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Edit: Steven's answer seems to be in the right direction, so here's my updated answer:

It seems that 7 of the 8 words have a property that makes them the 'odd one out', and we're looking for the one that doesn't have such a property.

1. Below - ?
2. Blot - Only has 4 letters. (From Matthew and Steven)
3. Chips - ?
4. demos - Starts with a lowercase letter.
5. First - The only one with 3 consecutive consonants?
6. Gloss - The only one with a double letter (ss).
7. Begin - Does not follow the alphabetical order of the words. (From Steven)
8. Pages - Only one whose letters are not in alphabetical order.

Old answer:

The first thing noticed is of course

Edit: Steven's answer seems to be in the right direction, so here's my updated answer:

It seems that 7 of the 8 words have a property that makes them the 'odd one out', and we're looking for the one that doesn't have such a property.

1. Below - ?
 
2. Blot - The only one that doesn't have 5 letters. (From Matthew and Steven) 

3. Chips - The only one that doesn't have an anagram. (Found by Rupert)
All other words: Elbow, Bolt, Modes, Frits, Slogs, Being, Gapes

4. demos - The only one that doesn't start with a capital letter.
 
5. First - The only one with 3 consecutive consonants? 

6. Gloss - The only one with a duplicate letter. 

7. Begin - The only one in this list that doesn't follow the alphabetical order of the items,
OR the only one that cannot be turned into another word by removing one letter. (From Steven)
All other words: Blow, Lot, Hips, Demo, Fist, Loss, Page

8. Pages - The only one whose letters are not in alphabetical order.

As such, it seems the best fit for the final answer would be

1. Below.
Of course, with increasingly convoluted rules you will eventually find a way to make this word the odd one out instead. But I think this set of answers provide the simplest, most straightforward rules for all the other words.

Edit: Steven's answer seems to be in the right direction, so here's my updated answer:

It seems that 7 of the 8 words have a property that makes them the 'odd one out', and we're looking for the one that doesn't have such a property.

1. Below - ?
2. Blot - Only has 4 letters. (From Matthew and Steven)
3. Chips - ?
4. demos - Starts with a lowercase letter.
5. First - The only one with 3 consecutive consonants?
6. Gloss - The only one with a double letter (ss).
7. Begin - Does not follow the alphabetical order of the words. (From Steven)
8. Pages - Only one whose letters are not in alphabetical order.

Old answer:
The first thing noticed is of course

That 4. demos is the only one not capitalized

But of course, the title might suggest that this is just a red herring! Instead, I'm guessing the real answer is:

8. Pages
As it is the only one whose letters are not in alphabetical order.

Edit: Steven's answer seems to be in the right direction, so here's my updated answer:

It seems that 7 of the 8 words have a property that makes them the 'odd one out', and we're looking for the one that doesn't have such a property.

1. Below - ?
2. Blot - Only has 4 letters. (From Matthew and Steven)
3. Chips - ?
4. demos - Starts with a lowercase letter.
5. First - The only one with 3 consecutive consonants?
6. Gloss - The only one with a double letter (ss).
7. Begin - Does not follow the alphabetical order of the words. (From Steven)
8. Pages - Only one whose letters are not in alphabetical order.

Old answer:

The first thing noticed is of course

The first thing noticed is of course

That 4. demos is the only one not capitalized

But of course, the title might suggest that this is just a red herring! Instead, I'm guessing the real answer is:

8. Pages
As it is the only one whose letters are not in alphabetical order.

Edit: Steven's answer seems to be in the right direction, so here's my updated answer:

It seems that 7 of the 8 words have a property that makes them the 'odd one out', and we're looking for the one that doesn't have such a property.

1. Below - ?
2. Blot - Only has 4 letters. (From Matthew and Steven)
3. Chips - ?
4. demos - Starts with a lowercase letter.
5. First - The only one with 3 consecutive consonants?
6. Gloss - The only one with a double letter (ss).
7. Begin - Does not follow the alphabetical order of the words. (From Steven)
8. Pages - Only one whose letters are not in alphabetical order.

Old answer:
The first thing noticed is of course

That 4. demos is the only one not capitalized

But of course, the title might suggest that this is just a red herring! Instead, I'm guessing the real answer is:

8. Pages
As it is the only one whose letters are not in alphabetical order.