Leicester City Betting Odds

May 2016 brought a Premier League parade through Leicester. Ten summers later, the fixture list sends the Foxes to League One. Football can be wonderfully cruel like that.

So what counts as a good 2026/27? Surely only a promotion challenge will satisfy supporters after two straight relegations. Russell Martin has the job of arresting the fall, rebuilding some belief and making King Power Stadium feel imposing again.

BetVictor lists Leicester City betting odds for league and cup matches throughout the campaign. Our football betting page is the starting point for upcoming games, early markets and prices after play begins.

Leicester will be the grand name on plenty of League One fixture lists, but grand names still have to defend corners. King Power Stadium, Premier League experience and a group of internationals all point towards a promotion bid. The Leicester City odds should reflect those advantages.

The division has a habit of puncturing reputations, though. Across 46 matches there will be pristine pitches, heavy pitches and games where a loose ball matters more than a clever passing pattern. Technical superiority helps. Coping with the weekly scrap matters too.

Martin signed a three-year deal in June 2026. His coaching trail has already passed through MK Dons, Swansea, Southampton and Rangers, with promotion at Southampton in 2024 the obvious entry on his CV for Leicester supporters to notice. Leicester’s summer work suggests he wants players who understand it too.

Visit the League One betting odds page for the current title and match markets. Promotion and top-six betting may also be listed. Those prices will not stand still, particularly while the transfer window is open and the early table is taking shape.

They can. Calling it a formality would be a mistake.

The hopeful comparison is 2008/09, Leicester’s only previous season at this level. They won the title at the first attempt and returned to the Championship immediately. The current side also has enough established talent to impose itself, especially if Martin gets Stephy Mavididi, Oliver Skipp, Harry Souttar and the new arrivals pulling in the same direction.

Wes Burns and Conor Chaplin have been through promotion campaigns with Ipswich. Liam Cullen arrives with years of Championship football behind him. Admir Bristrić offers a new focal point, while young loanees provide the sort of energy a 46-game season tends to consume quickly.

Why the caution, then? Because this is a team learning new habits after two dreadful years. A possession-heavy approach needs confidence, movement and brave decision-making in tight spaces. Leicester will also meet opponents who are quite content to defend deep and make the contest ugly. The pretty afternoons will take care of themselves. It is the awkward, stubborn games that may decide whether Leicester finish first, enter the play-offs or miss out.

Last August, the conversation centred on bouncing back to the Premier League. It did not last. By spring, Leicester were tumbling in the opposite direction.

Martí Cifuentes went in January and Gary Rowett inherited an increasingly anxious team. A six-point punishment for breaking profitability and sustainability rules then narrowed the escape route. Leicester challenged it, unsuccessfully.

The end arrived on 21 April. A 2-2 home draw against Hull left survival beyond reach with two fixtures still to play. Leicester closed the season 23rd on 46 points, a grim new low for the club in the Championship era.

Results told only part of it. Leicester went too long without clean sheets, rarely found a steady rhythm and looked short of conviction when matches became tense. Cup football offered little relief. The cups delivered one short visit and one slightly longer one: round one in the EFL Cup, round four in the FA Cup.

A new division does at least provide a clean page. That is why last year’s table can only tell us so much now. The more revealing question for Leicester betting is whether Martin’s ideas appear quickly enough.

Relegation made a summer clear-out inevitable. The squad that came down from the Championship has been stripped back, and several familiar faces have gone.

Main Incomings

• Wes Burns
• Conor Chaplin
• Admir Bristrić
• Liam Cullen
• Christian McFarlane
• Tommy Watson
• Harry Howell
• Franco Ravizzoli
• Alex McCarthy

Main Outgoings

• Abdul Fatawu
• Jeremy Monga
• Jannik Vestergaard
• Ricardo Pereira
• Patson Daka
• Jordan Ayew
• Jamaal Lascelles
• Wanya Marçal

Burns, Chaplin and Cullen look like practical EFL recruits rather than decorative ones. Alex McCarthy adds senior goalkeeping experience, with Franco Ravizzoli providing further competition. Tommy Watson and Harry Howell, both borrowed from Brighton, add youth to a group that badly needed fresh legs.

The exits matter. Abdul Fatawu could change a match with one burst down the wing, while Ricardo Pereira leaves after eight years and more than 200 appearances. Leicester may have lowered the age and cost of the squad, but Martin must replace a sizeable amount of know-how.

Promotion will set the mood of the season. Cup ties can still supply some welcome noise along the way.

Leicester are not short of history here. Youri Tielemans’ goal against Chelsea delivered the club’s first FA Cup in 2021, while the Foxes have won the League Cup three times. The last of those victories came in 2000.

A League One club will naturally sit behind the major Premier League sides in the FA Cup betting. That does not make every tie predictable. The draw, squad rotation and home advantage can quickly turn a cup evening into something interesting.

The EFL Cup betting began for Leicester in round one. A typical tie can bring 90-minute, goals and qualification markets, although the exact menu depends on the match.

Not every Leicester bet needs to concern promotion. Matchday markets provide a fresh set of choices throughout the season:

• Match result: Leicester, the draw or their opponent after 90 minutes.
• Both teams to score: Decide whether each team will score.
• Total goals: Back the final total to land above or below a chosen line.
• Draw no bet: The draw usually returns the stake, leaving two possible winning selections.
• Correct score: Predict the score at full time.
• Goalscorer betting: Pick a player to score first or at any time.
• Handicaps: Give one side a virtual head start or disadvantage.
• Season outrights: Look at the title, promotion or top six, where available.

Some Leicester fixtures may support Bet Builder selections. That lets you place compatible picks from one game into a single wager. It is worth reading the market rules before committing, particularly for player bets where minutes played can affect settlement.

Once the referee starts the match, check in-play betting for any available live Leicester City odds. The score, red cards and the pattern of play can all alter a price in seconds.

1. Sign in to BetVictor or register an account.
2. Complete the required checks and deposit only what you are comfortable spending.
3. Choose football, then open League One or the relevant cup.
4. Select the Leicester match or outright market.
5. Add a pick to the bet slip.
6. Check the odds, stake and possible return before placing the bet.

You can also review the latest BetVictor offers. Check who can take part, which markets qualify and when the promotion expires.

The distance between Leicester’s present and 2015/16 is extraordinary. Claudio Ranieri took a side widely expected to struggle and turned it into Premier League champions. They lost three matches all season and finished ten points ahead of Arsenal.

Jamie Vardy scored 24 league goals. Riyad Mahrez contributed 17, then collected the PFA Players’ Player of the Year award. N’Golo Kanté seemed to be everywhere at once, Kasper Schmeichel gave the defence authority and Wes Morgan led from the back.

It remains a glorious piece of club history, not a useful shortcut for judging this season. Leicester City League One odds must be weighed against the squad they have now, the opposition in front of them and the evidence supplied every weekend.

Nottingham Forest are Leicester’s principal East Midlands rivals. Because the clubs are in different divisions, a meeting this season would require a cup draw.

Derby County also form part of the regional rivalry map. Coventry City are another familiar opponent, with their meetings commonly known as the M69 derby. Absence may interrupt these fixtures, but it does not remove the edge.

Beyond Leicester City betting, BetVictor covers League One from the opening weekend to the final promotion decisions. You can also follow the division above through our Championship odds and find markets on English cup football.

Odds change. Team news changes. Form can disappear in a fortnight. Use recent information, check every selection carefully and set a limit before you start. Gambling should never cost more than you can afford to lose.