Our traders only have AC Milan ahead of the Gunners at 7/1. The Italian giants have spent heavily this summer to compete for trophies again after years of underachievement.
While not favourites to win the trophy outright, Arsenal are 4/11 to win Group H. They will face FC Koln, BATE Borisov and Red Star Belgrade.
A Ladbrokes spokesperson said: “Arsenal are proving a popular pick with punters for European glory but our traders reckon Milan will take some beating this year.”
He added: “We’re expecting both English sides to progress to the knockout stages although the Toffees could come unstuck in their efforts to top a group including the likes of Lyon and Atalanta.”
Click here for all the latest Europa League odds
All Odds and Markets are correct as of the date of publishing