Despite finishing 13th last season, William Hill have put City at 9/2 to win Division 3 in 2003/04.
Cheltenham and Huddersfield are backed at 8/1 and 9/1 respectively to bounce straight back to Division 2 after being relegated.
Scunthorpe are 11/1, while Conference winners Yeovil are 12/1.
Carlisle are the league's outsiders at 40/1 after escaping relegation by just a point last season.
In full:
Hull City 9/2
Cheltenham Town 8/1
Huddersfield Town 9/1
Scunthorpe United 11/1
Mansfield Town 11/1
Yeovil Town 12/1
Oxford United 12/1
Darlington 12/1
Bury 12/1
Northampton Town 14/1
Lincoln City 16/1
Kidderminster Harriers 16/1
York City 20/1
Torquay United 20/1
Rochdale 25/1
Leyton Orient 25/1
Doncaster Rovers 25/1
Cambridge United 25/1
Bristol Rovers 25/1
Boston United 25/1
Swansea City 33/1
Southend United 33/1
Macclesfield Town 33/1
Carlisle United 40/1