The 2025 Canadian Election is coming down to the wire. Millions of Canadians will flock to the polls on April 28, 2025, to vote for the next leader of the country.
Current Prime Minister Liberal Mark Carney, who replaced Justin Trudeau after his resignation in March, and Conservative Party leader Pierre Poilievre are the two major candidates.
Why Are Canadians Betting on the 2025 Election?
Before we dive into the odds themselves, let’s talk about the betting market itself for a bit. If you’re a politics enthusiast like many of our writers are, you’re probably familiar with Canadian elections betting markets.
However, betting on elections is pretty new for most of the public. The most recent United States elections are the reason why.
Stories about polymarket odds and predictions betting markets dominated the US elections news cycle, especially in online spaces once the odds shifted from favouring Kamala Harris to Donald Trump.
There’s not quite the same buzz for betting on elections here in Canada, but there are definitely more bettors interested in political wagering than ever before.
Current Betting Odds for the 2025 Canadian Election
TonyBet is one of our top-rated sportsbooks for betting on politics in Canada.
Here are their odds for the upcoming federal election:
- Liberal Party: -400
- Conservative Party: +175
- New Democratic Party: +30,200
- Bloc Quebecois: +30200
- Green Party: +50,000
- People’s Party: +50,000
Factors influencing the odds
As you can tell from the Canadian election odds, the Liberal Party is the huge favorite to win the election on April 28. This wasn’t always the case though.
The Conservatives and their party leader Pierre Poilievre were leading the race as recently as March 25. So, what changed?
To start, the election odds started to turn for the Liberals after Carney officially replaced Trudeau on March 14, 2025. The election then became less about Trudeau’s past policies and more about Carney and Poilievre’s vision for the future of Canada.
One of the biggest issues regarding Canada’s future is – the US. American President Donald Trump’s tariff policies – and his desire to make Canada the ‘51st State’, has become a hot topic in Canadian politics.
We predict that Trump and American politics will continue to be one of the biggest factors influencing Canadian political betting odds all the way until election day.
My Thoughts and Recommended Betting Sites
The betting odds are pretty confident that the Liberal Party will win the upcoming election, but a lot can change between now and April 28.
If you want to get in on the action, check out our list of the best betting sites to find sportsbooks such as Bodog where you can bet on the 2025 Canadian Election.
