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Premier League Relegation Odds for 2023/24

Dumitru Palanchuk
Dumitru Palanchuk
18 August 2023, 13:48

The Premier League winners have become predictable lately as Manchester City has won five of the last six campaigns. The relegation battle is always an entertaining watch, though, with teams experiencing ups and downs during the seasons and even previous title winners – like Leicester City last term – getting downgraded.

The 2023/24 campaign will certainly be no less entertaining, as some of the newcomers have shown signs of weakness while other clubs continue to carry problems from last season. Thus, the Premier League relegation odds are rather unequivocal as to what teams are the top contenders to finish bottom of the table.

Premier League Relegation Betting List

As far as the Premier League betting odds are concerned, the favourites are Luton Town and Sheffield United who were promoted from the Championship ahead of the 2023/24 season. They are followed by a list of clubs who struggled with inconsistency last term.

Relegation ContendersLadbrokes ODDS
Luton Town1.29
Sheffield United1.44
Nottingham Forest3.60
Wolverhampton Wanderers3.75

Luton Town

The Luton Town story is nothing short of inspiring: the club was playing non-league football as recently as 2009 and now they are in the Premier League. Last season, the Hatter finished third in the Championship and won promotion through play-offs after beating Coventry City on penalties in the final. This marks their first return to the top flight of English football since 1991/92.

With all due respect, Luton will be the sore thumb in the 2023/24 Premier League season. Their stadium has a capacity of under 11,000 seats, and the Hatters have the cheapest squad in the league, valued at just €73 million. 

The club has brought in some reinforcements during the summer which included the signings of the experienced Tim Krul and Ross Barkley. But even with them in the squad, it will take a lot of effort for Luton to survive the season, and their opening day 4-1 loss to Brighton was a good trailer of what will await the club in the coming months.

Sheffield United

Sheffield United are more experienced than Luton when it comes to Premier League football. The Blades returned to the top flight in 2019/20 and even achieved a 9th-place finish in their debut season, but only to end up 20th the next year and get relegated to the Championship. After two years in the second tier, Sheffield is back up and will look to repeat their 2019/20 heroics.

Their coach, Paul Heckingbottom, has the team play an attractive brand of football, but that style will be more difficult to implement against tougher opposition. Besides, the Blades lost two crucial players in Iliman Ndiaye and Sander Berge over the summer without signing any proven replacements. 

Sheffield have started the season with a 1-0 home loss to Crystal Palace – if they can’t find a way to scrap at least a point against mid-table clubs, it will be a very long season for the Blades.


It was only by a miracle that Everton survived the 2022/23 league campaign. The Toffees were in danger of being relegated to the second flight for the first time since 1953/54 but a 1-0 win over Bournemouth allowed Everton to preserve their Premier League status. 

Coach Sean Dyche, who replaced Frank Lampard mid-season, did not improve the situation at Goodison Park dramatically, but the club has trusted him to continue into the new season. The fans expected more signings from the Blues over the summer, yet the only arrivals have been veteran Ashley Young, 19-year-old striker Youssef Chermiti, and Arnaut Danjuma who struggled at Spurs last term. Only Jack Harrison, who was a regular at Leeds United last term and has been loaned out by Everton, is certain to make a tangible difference. 

The 1-0 loss to Fulham on opening day showed that Everton has the same problems in attack as last season, and unless an experienced striker is signed, the Toffees cannot hope for a finish in the upper half.

Nottingham Forest

Nottingham Forest were seen as the favourites to get relegated last season as, having achieved promotion, the Reds signed more than 20 players in the summer transfer window. Indeed, Forest did not start the season the best way and were sitting 19th before the pause for the 2022 World Cup. However, an improvement in form after the break coupled with a series of positive results towards the end of the season allowed Steve Cooper’s men to place 16th in the final standings. 

Nottingham has been more reserved with their spendings this summer, and the arrivals of Ola Aina, Anthony Elanga and Matt Turner do look like a step forward for the squad. Coach Cooper starts his second full season in charge at City Ground, now with a group of players that he already knows. Forest had a decent showing in the match against Arsenal, and despite losing 2-1, the team did not look like a clear outsider.

Wolverhampton Wanderers

Wolverhampton Wanderers are similar to Forest in that they were too sitting in the relegation zone before the World Cup break but eventually survived. The reason behind their success was Julen Lopetegui, who took charge of the team mid-term and led Wolves to a 13th-place finish. However, his dismissal was announced just days before the start of the season, with the reported reason being the disagreement between the coach and the club around the lack of investment into the squad. As a reminder, Wolves lost former leaders like Raul Jimenez, Ruben Neves, Joao Moutinho and others while only signing Boubacar Traore and Matt Doherty.

The Spaniard was replaced with Gary O’Neil, whose Bournemouth finished 15th last term. While not playing the most attractive football, the defensive approach helped O’Neil save Bournemouth’s place in the top flight despite the weak squad. 

Only time will tell if O’Neil can repeat the feat at Molineux, but his side did not look poor in the 1-0 loss to Manchester United, and a draw would’ve been a fairer result as Wolves were denied a clear penalty kick.