Leicester are the 5/1 favourites with EFL title sponsors Sky Bet to win the Championship title next season.
The Foxes were relegated from the Premier League on the final day on Sunday, despite securing a 2-1 victory over West Ham in front of their own supporters.
Leeds, who also dropped down in their last game with a dismal performance against Tottenham, are 11/2 second-favourites with a summer of significant change expected at Elland Road.
Sky Bet Championship 23/24 winner (via Sky Bet)
- Leicester - 5/1
- Leeds - 11/2
- Middlesbrough - 10/1
- Southampton - 10/1
- Ipswich - 14/1
- Norwich - 14/1
- Watford - 14/1
- West Brom - 14/1
Odds correct at 1605 BST (30/05/23)
Southampton, who dropped out of the top-flight as the last placed team following an uncompetitive campaign, are priced at 10/1 alongside Middlesbrough, who were beaten in the play-off semi-finals.
That came against Coventry, and they are 25/1 outsiders despite being a penalty shootout away from promotion in the final.
In terms of promotion, Leicester are 13/8 while Leeds are 7/4, making it clear that the two who went down on the final day are fancied to make an instant return.
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