The Foxes odds for relegation are dropping dramatically following a string of bad results.
Leicester City are struggling to repeat the miracle of last season and bookmakers are warming to the idea of their relegation after the Foxes suffered defeat to Watford on the weekend.
Before a ball was kicked, bookies thought the Champions were more likely to be relegated than win back-to back Premier Leagues. Leicester were priced at 14/1 to be relegated and 33/1 to win the league. Having said that, 33/1 was still a huge improvement from the 5000/1 price-tag given to them before the 2015/16 season.
Claudio Ranieri’s men struggled through the opening four games of the season losing to newly-promoted Hull City and Liverpool. With only four points to their name, bookmakers had them at 6/1 to face the drop. The Foxes have struggled to balance Champions League football and the domestic league but saw some stability in October, finishing the month 11th and 33/1 to go down. However a loss to midland rivals West Brom before the international break followed by a 2-1 loss to Watford this weekend has seen their odds slashed to as short at 10/1 with to be relegated. The party looks well and truly over for the Foxes given they’re now 1000/1 to win back-to-back Premier League's.
So how does this compare to previous seasons? Leicester sit on 12 points from the opening 12 games which sees them lying in 14th place, a contrast from last season, where they were flying high in third on 25 points. A more worrying stat for Foxes fans, Norwich were sitting on the same number of points as Leicester this time last season. However, based on the last five seasons, relegated clubs have only averaged nine points at this stage of the season, with only Cardiff (13 points) having more points than Leicester at this stage and still being relegated.
Leicester are following the same trend as Chelsea, the Pensioners won the 2014/15 title with Jose at the helm. Chelsea went on to finish 10th in the league but their poor start to the season saw the ‘Special One’ sacked in December. Given the God like status Ranieri now has in the East Midlands it’s unlikely the Foxes will show him the door, however he can now be backed at 25/1 to be next manager to leave compared to 50/1 at the start of October.
However it’s not all doom and gloom! They play Middlesbrough, Sunderland, Bournemouth and Stoke before Christmas. Plus they can secure Champions League qualification with a win at home over Club Brugge on Tuesday night.