Relegation odds refer to the statistical likelihood of a team being demoted to a lower division in a league, typically based on their performance throughout the season. These odds are influenced by various factors, including current standings, recent form, injuries, and the strength of remaining fixtures. Betting markets often provide insights into these probabilities, reflecting public sentiment and expert analysis. As the season progresses, teams fighting to avoid relegation may see their odds fluctuate dramatically, making it a critical aspect of both sports analysis and betting strategies.