Following the completion of the League Two line-up for 2019-20, sponsors Sky Bet have released their odds ahead of the campaign.
The Iron are fourth-favourites to be Champions of League Two, while also being placed fourth to gain promotion immediately back to the third tier.
Plymouth Argyle, who were relegated with United at Home Park on the final day of the last campaign, are backed by Sky Bet to finish in first position, while Mansfield Town, who were beaten in the play-off semi-finals, in second. The other relegated side, Walsall, are fifth at 11/1.
Salford City, who will be making their debut in the EFL, are sixth-favourites to get a third successive promotion. They were promoted after beating AFC Fylde 3-0 at Wembley Stadium in the play-off final, while Champions of the National League, Leyton Orient, sit in mid-table.
Play-off runners-up Newport County are 9/2 to go one better with promotion in 2019-20.
Meanwhile at the other end of the spectrum, the Iron's closest rivals Grimsby Town are favourites to drop out of the EFL at 5/2, while Morecambe, Crawley Town and Macclesfield Town are the other three sides tipped to struggle during the campaign.
|Plymouth Argyle||8/1||Plymouth Argyle||2/1||Grimsby Town||5/2|
|Bradford City||9/1||Bradford City||5/2||Morecambe||3/1|
|Mansfield Town||10/1||Mansfield Town||5/2||Crawley Town||7/2|
|Scunthorpe United||10/1||Scunthorpe United||5/2||Macclesfield Town||7/2|
|Walsall||11/1||Salford City||3/1||Cheltenham Town||5/1|
|Forest Green Rovers||12/1||Forest Green Rovers||3/1||Port Vale||13/2|
|Carlisle United||14/1||Carlisle United||7/2||Leyton Orient||11/1|
|Colchester United||14/1||Colchester United||7/2||Crewe Alexandra||12/1|
|Leyton Orient||16/1||Leyton Orient||4/1||Newport County||12/1|
|Newport County||16/1||Swindon Town||4/1||Northampton Town||12/1|
|Swindon Town||16/1||Newport County||9/2||Oldham Athletic||12/1|
|Northampton Town||18/1||Exeter City||5/1||Cambridge United||14/1|
|Exeter City||20/1||Northampton Town||5/1||Carlisle United||20/1|
|Crewe Alexandra||25/1||Crewe Alexandra||6/1||Exeter City||20/1|
|Oldham Athletic||25/1||Oldham Athletic||6/1||Colchester United||25/1|
|Port Vale||25/1||Port Vale||6/1||Forest Green Rovers||25/1|
|Cambridge United||28/1||Cambridge United||13/2||Swindon Town||25/1|
|Cheltenham Town||40/1||Cheltenham Town||8/1||Bradford City||40/1|
|Crawley Town||40/1||Crawley Town||8/1||Scunthorpe United||40/1|
|Grimsby Town||50/1||Grimsby Town||9/1||Walsall||40/1|
|Macclesfield Town||50/1||Macclesfield Town||9/1||Mansfield Town||50/1|
For more great odds ahead of the season, visit www.skybet.com/scunthorpe and remember that every bet placed benefits the club financially.
*Odds correct as 28/05/19