Leicester City are the early League One favourites at 5/2, with Sheffield Wednesday, Luton Town and Stockport also in the hunt for the title.
The market points to a tight race, but the League One winner conversation already has plenty of bite – and William Hill assess the current state of the market ahead of the new campaign.
Who are the favourites to win League One in 2026/27?
Leicester City lead the way in the 2026/27 League One winner market at 5/2, and that price looks fair for a side with top-end quality and recent Premier League pedigree.
Sheffield Wednesday sit among the main challengers, while Luton Town and Stockport are also respected in the to win League One odds for the new campaign. Those names give the race real depth and make these League One predictions far from straightforward.
Leicester City’s odds matter because the Foxes arrive with the strongest profile in the division, but the market is clearly keeping an eye on dark horses. Sheffield Wednesday bring size and expectation, Luton know how to compete, and Stockport have shown they can carry momentum.
What clubs were relegated into League One last season?
Leicester City, Sheffield Wednesday, and Oxford United dropped into League One from the Championship last season, turning the division into a heavyweight battleground.
Leicester are the obvious headline act to join the League One news circuit, but Sheffield Wednesday and Oxford also add real standing to the promotion race. Any League One winner will have to earn it against clubs that expect to be near the top rather than simply survive.
Those relegations changed the shape of the division. When clubs with that level of support and ambition land in League One, the standard at the top usually rises fast.
That is good news for anyone following the 2026/27 League One betting lines, because the title race should stay lively deep into the season.
Which teams were promoted into League One last season?
Bromley, MK Dons, Cambridge United, and Notts County were promoted into League One from League Two last season. Each adds a different angle to the division, from Bromley’s rise to the more familiar league presence of MK Dons, Cambridge United, and Notts County.
Promoted clubs often bring energy, but the jump in level is always a test. That matters for League One predictions because a strong start from one of these sides can distort the title picture, even if the market still points towards the bigger names. A smart League One winner call has to respect that unpredictability.
Who will win League One 2026/27?
Leicester City are the rightful favourites and the most convincing League One winner pick on paper. Their 5/2 quote reflects the strongest blend of squad status, ambition, and recent experience at a higher level.
If you are weighing up the 2026/27 League One winner odds, Leicester look to be the most complete option and the team is most likely to justify the market. Even so, League One has a habit of making tidy forecasts look silly.
Sheffield Wednesday, Luton Town, and Stockport all have enough about them to keep the pressure on, and that is before the rest of a very capable division gets involved. The safest view is that Leicester are the team to beat, but this League One winner race could still turn into a proper scrap.
*Odds subject to change – prices accurate at the time of writing*
