However, it's pity to see Arsenal being placed above City. I'd prefer to put City over Arsenal but considering this is the start, and it may happen at the middle of season.
I'm not sure what factors bookies consider when they calculate the odds, but why do you put Arsenal below City? Is it only because of signings? Last time I checked, Arsenal is still pursuing Gyokeres, while Man City is looking to sign youngsters, afaik. Kinda surreal seeing City not splurging another 100+ million every transfer window (or maybe they haven't found the target yet).