Leicester have been priced up at 6/1 favourites to win the Championship title in 2023/24 after their final day relegation from the Premier League.
The Foxes went into their home game with West Ham needing a victory to give themselves a chance of a last day reprieve.
Goals from Harvey Barnes and Wout Faes helped Leicester to a 2-1 victory to ensure all the pressure was on Merseyside.
However, their victory was in vain as Everton, who started the day in the driving seat, were able to beat Bournemouth 1-0 to condemn Leicester to a shock relegation to the second tier.
Leicester will be joined in the Championship by Leeds, who were unable to avoid the drop after their 4-1 defeat to Tottenham, and Southampton, whose fate has been known for a couple of weeks.
bet365's Steve Freeth said: "Leicester did what they had to do in beating West Ham, but they were relying on results elsewhere going their way and now find themselves back in the Championship with Everton keeping their nerve.
"The only consolation is that they’re favourites to come straight back up, but the odds suggest they’ll have to do it without the likes of James Maddison and Harvey Barnes, plus there is also the small matter of who will be in the dugout."
Time will tell on whether interim boss Dean Smith is given the position full-time, but whoever is in charge is likely to face a squad overhaul.
Newcastle United are amongst the favourites to sign England duo James Maddison and Harvey Barnes, while Belgian international Youri Tielemans will surely depart for a top-flight club.
The likes of Wilfred Ndidi, Timothy Castagne and Kelechi Iheanacho are also unlikely to fancy the challenge of Championship football.
Leicester will be hoping to rely on the experience of Jamie Vardy and Jonny Evans but they may fancy one last crack at Premier League football.
The resale value of the squad does stand Leicester in good stead, however, and if they can add some new faces to some of their remaining Premier League stars, bouncing back at the first attempt could be a possibility.