type of bettor you are and what each site offers before taking the plunge.
How to Create a Betting Account
Setting up a sportsbook account is no sweat! Most Canadian betting sites follow similar sign-up procedures, starting with your personal information. Pro tip: remember to enter all personal information as it appears on your government-issued ID, as you will need to verify your account by either uploading your ID or through an automated identification verification system.
How you fund your bankroll is a serious consideration as each site accepts different payment methods, from e-transfer to Bitcoin. After locating the cashier page, enter your payment details and deposit amount, and click to confirm (Boom!). If your wager is successful, your winnings will be automatically deposited to your bankroll for you to wager again or withdraw. Keep in mind, many sportsbooks allow users to set daily and monthly limits to prevent overspending.
Compare Election Odds
There are many ways bettors can score a solid edge. Comparing the latest election odds from several sportsbooks is a no-brainer way to secure the best odds and increase your potential winnings. For example, if site A’s odds are +190 and site B’s odds are +200, your potential winning would be greater through site B thanks to this small difference in odds. After finding odds that pique your fancy, simply click on the bet/odds, enter your wager amount, and confirm to add your wager to your bet slip.
Where to Bet on Canadian Election Odds
Without a doubt, Sports Interaction and bet365 are the best betting sites to bet on the next Canadian federal election, boasting superior odds and numerous political betting options. But let’s check out what each betting site has to offer for the upcoming Canadian election.
| Bookmaker | Offers Canadian Election Odds? | Sign-up Link |
|---|---|---|
| Sports Interaction | Yes – Most betting markets | Join Sports Interaction |
| bet365 | Yes – Best winning party odds | Join bet365 |
| BET99 | Yes – Several betting options | Join BET99 |
| Betway | Yes – Winning party only | Join Betway |
| 888sport | Yes – Most seats only | Join 888sport |
| BetVictor | Yes – Winning party only | Join BetVictor |
| BetMGM | Yes – Several prop bets | Join BetMGM |
Next Canadian Election Odds: Conservative Party Dominance
We all know we have more than two parties, right? Regardless, the Conservative Party has gained some serious traction with Canadian voters who are fed up with the current government and economy. Honestly, who wouldn’t be pissed when a loaf of bread costs more than the average streaming subscription? Pierre Poilievre’s political priorities appeal to people passionate about pinching pennies—or, you know, Poilievre’s stance on taxes and government spending are attractive to some voters.
Poilievre may be leading in the polls, but some of his moves have certainly raised eyebrows across the aisle from his support of the “Freedom Convoy” protests to voting against climate change bills. Still, when it comes to Canadian election betting, the Conservatives are the current favourite.
Election Betting Odds for Other Candidates
Canadian politics is a dogfight—with two wolves going at it and a bunch of puppies barking from the sidelines. The two top dogs may be the Liberals and Conservatives, but the New Democratic Party (NDP), led by Jagmeet Singh, is trailing close behind with +6600 odds and a fountain of support from young Canadians. Next in the food chain is somehow the Bloc Québécois with +10,000, led by Yves-François Blanchet. Rounding out the Canadian Election odds, the Green Party led by Elizabeth May has +60,000 odds, and the Peoples’ Party of Canada and its leader Maxime Bernier is sitting at +100,000 (big oof).
When is the Next Canadian Election?
The next Canadian federal election is set to take place on October 20, 2025. However, the timing of the next election can fluctuate depending on political events. Thanks to Trudeau, Parliament is currently on pause until March 2025, which gives the current Canadian government some breathing room before any major decisions are made.
But with increasing pressure especially from Conservative a vote of non-confidence could trigger an earlier election. An early election may also be called if Prime Minister Trudeau decides to dissolve the government. So, if a new Liberal leader is selected sooner rather than later, the Liberals might call for an election to capitalize on the leadership change and re-establish momentum.
The odds are still out on the timing of the federal election, but rest assured we’ll update this section as soon as the top betting sites release their odds.
| Timeframe | Odds |
|---|---|
| October 20, 2025 | TBD |
| Spring 2025 | TBD |
| Summer 2025 | TBD |
| Fall 2025 | TBD |
| Winter 2025 | TBD |
How to Read Canada Election Odds
Reading election odds is simple: the lower the odds, the higher the chance of winning. Higher odds indicate the underdog. The “-” odds indicate how much you would need to wager to win $100, whereas “+” odds indicate how much you’d win with a $100. Taking a peek at the current favourite, the Conservatives are sitting at -1200, meaning to win $100 in profit, you would need to bet $1200. However, with higher risk comes higher reward so with the Bloc Quebecois’ +10,000 odds, you would win $10,000 profit on a $100 stake. When in doubt, you can use our odds calculator and converter!
Factors Influencing Canada Election Odds
There are a bunch of factors affecting the Canada federal election odds, from the court of public opinion and the polls to things that make the world not so great again. From shaky leadership to economic headaches, voters have plenty to consider before placing their bets (literally).
👋 Trudeau’s Resignation
Shortly after Prime Minister Justin Trudeau announced “[Canada] deserves a real choice in the next election” and revealed he would be stepping down, the Liberal Party, unsurprisingly, saw an uptick in the polls and Canadian Election odds. Of course, we’ll only know the true polls for the upcoming Canadian federal election when the new Liberal Party leader is selected.
This bump in popularity is likely due to the absence of a defined leader rather than a flood of new supporters, and this uncertainty presents both an advantage and a challenge. Voters can imagine their ideal candidate as party leader and forget about all the other clowns. However, if the party can’t get behind a strong candidate, the Liberals can kiss their government goodbye.
🔈 Public Opinion and Polls
Naturally, the Conservative Party is sprinting ahead in the polls with a commanding 43.4%, while the Liberals trail behind with 23.4%. These numbers don’t just shape election odds—they also influence voters, with some backing a frontrunner and others strategically shifting their support to tip the scales.
Have you ever noticed how the Liberals (23.7%), NDP (17.3%), and Green Party (4.1%) share a lot of similar values? The same can be said regarding splinter parties on the right. That’s great for ideological diversity—but not so great for winning elections. Taking a peek at the polls for all parties, the left-leaning parties make up 45.1%, whereas the right-leaning parties make up 44.3%, largely thanks to the Conservatives. Including the Bloc Québécois, the right’s total jumps to 52.6%.
Obviously, the Conservatives are the current favourite across betting sites—and unless there’s a major upset, the Liberals will need a miracle—or a scandal on the other side—to turn things around.
👬 Liberal Party Leadership Dynamics
Justin Trudeau’s announcement to step down as party leader is the best thing that’s happened to the Liberal Party since, well, Justin Trudeau. It’s true the Liberal Party has seen a minor uptick in the polls since the Liberal Leader race began, but that could all be due to Trudeau’s resignation. Some may argue that without a unifying leader, the Liberals’ election betting odds are as shaky as a Jenga tower during The Big One. Either way, it’s not looking good for the Liberals in the polls—or the odds.
📈 Economic Concerns
Okay, time for everyone’s favourite topic—✨the economy✨. Let’s face it, most Gen Zers now view groceries as luxury items and the odds of us actually buying a home are about as likely as the Bloc Quebecois taking over—the economy is f*cked. With wallets getting thinner by the day, many Canadians are interested in the Conservatives’ “axe the tax” platform, leaning the Prime Minister election odds in Poilevre’s favour.
🦅 Donald Trump’s Recent Win in the USA
Trump’s return to the White House has the world on edge, and Canadian politicians are scrambling to figure out their next move. Navigating our relationship with our neighbours down south has become a key election issue and voters are left wondering which party can handle Trump, tariffs and look out for our own interests without making things worse.
Types of Canadian Federal Election Betting Markets
Betting sites like Sports Interaction and BET99 offer several ways to bet on the 45th Canadian federal election, from the next Prime Minister to when the federal election campaign will begin.
➡️ Overall Election Winner
Betting on the outright winner is always a fan favourite, whether in politics or traditional sports betting. With this bet, you can wager on the winning party, the next Prime Minister, or both, depending on what your betting site offers. But the most popular choice is betting on the winning party—after all, there may be plenty of candidates in the race, but only two parties are really in the running (unless you’re banking on the underdogs).
➡️ Next Liberal Party Leader
It’s not every day, or even every term, you can pad your bet slips with powerful names in politics with both the next Prime Minister and Liberal Party leader. The top contenders in the Liberal Party leadership pool are swimming in financial expertise, hoping to leverage their experience to make waves in government. The most likely candidates to take Trudeau’s place are Mark Carney and Chrystia Freeland, but Karina Gould is still putting up a solid fight.
➡️ Election Date
As we near election season, many betting sites will offer more political betting markets, including when the election will take place. Sports Interaction currently offers odds on when the official election campaign period will begin, but for the actual election date, we’re SOL. Soon, bettors will be able to wager whether the election will stick to the schedule and remain on October 20, 2025 as the third Monday of October or if the election will be called early—or evened delayed!
➡️ Official Opposition
Beyond betting on the winning party, betting sites will also offer odds on which party will form the official opposition—essentially, the silver medalists of the federal election (this might show up in betting sites as the party with the second most seats). The role of the official opposition is crucial in politics and is responsible for keeping the governing party in check, challenging policies, and presenting itself as the alternative government. With the Conservatives favoured to win, the battle for second place is heating up between the Liberals and the NDP.
Wrapping Up: Canada Election Betting Odds
Dearest fellow Canadians, with so much uncertainty in the world, we wish you luck in the coming months. May your wagers win and may we avoid becoming the 51st state 🙏.
The Canada 2025 election odds are in—but we’re not out of the woods yet! Do your research, be skeptical, and get out there on election day! For Canadian bettors, this election is a unique opportunity to tip the odds in your favour with your vote and make some money along the way! Check out our top betting sites and which political betting market each has to offer, and check back with us for all things betting!
2025 Canada Election Odds FAQs
The 45th Canadian federal election is scheduled to take place on October 20, 2025, in accordance with the Canada Election Act, which states federal elections must be held on the third Monday of October. However, certain factors could delay or move up the election date from the dissolution of government, a vote of non-confidence, or exceptional circumstances.
The Conservatives still have a considerable lead in the polls, with the Canada Election odds favouring Pierre Poilievre as the next Prime Minister.
Election day must fall on the third Monday of October, with a few exceptions. A federal election campaign must last at least 37 days and no more than 51 days from the day it’s called.
Prime Minister Justin Trudeau, leading the Liberals, won the 44th Canadian federal election.
Mark Carney or Chrystia Freeland are the most likely candidates to replace Justin Trudeau as Liberal Party leader.
