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Soccer-Odds turnaround for Saints but some things stay the same

By Ossian Shine

LONDON, Oct 20 (Reuters) - The unpredictable nature of the Premier League, as well as its extreme predictability, were both highlighted by English bookmakers' latest odds on Monday following Southampton's 8-0 thrashing of Sunderland at the weekend.

Just weeks after being priced a short 3/1 for relegation, the Saints were installed 8/1 to finish in the top four and clinch a Champions League spot.

"Southampton have defied expectations - we expected them to be relegation contenders and they are anything but," said Rupert Adams, of British bookmaker William Hill (Other OTC: WIMHY - news) .

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"They will do well to keep the run going and a top half finish is more realistic but their results have been little short of miraculous."

In the arena of sport, both perceptions and realities can change quickly -- but not that much, it seems: pre-season favourites Chelsea and Manchester City remain almost certainties for silverware.

City are priced at a relatively skinny 5/2 while Chelsea are already 4/9 odds on favourite to win the league, after only eight matches. (Editing by Alan Baldwin)