| 23-Aug-47 | Crystal Palace | Home | League | 1-1 | Sales (pen) | 18243 | |
| 28-Aug-47 | Walsall | Away | League | 1-3 | Baynham | 17301 | |
| 30-Aug-47 | Exeter City | Away | League | 1-1 | Thompson (og) | 9413 | |
| 4-Sep-47 | Walsall | Home | League | 0-1 | | 12708 | |
| 6-Sep-47 | Newport County | Home | League | 2-2 | Naylor, Gray | 14407 | |
| 11-Sep-47 | Bristol City | Home | League | 0-2 | | 10883 | |
| 13-Sep-47 | Southend United | Away | League | 1-2 | Hunt | 10019 | |
| 17-Sep-47 | Bristol City | Away | League | 0-6 | | 16788 | |
| 20-Sep-47 | Notts County | Home | League | 2-1 | Naylor, Sales (pen) | 11508 | |
| 27-Sep-47 | Swansea Town | Away | League | 0-5 | | 16576 | |
| 4-Oct-47 | Bournemouth & Boscombe Athletic | Home | League | 2-0 | Johnson. Hunt | 11704 | |
| 11-Oct-47 | Aldershot | Home | League | 0-3 | | 12973 | |
| 18-Oct-47 | Northampton Town | Away | League | 1-1 | Smith | 9419 | |
| 25-Oct-47 | Bristol Rovers | Home | League | 2-4 | Sales (pen), Pullen | 11164 | |
| 1-Nov-47 | Norwich City | Away | League | 0-3 | | 17896 | |
| 8-Nov-47 | Brighton & Hove Albion | Home | League | 2-1 | Pullen (2) | 2480 | |
| 15-Nov-47 | Watford | Away | League | 1-2 | Neary | 8942 | |
| 22-Nov-47 | Queens Park Rangers | Home | League | 1-3 | Baynham | 16915 | |
| 29-Nov-47 | Gillingham | Away | FAC r1 | 0-1 | | 15517 | |
| 6-Dec-47 | Swindon Town | Home | League | 0-3 | | 6298 | |
| 20-Dec-47 | Crystal Palace | Away | League | 0-2 | | 9994 | |
| 26-Dec-47 | Reading | Away | League | 2-6 | Pullen, Chapman | 13750 | |
| 27-Dec-47 | Reading | Home | League | 2-2 | Neary, Baynham | 5651 | |
| 3-Jan-48 | Exeter City | Home | League | 2-4 | Chapman, Neary (pen) | 9089 | |
| 10-Jan-48 | Port Vale | Away | League | 0-3 | | 12225 | |
| 17-Jan-48 | Newport County | Away | League | 2-3 | Pullen (2) | 10255 | |
| 24-Jan-48 | Torquay United | Away | League | 1-0 | Chapman, Neary (pen) | 6054 | |
| 31-Jan-48 | Southend United | Home | League | 2-0 | Neary, Pullen | 13306 | |
| 7-Feb-48 | Notts County | Away | League | 4-1 | Pullen (2), Neary, Chapman | 28875 | |
| 14-Feb-48 | Swansea Town | Home | League | 1-0 | Neary | 16809 | |
| 21-Feb-48 | Bournemouth & Boscombe Athletic | Away | League | 1-0 | Hunt | 13371 | |
| 28-Feb-48 | Aldershot | Away | League | 0-0 | | 7047 | |
| 6-Mar-48 | Northampton Town | Home | League | 5-0 | Naylor (2), Neary, Pullen, Smalley (og) | 14714 | |
| 13-Mar-48 | Bristol Rovers | Away | League | 2-0 | Chapman, Neary | 12335 | |
| 20-Mar-48 | Norwich City | Home | League | 2-1 | Naylor, Chapman | 18220 | |
| 26-Mar-48 | Ipswich Town | Home | League | 1-1 | Neary | 24864 | |
| 27-Mar-48 | Brighton & Hove Albion | Away | League | 0-0 | | 19026 | |
| 29-Mar-48 | Ipswich Town | Away | League | 0-1 | | 16349 | |
| 3-Apr-48 | Watford | Home | League | 0-2 | | 13483 | |
| 10-Apr-48 | Queens Park Rangers | Away | League | 2-1 | Neary (2) | 27480 | |
| 17-Apr-48 | Port Vale | Home | League | 0-0 | | 12430 | |
| 24-Apr-48 | Swindon Town | Away | League | 1-0 | | 10075 | |
| 1-May-48 | Torquay United | Home | League | 4-1 | Neary (3, 1 pen), Naylor | 12387 | |
