Newcastle United are now 12/1 to be relegated from the Premier League after Eddie Howe left the club with immediate effect on Thursday morning — a price that has tumbled from 40/1 when the market opened in May.
The departure of the manager who ended the club’s 56-year trophy drought, coming amid a difficult summer of player sales, has sharpened every Newcastle outright market. Here are the latest bet365 prices following the news.
Disclosure: Thatsagoal is an affiliate partner of bet365 and may earn a commission if you open an account through our links. This does not affect our editorial view. Odds from bet365, correct at the time of writing and subject to fluctuation. 18+. GambleAware.org.
Newcastle 2026/27 latest outright odds
| Market | Odds |
|---|---|
| To win the Premier League | 150/1 |
| To be relegated | 12/1 |
| NOT to be relegated | 1/25 |
| To finish in the top 2 | 33/1 |
| To finish in the top 4 | 14/1 |
| To finish in the top 6 | 4/1 |
| To finish in the top half | 11/10 |
| To finish in the bottom half | 4/6 |
| To finish bottom | 66/1 |
| To finish higher than Sunderland | 2/7 |
All odds bet365, correct at the time of writing. 18+. GambleAware.org.
How far have Newcastle’s relegation odds moved?
A long way, and fast. Newcastle were 40/1 to be relegated when the 2026/27 market first opened in May. That price had already shortened to 20/1 through a frustrating summer, and it was cut again to 12/1 as reports of Howe’s departure emerged on Thursday morning.
bet365’s Steve Freeth summed up the money: “Newcastle were popular for relegation before news of Eddie Howe’s reported departure, but we’re motoring towards 1,000 bets taken since they kicked off v Bristol City last night. Opened 40/1 in May & now 20/1 into 12/1!”
Even so, the market still makes staying up the strong likelihood — 1/25 not to be relegated — with 12/1 reflecting heightened uncertainty rather than an expectation of the drop.
Why has Eddie Howe left Newcastle?
Reports on Thursday morning confirmed Howe had stepped down with immediate effect after nearly five years in charge. The 48-year-old, who replaced Steve Bruce in November 2021, leaves as one of the club’s greatest modern managers: he led Newcastle to Champions League qualification in 2023 and 2025 and, in 2025, ended a 56-year wait for a major trophy by winning the League Cup.
His exit follows a bruising 12th-place finish last season — the club’s worst under him — and a difficult summer. Newcastle have already lost Sandro Tonali to Tottenham in a club-record £100m deal and Anthony Gordon to Barcelona, missed out on target Johan Manzambi to Aston Villa, and continue to face speculation over captain Bruno Guimaraes, linked with Arsenal. According to reports, Matthias Jaissle of Al Ahli is the early favourite to replace him.
What do the odds say about Newcastle’s season?
The market paints a side braced for a step back rather than a collapse. Newcastle are a best price of 11/10 to finish in the top half but 4/6 for the bottom half — bookmakers now lean, narrowly, towards a lower-half finish. A top-six return is out to 4/1 and the top four 14/1, a marked drift for a club that was competing in the Champions League last season.
There is one derby comfort for Newcastle fans: they remain strong 2/7 favourites to finish above newly promoted Sunderland, a Tyne-Wear pecking order the market still expects to hold.
Newcastle’s opening fixtures
The new manager, whoever it is, faces an immediate test. Newcastle open the 2026/27 campaign at home to Liverpool on 23 August, and their first six games are:
- Liverpool (H)
- Tottenham (A)
- Bournemouth (H)
- Leeds (A)
- Hull (H)
- Coventry (A)
Where to bet on Newcastle’s season
All the prices above are from bet365, who price up the full range of Newcastle outright markets. Odds are moving quickly on the back of the news, so compare before betting — our football odds hub tracks the wider market.
Frequently asked questions
What are Newcastle’s relegation odds after Eddie Howe left?
Newcastle are 12/1 to be relegated with bet365, cut from 40/1 when the market opened in May and 20/1 earlier in the summer.
Why did Eddie Howe leave Newcastle?
He stepped down with immediate effect on 30 July 2026 after nearly five years, following a 12th-place finish last season and a summer of key player sales.
Who is favourite to be the new Newcastle manager?
Matthias Jaissle of Al Ahli is the early favourite to replace Howe, according to reports.
Are Newcastle expected to go down?
No. Newcastle are 1/25 not to be relegated — the 12/1 relegation price reflects uncertainty, not an expectation of the drop.
When do Newcastle start the 2026/27 season?
At home to Liverpool on 23 August 2026.
More football odds: Latest football odds · Next Premier League manager odds · When does the 2026/27 Premier League season start? · Best football betting sites
Odds were correct at the time of writing and are subject to change. 18+. Please gamble responsibly. Never bet more than you can afford to lose. GambleAware.org · GamCare.org.uk.
Andy is the founder, owner and editor of thatsagoal.com, with over 20 years of experience in betting on sports. He has a keen eye for stats, particularly when looking at players to be carded, and these form a large part of the bet builder tips you see on the site. As well as creating daily football tips, Andy also keeps thatsagoal updated with all the best bookmaker promotions and offers for our readers.
