The bookies that gave Arsenal 7 odds don't know what they are doing. How can they give Arsenal 7 odds to win the champions League. Arsenal should be given like 5,000 odds to win the trophy. Arsenal haven't won a single champions League trophy and the last two seasons that they were hot, they couldn't win the champions League. Now that they are not in their best form they are giving them 7 odds to win the trophy. To me that's totally insane. Even Manchester city at their worst form this season, Arsenal can't win them in the champions League final. Why are give Inter Milan 15 odds and Arsenal 7 odds, what exactly has Arsenal achieved this season that made the bookies think they are deserving of the champions League trophy. Barcelona and Real Madrid will comfortably beat Arsenal if they are drawn together, so it's not right to rank them together in same odds range.
The main reason bookmakers give smaller odds to Arsenal compared to Man City, Inter and Munich is because bookmakers still consider Arsenal's current position which is above the three big teams. Bookmakers also consider several factors such as Arsenal's current performance looks better. While in this UCL we cannot ignore any team even though there are other teams that are more experienced, but other teams also have the opportunity to compete in this UCL until the final round. Even though I am a Madrid fan, I will not underestimate Arsenal who could give a big surprise this season.
This year, Arsenal and Liverpool are also very good. Last year's champion Real Madrid suffered unexpected points losses in the Champions League this year. Due to these points losses, they could not make it into the top eight. This will put them in a difficult Playoff round. If they experience a surprise in this Playoff round and suffer a defeat, they will have to leave the Champions League early. Perhaps the reason why bookmakers give Manchester City or some other teams a lower chance of winning the championship is because of the Playoffs they will play.