Yes, I think that would be the case.
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Paddy Power seemed to be the only option, at 25/1. I use the past tense because they seem to have pulled it. According to Oddschecker "Notts to be relegated at 25/1" was far and away the most popular bet, and that's obviously triggered a reaction. My guess is that when the option reappears, the odds won't be anything like 25/1.
I’m putting £25 on Notts to get promoted back to L2 - now, what was that story about the rats leaving a sinking ship?