Arsenal out to 20/1 for CL glory
Arsenal have drifted out to 20/1 with a number of bookies to win the Champions League after a 2-0 defeat at Napoli on Wednesday night denied them top spot in Group F.
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With Borussia Dortmund beating Marseille in the night's other game, the German outfit leapfrogged the Gunners, who will now be pitted against one of the group winners in Monday's last-16 draw.
Nevertheless Arsenal will be relieved just to be in the knockout stages having avoided the 3-0 scoreline which would have seen Napoli progress and Arsenal drop into the Europa League.
888sport and Unibet actually offer 21/1 but bet win-only.
Dortmund, who needed Kevin Grosskreutz's winner four minutes from time to go through, are now a best of 14/1 while Napoli enter the Europa League betting at 10/1.
Already-qualified Chelsea sealed top spot in Group E with a low-key 1-0 victory over Steaua Bucharest.
The Blues have subsequently been trimmed to 14/1 to lift Europe's greatest prize with some firms but are still a best of 16/1 with Betfred and totesport.
So with the final 16 teams now known, Bayern Munich head the market at a general 5/2 while Barcelona and Real Madrid are next in the betting at 9/2 and 11/2 respectively.
The English quartet of Manchester City (14/1), Chelsea (16/1), Manchester United (18/1) and Arsenal (20/1) are grouped in with the next batch of sides regarded as realistic contenders along with PSG (16/1) and Atletico Madrid (18/1). The latter were tipped up by our Ben Linfoot at 40/1 ante-post.
Man City: R Madrid, PSG, B Dortmund
A Madrid, Barcelona
Man Utd: Galatasaray, Olympiacos, Schalke, Zenit, AC Milan
Chelsea: B Leverkusen, Galatasaray, Olympiacos, Zenit, AC Milan
Arsenal: R Madrid, PSG, B Munich, A Madrid, Barcelona
AC Milan are 66/1 (Coral, bwin) after sneaking into the last 16 at the expense of Ajax while Bayer Leverkusen (125/1), Zenit St Petersburg (200/1), Galatasaray (250/1), Schalke (250/1) and Olympiacos (400/1) are the other sides in the running.
The group winners will be drawn against the group runners-up on Monday at 1100 GMT. Teams from the same country will not be allowed to face each other in the last 16; neither will teams who met in the group stage.
It's currently 4/1 (Coral) that an English side wins the competition, with an all-English final in Lisbon next May a 16/1 shot at William Hill.
In terms of which Premier League side will progress the furthest, the bookies are split.
BetVictor make Chelsea and Manchester City 9/4 joint favourites. However, Hill's feel City's looming tought last-16 draw makes them unlikely market winners.
They have 2011/12 winners Chelsea at 6/4 with City out at 3/1, behind rivals United at 5/2. Arsenal are their 7/2 outsiders.
Zenit St Petersburg