Arsenal are 6.5 favourites in bwin’s Europa League winner odds after being drawn to face PSV Eindhoven, Bodo/Glimt and FC Zurich in Group A.
The Gunners reached the final in 2019, when losing out to London rivals Chelsea, and will be eyeing another good run under Mikel Arteta.
“We have to go for every competition that we are present in – and try to win it,” declared the head coach.
“We’ll go step by step and start to prepare for the competition in the best possible way.
“It’s a completely unprecedented season, not only because we are going to be playing a lot of weeks with two or three games, but especially because we have the World Cup coming up.
“We don’t know how that’s going to affect us, so we have to look at the overall picture. The preparation and the organisation is being done in regards to that.”
PSV, who are managed by Ruud van Nistelrooy, dropped down from the Champions League after losing their play-off tie with Rangers.
FC Zurich progressed to the group stages of the Europa League by beating Hearts 3-1 on aggregate in their play-off tie.
Bodo/Glimt made it through three Champions League qualifying rounds before finding Dynamo Zagreb too strong.
Red Devils rated best of the rest
Manchester United are next best in the betting at 8.5 after being paired with Real Sociedad, Sheriff Tiraspol and Omonoia in Group E.
The Red Devils lifted this trophy in 2017 and were beaten finalists in 2021, only losing out on penalties to Villarreal.
Spain’s Real Sociedad, who are 26.0, will be expected to provide the toughest competition in the pool for Erik ten Hag’s United.
But Moldovan side Sheriff stunned Real Madrid in the Champions League last season by beating the eventual winners of the competition 2-1 during the group stage in Spain.
Former Celtic manager Neil Lennon is the manager of Cypriot team Omonoia and guided them into the group stages with a 4-0 aggregate victory over Belgian side Gent.
Jose Mourinho’s Roma can be backed at 15.0 ahead of facing Ludogorets, Real Betis and HJK Helsinki in Group C.
Lazio are 21.0 in bwin’s Europa League winner odds after being paired with Feyenoord, Midtjylland and Sturm Graz in Group F.
Group B features Dynamo Kyiv, Rennes, Fenerbahce and AEK Larnaca, while Braga, Malmo, Union Berlin and St Gilloise are in Group D.
Olympiacos, Qarabag, Freiburg and Nantes will battle it out in Group G, while Group H consists of Crvena Zvezda, Monaco, Ferencvaros and Trabzonspor.
The final will be held at Puskas Arena in Budapest on May 31 and bwin are official betting partners of the Europa League.
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