Rafa Benitez’s departure has seen Newcastle United’s odds on relegation slashed.
The Magpies confirmed that the Spaniard would be leaving after three-years in charge, after they failed to agree a new contract.
Now with Benitez leaving Betway has cut the odds on Newcastle being relegated next season from 11/2 to 10/3.
The leading online bookmaker has also shortened their odds of a bottom-half finish, now 4/9 from 4/7, while they can be backed at 400/1 to pull off a major shock and land a first Premier League title.
Betway’s Alan Alger said: “Much of the Newcastle faithful will be very disappointed to see Rafa Benitez leave and we think his departure is likely to put a dent in their hopes for next season.
“Without Benitez in the hot-seat, Newcastle are out to 13/8 from 11/10 to celebrate a top-half finish, while it’s 10/3 from 11/2 that they are sent back down to play Championship football for the first time since 2017.”