I bet they made those odds based on how teams performed in the just concluded season. Regardless of the odds, Liverpool has a pretty good shot at winning the PL title again. This season, we'll get more reinforcement for our squad. My moneyis on Liverpool and not even Chelsea or Man City.
Nobody can predict who will win the EPL title until the winner begging to surface after over 20 or even more matches have already being played by each clubs. It can be Liverpool, it can be Man City, it can be any of the other strong clubs that will win next season EPL title. But what if do know is that Man City get a better chance, though my prediction is not accurate now because the season has not even started yet, but when Man City are not even strong at wining other league like European Champions League, it still have its way winning EPL. This is just a prediction based on frequent winning over the last 5 years, my prediction is not professionally and totally accurate.