Israel holds its parliamentary elections on Tuesday, January 22, but if the polls are any indication, there will be no big surprises in this year's outcome. Benjamin Netanyahu will be re-elected as the country's prime minister, and his conservative Likud-Yisrael Beiteinu ticket will take 32 Knesset seats, perhaps more.

All of the major election polls put Netanyahu atop the polls, with the Labor party finishing in second place with 16 ot 17 seats in the next Knesset. The more interesting case will be the ultra-conservative Naftali Bennett's Habayit Hayehudi party, which could take third place and between 12 and 17 seats in the election. If so, he would have a significant place in government, and his views are even more hardline than the country's consevatives. He wants to annex major portions of the West Bank into the state of Israel.

The other major party to watch is Tzipi Livni's Hatnuah, which is predicted to have a very mediocre day at the polls. Livni is a prominent opposition politician who has been a prominent figure in Israeli politics for quite some time.

Whatever the precise outcome, what's clear is that Israel will get more conservative after this election, something which does not bode well for the peace process, or with relations between the U.S. and Israel in President Obama's second term.

To follow the Israeli elections live, and for real-time updates and analysis, read here.