EPL Title Odds 2024-25: Liverpool Minus-Money Favorites, Chelsea Surge
Liverpool's Gameweek 15 Merseyside Derby match was postponed due to weather following their disappointing draw against Newcastle, but they remain minus-money favorites by the latest Premier League odds thanks to Arsenal's slip at Fulham.
Meanwhile, Manchester City simply can't stop the bleeding. They finally ended their winless streak in Gameweek 14 against Nottingham Forest just to draw Crystal Palace in their latest game. As a result, they're now an unfathomable fourth on the oddsboard, with odds as long as +1000.
Arsenal follow closely behind Liverpool with +300 odds, but it's actually Chelsea who are second in the Premier League table on 31 points. Chelsea are still trading at +750, though.
Liverpool are the most complete team in England despite the leaky performance against Newcastle. They've conceded an absurd 11 goals all season, and their odds continue to shorten at our best sports betting apps as a result.
Premier League title odds
Premier League favorite
Liverpool (-140)
Liverpool put together their most complete victory of the season in Gameweek 13 after facing some drama the previous match against lowly Southampton. They destroyed Manchester City, with the final 2-0 score really not representing just how lopsided it was. However, inconsistency struck the following match, resulting in a 3-3 draw at Newcastle.
Liverpool have played a noticeably different, more methodical style of football under new manager Arne Slot, which has resulted in seven clean sheets through 14 games.
Their odds shortened from +800 since Gameweek 4 to a best price that carries an implied probability of 58% that they'll win the league. Are we witnessing the beginning of the Slot Era?
Best odds: -140 via BetMGM | Implied probability: 58.33%
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My Premier League team to watch
Arsenal (+300)
You could make the argument to include Chelsea in this section, since they're actually in second and are trading at much better +750 odds.
However, I think Chelsea are still a year away from truly finding another gear, and if anyone is going to stop the runaway train that is Liverpool, the most likely candidates are Arsenal.
The Gunners have failed to capitalize on back-to-back strong seasons, finishing as the first runners-up behind City. However, Arsenal look to be in their best spot yet to win it all.
They're loaded with world-class talent, and City are crumbling before our eyes.
Arsenal rebounded from a few ugly results, and they appear to be rounding back into form since Martin Odegaard made his return from injury.
Best odds: +300 via Caesars | Implied probability: 25%
2024 Premier League odds over time
(Latest odds via DraftKings)
| Team | Opening odds (May 20) | Odds on Aug. 15 | Odds on Dec. 9 |
|---|---|---|---|
| Man City | -125 | +137 | +900 |
| Arsenal | +300 | +162 | +250 |
| Liverpool | +800 | +700 | -155 |
| Chelsea | +1600 | +2000 | +750 |
| Manchester United | +2000 | +2000 | +25000 |
| Newcastle | +3300 | +3300 | +25000 |
| Tottenham | +3300 | +2500 | +25000 |
| Aston Villa | +5000 | +6600 | +25000 |
| Brighton | +10000 | +15000 | +25000 |
| West Ham United | +15000 | +20000 | +100000 |
Past Premier League champions
| Team | Year | Preseason odds |
|---|---|---|
| Man City | 2024 | -150 |
| Man City | 2023 | -140 |
| Man City | 2022 | -145 |
| Man City | 2021 | +150 |
| Liverpool | 2020 | +300 |
| Man City | 2019 | -150 |
| Man City | 2018 | +175 |
| Chelsea | 2017 | +600 |
| Leicester | 2016 | +500000 |
| Chelsea | 2015 | +185 |
How to read Premier League title odds
Premier League title odds reflect the probability of each English Premier League team winning the championship and are typically presented in American odds format (+XXX). Lower odds signify favoritism, while higher odds indicate underdog status.
A team with +750 odds to win the Premier League is given an 11.76% implied probability of doing so with a $10 bet returning a $75 profit with a victory. A team with +1500 odds would have higher or longer odds, and a lower implied probability of 6.25%, but a win on a $10 bet would return a profit of $150.
Bettors should consider team performance, roster strength, injuries, and historical trends when assessing odds. By comparing odds across sportsbooks, individuals can make informed betting decisions during the Premier League season.
Premier League title FAQs
Who are the premier league favorites?
Liverpool are the 2024-25 Premier League title favorites with odds of -140 at BetMGM. Those odds imply a 58.33% win probability, and a winning bet would pay $17.14 on a $10 wager for a profit of $7.14.
Who won the Premier League last year?
Man City are coming off four successive Premier League titles and will seek a fifth consecutive championship in 2025.
When will the Premier League start in 2024-25?
The 2024-25 Premier League season got underway on Aug. 16.
Who was promoted to the Premier League in 2024-25?
Leicester City, Ipswich Town, and Southampton joined the Premier League for this season after earning promotion via the EFL Championship. They replaced Luton Town, Burnley, and Sheffield United.
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