Premier League relegation odds 2023/24 update: Leicester Tipped For The Drop

The trapdoor to the Championship has barely closed on the Premier League season with the three promoted sides all falling straight back to the second tier and already the relegation odds 2024/25 have been released.

Premier League relegation odds
Selection and odds
Leicester
1/2 (1.50)
Ipswich
8/11 (1.73)

Everton

5/4 (2.25)

Southampton

6/4 (2.50)

Brentford

9/2 (5.50)

Before we take a far too early look at next season's relegation possibilities, it's important we have a recap of how last season unfolded at the bottom of the league. Rewind to this time last year-ish and Luton were massive favourites for the drop, Burnley boss Vincent Kompany was being linked with jobs at Chelsea and Tottenham and Sheffield United were the yo-yo club that should be better equipped to stay up than they last time they dropped from the league.

None of that played out. Sheffield United sold off their best players and went on to finish bottom with the worst defensive record in Premier League history. Kompany stayed loyal to both Burnley and his coaching philosophy of playing football “the right way” but his side made too many basic errors on their way to an underwhelming 19th placed finish and Luton fought valiantly given their budget but, ultimately, came up short in their battle for survival.

Now, the attention has shifted to the new season with 19 of the 20 clubs that will participate in the 2024/25 Premier League season now known.

Don't forget, our betting picks don't stop here. You can check out other free betting tips that include outright Premier League markets.

premier league relegation
Photo by Icon Sport

Premier League relegation odds 2023/24 – Latest news

Playoff Winners Likely To Rank Low in Odds

We might not know which of the playoff finalists will be taking the final Premier League spot remaining but we do know two things. One, it will be one of the sides relegated in 2022/23 and, two, they'll face a tough year of trying to keep their heads above water. As for the game itself, Leeds vs Southampton is tough to call. Leeds' are probably best equipped for the top flight but, in our opinion, Southampton are most likely to get the job done at Wembley.

Foxes Face Summer of Uncertainty

In truth, Leicester should never have been relegated having been “too good to go down”. Up until the end of January, that looked to be very much the case in the Championship too as they looked on track to shatter second tier records…and then their form crashed off a cliff. Admittedly, they eventually won the league but not before a huge wobble had them genuinely fearing the playoff. The face a summer of their boss, Enzo Maresca, leaving, players exiting to balance the books and what seems a certain points penalty due to their previous breaches of financial fair play. Combine all of those factors and relegation surely looms.

Do Ipswich Hopes Hinge on McKenna's Future?

They say momentum is a big factor in sports and that certainly proved to be the case for Ipswich Town. The Tractor Boys made it back to back automatic promotions last year with their style of play attracting praise from pretty much all corners of the country. The Town fans might cling to their previous promotion to the Premier League where they were tipped for the drop before finishing in a lofty fifth position but reality looks a tad more grim this time round. Don't get us wrong, the club have a lot going for them but the jewel in their crown is manager Kieran McKenna. He's being linked with Brighton, Chelsea and Man United right now. Ipswich's odds for suffering relegation will surely worsen should McKenna vacate the Portman Road hotseat.

Toffees To Find Themselves in a Sticky Spot Again

Sean Dyche worked miracles last season to keep Everton up with a 14 point gap despite a six point deduction but it already looks like he will have to repeat the trick next season. Everton are likely to face a fight to keep hold of some of their key players with the likes of Jordan Pickford and Jarrad Branthwaite both linked with summer moves whilst it has also widely been reported that they could face administration – and a subsequent points deduction. It will be a mammoth task to harness the group unity in the face of adversity once again. With the newly promoted sides also posing a bigger threat to their top flight status than the season just gone it could be another nervy season on the blue half of Merseyside.

Nottingham Forest Face Another Relegation Battle

Nottingham Forest are another side that faced relegation last season owing to bang average performances and, more importantly, a points deduction. In 2024/25 Forest shouldn't have any of the FFP issues to combat but the club does have the touch of a circus about it off the pitch; that boardroom flammability poses a risk to any on-field form and, as such, it's hard to count Forest out of being in another fight to survive.
premier league
Photo by Icon Sport

Premier League relegation tricast betting – Selected odds

Here are the odds for the specific order of the bottom three, starting with the 20th placed team in every combination.

Relegation Tricast for 2024/25 coming soon

coming soon

Relegation Tricast for 2024/25 coming soon

coming soon

Relegation Tricast for 2024/25 coming soon

coming soon
Relegation tricast
Photo by Icon Sport

Bookmakers with the best Premier League relegation odds

William Hill

William Hill is clearly a top online bookmaker these days. This brand is widely known in the UK, not to mention that the platform is home to thousands of members. As seen in the sportsbook, William Hill covers Premier League betting quite extensively, and the relegation markets are already hotting up at this site. Here you will get great odds, a wide selection, and you can make your bets from a top-drawer mobile app. Take the most out of the sign up offer to place a bet on the relegation market.

Ladbrokes

Ladbrokes welcome offer is an amazing site for football betting. For every Premier League game, this site whips up hundreds of markets, and thanks to factors like enhanced odds, it regularly gives punters better value compared to others in the UK. And for the relegation markets, Ladbrokes also delivers great value, with competitive odds and plenty of options right now.

Bet365

Two of the main reasons to bet with bet365 is that the site has some of the best odds for football out of any other providers, and the mobile app is basically unrivaled. This means you are getting top value for your wagers, and you can make relegation bets at any time through the mobile app. To add to the fun, bet365 has other features like bet builders and cash-out options for you to take advantage of, making them one of the very best.

Premier League relegation betting tips

Premier League relegation betting FAQs

Can I cash-out relegation bets?

Yes. If you make a bet over the next few weeks and your chosen team starts to slip further into the drop zone, you might find that you are offered a cash-out option.

Can I bet on more than one team?

Of course. You can wager on as many teams as you like, and you can make these wagers at various points in the season.

Can I make relegation wagers for other competitions too?

Sure – you can make relegation bets for leagues from all over the world, such as the Bundesliga, Serie A, Ligue 1, La Liga, and so many others. The principles of getting the best value remain exactly the same too!


Ash is an experienced sports writer who has an extensive background in data analytics. Here, he combines those skills to provide you, the reader, with engaging and well researched content. Oh, and Ash is an Ipswich Town fan!