The result was a victory for Urho Kekkonen, who won on the third ballot over Karl-August Fagerholm. The turnout for the popular vote was 73.4%. Kekkonen had been Juho Kusti Paasikivi's heir apparent since the early 1950s, given his notable political skills for building coalitions, bargaining, risk-taking and adjusting his tactics, actions and rhetoric with regard for the prevailing political wind.
On the other hand, his behaviour and political tactics, including sharp-tongued speeches and writings, utilization of political opponents' weaknesses, and rather close relations with the Soviet leaders, were severely criticized by several of his political opponents.
Kekkonen's colourful private life, including occasional heavy drinking and at least one extramarital affair, also provided his fierce opponents with verbal and political weapons to attack him. Several other presidential candidates were also criticized for personal issues or failures.
Despite all the anti-Kekkonen criticism, his political party, the Agrarians, succeeded for the first time in getting the same share of the vote in the presidential elections' direct stage as in the parliamentary elections.
President Paasikivi had neither publicly agreed nor refused to be a presidential candidate. He considered himself morally obliged to serve as president for a couple of more years, if many politicians urged him to do so. Between the first and second ballots of the Electoral College, one National Coalitioner phoned him, asking him to become a dark-horse presidential candidate of the National Coalitioners, Swedish People's Party and People's Party (liberals).
At first, Paasikivi declined, requiring the support of Social Democrats and most Agrarians. Then he moderated his position, but mistakenly believed that he would receive enough Social Democratic, Agrarian and Communist and People's Democratic electors' votes to advance to the crucial third ballot. This did not happen, because all Agrarian electors remained loyal to Kekkonen, all Social Democratic electors remained loyal to Fagerholm, and the Communist and People's Democratic electors split their votes to help Fagerholm and Kekkonen advance to the third ballot. The bitterly annoyed and disappointed President Paasikivi publicly denied his last-minute presidential candidacy two days later. Kekkonen was elected president with the narrowest possible majority, 151 votes to 149. For several decades, the question of who cast the decisive vote for him has been debated among Finnish politicians and some Finnish journalists (see, for example, Lauri Haataja, "A Reconstructing Finland" (Jälleenrakentava Suomi), pgs. 825–827, 829–831 in Seppo Zetterberg et al., eds., A Small Giant of the Finnish History / Suomen historian pikkujättiläinen. Helsinki: WSOY, 2003; Pentti Virrankoski, A History of Finland / Suomen historia, volumes 1&2. Helsinki: Finnish Literature Society (Suomalaisen Kirjallisuuden Seura), 2009, pg. 954; Tuomo Polvinen, J.K. Paasikivi - A Statesman's Life Work (Valtiomiehen elämäntyö), volume 5: 1948–1956. Helsinki: WSOY, 2003).
|Candidature of Urho Kekkonen||510,783||26.93||88|
|Candidature of Karl August Fagerholm||442,408||23.33||72|
|Candidature of Eino Kilpi||354,575||18.69||56|
|National Coalition Party||340,311||17.94||54|
|Swedish People's Party||130,145||6.86||20|
|Candidature of Eero Rydman||85,690||4.52||7|
|Source: Nohln & Stöver|
|Candidate||Party||First round||Second round||Third round|
|Urho Kekkonen||Agrarian League||88||29.33||102||34.00||151||50.33|
|Karl August Fagerholm||Social Democratic Party||72||24.00||114||38.00||149||49.67|
|Sakari Tuomioja||Liberal League||57||19.00|
|Eino Kilpi||Finnish People's Democratic League||56||18.67|
|Ralf Törngren||Swedish People's Party||20||6.67|
|Eero Rydman||People's Party||7||2.33|
|Juho Kusti Paasikivi||National Coalition Party||84||28.00|
|Source: Nohlen & Stöver|