Premier League Relegation Betting Odds: Everton shorten into 2/1 to be relegated this season following their 10 POINT DEDUCTION by the Premier League!

Everton are now 2/1 to be relegated from the Premier League this season after 10 point deduction

Bookmakers have shortened Everton's odds from 6/1 into 2/1 to be relegated from the Premier League this season after the club received a 10-point deduction on Friday.

The Toffees were given an immediate 10-point penalty by the Premier League after they were found to have breached the profit and sustainability rules that the league has in place.

That 10-point punishment is the biggest that the Premier League have awarded in its history and leaves Everton sat in 19th place in the current league table.

Latest odds from betting sites now suggest a 33% chance that Everton go down this season with Sheffield United, Luton Town and Burnley all remaining above them in the betting market.

Sheffield United remain the clear favourites to go down this season

Sheffield United remain at the top of the betting market to be relegated after remaining in the bottom three of the Premier League despite Everton's point deduction.

Despite Burnley staying rock bottom of the Premier League table they have a better chance of survival according to the latest betting market.

The Clarets have a 60% chance of being relegated according to the latest odds with Sheffield United clear with an implied probability of 85% given by the betting market.

Blades boss Paul Heckingbottom is top of the market to win the dreaded sack race

Sheffield United manager Paul Heckingbottom is still the favourite manager to leave his role next in the Premier League with the market seeing a big change.

Eddie Howe has come from nowhere to just 4/1 to be the next manager to go despite Newcastle continuing through the Carabao Cup despite a sea of injuries.

Howe is now joint second favourite alongside Man United manager Erik ten Hag to be the next manager out of the league with Heckingbottom 5/2.