Gunners Cut as Man City Exit
Arsenal are now as short as 20/1 to win the Champions League after they secured their place in the last 16 on Wednesday night while eliminated Manchester City have now been priced up at 33/1 with Coral to lift the Europa League.
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Second-half goals for Jack Wilshere - his first in almost two years - and Lukas Podolski helped the Gunners beat Montpellier 2-0 at the Emirates Stadium - a result which makes sure of at least second place in Group B after leaders Schalke defeated Olympiacos.
Arsenal, who are 20/1 at bet365 but as big as 28/1 at BetVictor, must now win in Athens in a fortnight to stand any chance of finishing top and so head into the knockout stages as one of the seeds.
By contrast, Man City's hopes of reaching the last 16 were ended following a battling 1-1 draw against 10-man Real Madrid at the Etihad Stadium.
Karim Benzema gave the Spanish giants the lead but City grew in confidence after switching formations and Sergio Aguero levelled from the spot after Alvaro Arbeloa was sent off.
City poured forward in search of a winner in the closing stages but it was not to be and the result leaves them with just three points at the bottom of Group D and unable to progress.
Roberto Mancini's side must now win away at group winners Borussia Dortmund to stand a chance of claiming third spot and a place in the Europa League ahead of Ajax, who play at Real Madrid in their final game.
"If Man City do go on to qualify for the Europa League, it will be interesting to see if Roberto Mancini decides to rest any of his key players and concentrate on the league," said Coral's Tim Reynolds.
"An understrength City could struggle, whereas a full strength side would be more than capable of lifting the Europa League trophy."
If Mancini fails to deliver any silverware this season, the Italian's reign could come under threat. It's 8/11 for Man City to end the season potless and 2/1 for Mancini to leave City before the end of the season.
Meanwhile Barcelona are Champions League favourites at a general 5/2 while Real Madrid (7/2 BetVictor), Bayern Munich (8/1 Ladbrokes) and Borussia Dortmund (9/1 General) are next in the running.
Manchester United are 10/1 after sealing their progression on Tuesday night but Chelsea are as big as 50/1 following their defeat to Juventus. Celtic are 200/1 in places.