The Ronaldo Effect.
As the world has reeled at the enormous sum of money paid for Christiano Ronaldo by Real Madrid, the betting markets have followed suit. It seems that bookies have been shifting their ante post premiership prices in response to the winger’s transfer all day and if you’re quick, their may still be some value.
Manchester United’s odds for winning the Premier League next season have drifted out to 9/4 on Betfair, having previously been backed as low as 11/8. Their rivals meanwhile have all had their prices slashed, with Chelsea now as short as 2/1 and Liverpool 11/4. Bet 365, however, are still going 10/3 on the Reds bringing the Premier League trophy back to the Kop for the first time.
If you’re looking for an each way bet on the premiership, then Arsenal, who are still available at 9/1 or Manchester City at 33/1 could potentially offer some value. Both these bets would offer better value than and therefore the potential to arbitrage the market is always present.
The Red Devils have not only drifted in the Premiership markets but also markets for the Champions League, where they have drifted to 13/2. Real Madrid, meanwhile, having now spent over £130 million on Kaka and Ronaldo have been backed into 11/2 for the tournament, which has made them second favourites behind Barcelona who are currently 9/2.
However, before you join the hordes of punters laying United, I would first think about what Ferguson is going to do with his newly acquired transfer funds. There has been talk of acquiring players such as Frank Ribery who will bring new strength to the United Squad. So I for one, rather than laying United, will be getting on them before the price drops back down as Fergie starts spending.
Click here to see the Premier League Market.
Click here to see the Champions League Market
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