Sheffield Wednesday Betting Odds

The Sheffield Wednesday betting markets are heating up as fans try to figure out what type of season the Owls are going to have. Can they avoid relegation again, or will luck finally catch up with them?

The Owls have a proud history going back to 1867. The club was originally an offshoot of The Wednesday Cricket Club. Despite being one of the founding members of the English Premier League back in 1992, Sheffield Wednesday hasn’t played the Prem since 2000. Fans are hoping they’ll one day return to the glory days and add a few additions to their trophy cabinet, which includes three FA Cups and four league titles.

Sheffield Wednesday pulled off a Houdini act last season. Everyone and their grandma thought they were doomed to be playing League One in 2024-2025. However, thanks to an incredible end-of-season run of form, the Owls managed to finish 20th, just out of the relegation zone.

Things were a lot different for Sheffield Wednesday in 2022-2023. The club lined up for their consecutive season in the League One and quickly established themselves as one of the top teams in the competition. They ended up finishing in third place with the second-best goal difference. To secure their promotion, Sheffield Wednesday defeated Barnsley 1-0 in the playoffs.

Sheffield Wednesday Relegation Odds

Sheffield Wednesday’s 2023-2024 season was a real mixed bag. If they play like they did at the end of the season, where they won three in a row, then relegation is out of the question.

However, don’t let recency bias cloud your judgement. For most of the season, the Owls were terrible. If it hadn’t been for a streak of red-hot form, we wouldn’t even be having this conversation right now, and bettors who backed Sheffield Wednesday relegations odds would be celebrating.

It stands to reason that Sheffield Wednesday got lucky at the end of last season and will likely return to the typically subpar form we saw through their campaign. If that is the case, there is a strong chance that based on the current Sheffield Wednesday odds, the Owls will be back in League One after next season.

A worrying trend to look out for next season, which could result in the Owls being relegated, is Sheffield Wednesday’s leaky defence. Only four teams in the whole Championship conceded more goals than the Owls.

Also, incredibly, Sheffield Wednesday didn’t win a single penalty last season while giving up five. It makes it that much harder to back Sheffield Wednesday to stay up odds if the Owls can't pick up easy goals from the penalty mark.

Sheffield Wednesday Promotion Odds

Sheffield Wednesday hasn’t played in the EPL since 2000, but unlike most clubs, they have a lot of top-flight experience. While the Sheffield Wednesday promotion odds are long, strange things have happened in football.

Fortunately for current manager Danny Röhl, he’s got most of the squad that won promotion to the Championship in 2022-2023. The club will be eager to show fans and doubters that they can still play world-class football and that their end-of-season form in 2023-2024 wasn’t a fluke.

If Sheffield Wednesday can play like they did in their last five matches of 2023-2024, then the Owls will easily make the top six and be in the hunt for promotion. During their last five games, they won three matches and drew the other two and really looked like title contenders. However, it remains to be seen if they can keep that form for an entire season. If you're backing odds on Sheffield Wednesday to get promoted, let’s hope so!