Manchester City are the 5/1 favourites to win the FA Cup after being drawn against Championship side Watford in the third round.
The Premier League champions – who won the FA Cup in 2011 – host the Hornets at Eastlands where they haven’t lost in 90 minutes since Liverpool left with a 1-0 victory in January last year.
Meanwhile, Manchester United (13/2) have been given an all-Premier League tie against West Ham United in east London.
Sir Alex Ferguson’s side haven’t won the FA Cup since 2004 but have been losing finalists on two occasions since then. A third round draw against an increasingly impressive West Ham (who are 50/1 to win the cup) won’t help their cause.
Meanwhile, defending champions Chelsea are also 13/2 and also have a top tier tie against Southampton. However, the south coast side shouldn’t provide too stern a test for the Blues, with the Saints drifting out to 66/1 to win their first FA Cup since 1976.
Finally, Liverpool (9/1) have been given what should be a straightforward tie against Lincoln City or Mansfield Town, while Arsenal (10/1) have a tough trip down the M4 to face a Swansea side who swept them aside comprehensively last Saturday.
All odds and markets accurate as of publication’s time and date
Full FA Cup third round draw
Crystal Palace v Stoke City
Brighton and Hove Albion v Newcastle United
Tottenham Hotspur v Coventry City
Wigan Athletic v Bournemouth
Fulham v Blackpool
Aston Villa v Ipswich Town
Charlton Athletic v Huddersfield Town
Barrow or Macclesfield Town v Cardiff City
Barnsley v Burnley
Manchester City v Watford
Swansea City v Arsenal
Leicester City v Burton Albion
Millwall v Preston North End
Cheltenham Town or Hereford United v Everton
Derby County v Tranmere Rovers
Crawley Town v Reading
Aldershot Town v Rotherham United or Notts County
Middlesbrough v Harrogate Town or Hastings United
Accrington Stanley or Oxford United v Sheffield United
Southampton v Chelsea
Queens Park Rangers v West Bromwich Albion
Peterborough United v Norwich City
Lincoln City or Mansfield Town v Liverpool
Bolton Wanderers v Sunderland
Nottingham Forest v Oldham Athletic
West Ham United v Manchester United
Hull City v Alfreton Town or Leyton Orient
Blackburn Rovers v Bristol City
Leeds United v Birmingham City
Bury or Southend United v Bradford City or Brentford
Luton Town v Wolverhampton Wanderers
Sheffield Wednesday v MK Dons