Town installed as fifth favourites for League One title
The Hatters, back in the third tier of English football for the first time in a decade, are 12/1 with the bookies to win the title, the same price as Scunthorpe, with Nathan Jones' side 7/2 to go up automatically and 12/1 to make an immediate return to League Two.
Sunderland are unsurprisingly the favourites at 11/4, with fellow relegated side Barnsley second at 8/1, while Charlton Athletic and Portsmouth are joint third on 11/1.
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Hide AdAccrington and Wycombe, who came up with Luton last season, are both 100/1, with play-off winners Coventry given odds of 20/1.
Full odds (to win League One): Sunderland, 11/4; Barnsley 8/1; Charlton Athletic 11/1; Portsmouth 11/1; Luton Town 12/1; Scunthorpe United 12/1; Peterborough United 16/1; Coventry City 20/1; Bradford City 25/1; Bristol Rovers 28/1; Burton Albion 28/1; Oxford United 28/1; Southend United 28/1; Blackpool 33/1; Doncaster Rovers 33/1; Fleetwood Town 33/1; Rochdale 33/1; Shrewsbury Town 33/1; Plymouth Argyle 40/1; AFC Wimbledon 50/1; Gillingham 66/1; Walsall 66/1; Accrington Stanley 100/1; Wycombe Wanderers 100/1.