Market Moves: Manchester City odds-on for Premier League title
We’re seven games into the English Premier League season, and the field is starting to take shape after the early-season skirmishes.
Manchester City have been installed as odds-on favorites for the Premier League title after a blistering start to the campaign.
City are averaging more than three goals a game as they’ve blitzed their way to the top of the table with six wins and one draw in their opening seven matches.
City’s cross-town rivals, Manchester United, have leapt up the list, leapfrogging Chelsea to sit in the second-favorite’s spot. Jose Mourinho’s men sit second in the table, equal on points with City on 19, with just one goal separating the pair.
United were 15/4 pre-season, but have been shortened slightly with the best available price here in the UK currently 3/1 on a United title win.
While the two Manchester clubs’ odds were shortened by the bookies, the rest of the contenders at the top end of the Premier League saw their odds lengthened as the oddsmakers in the UK took the view that the title is set to be a battle between the local Mancunian rivals.
It means Chelsea, who started the season as the 7/2 second-favorites for the title, have drifted out significantly to 9/1, while Tottenham have seen their odds widen from 9/1 to 20/1.
Liverpool have drifted from 14/1 to 35/1, but the biggest drifters of the top six are Arsenal. Arsene Wenger’s side were considered fringe contenders at best, priced at 14/1 before the season kicked off. But after winning four, drawing one and losing two of their opening seven games, they sit sixth in the table and are now a whopping 40/1 to win the title.
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[Photo credit: Oldelpaso on Wikimedia Commons]