West Ham United lead promotion markets at implied probabilities around 65 percent after relegation, backed by parachute payments, squad depth, and manager Nuno Espírito Santo’s track record. Wolves and Burnley follow closely among the three sides dropping from the Premier League, while Middlesbrough sit prominent after a strong summer window and prior playoff final appearance. The expanded playoff format now sends six teams upward, heightening contention from mid-table sides like Millwall, who lead the early 2026/27 table after two wins, and others such as West Bromwich Albion. Early results show typical Championship volatility, with several favorites dropping points amid a 46-game slog that rewards consistency, home form, and injury management over the full campaign.