Arsene Wenger has conceded his team are no longer in the 2011-12 Premier League title race after watching them lose to rivals Tottenham in the north London derby on Sunday.
The Gunners were bwin’s fourth-favourites to finish the season in first back in June with odds of 6/1.
However, their odds have lengthened considerably since then following the sale of key players and a succession of high-profile defeats, the latest of which left them 14 places and 12 points behind league leaders Manchester United.
As such, they are now 66/1 shots to win the title, with Liverpool and Tottenham having moved ahead of them in the betting market.
According to Wenger, the Premier League trophy is now out of reach and it is time Arsenal lowered their sights to finishing in the top four.
“At the moment we have to set ourselves a realistic target to get in touch with those teams who are fighting to stay in the Champions League. To say we will win the league is not realistic,” he commented.
“We are 12 points behind Manchester United and Manchester City so it is not realistic today to say that we will win the league. We have to fight to come back into a much better position.”
While this suggests there is little point in betting on Arsenal to win the title at 66/1, there could still be value in a top-four bet.
The Gunners are 11/4 shots to claim a Champions League qualification place, making them sixth-favourites behind Man Utd, Man City, Chelsea, Liverpool and Spurs,
Nevertheless, Wenger’s men are slowly improving – before the Spurs game, their last visit to a team with top-four pretensions ended in an 8-2 defeat – and, should they click into gear, 11/4 will be an extremely attractive price.
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