Liverpool must come through a tricky trip to Toulouse if they are to reach the Champions League group stage. SBG Global has Liverpool at +450 odds to win the 2007/2008 English Premiership.
The Reds, who have won the competition five times and were beaten in last season's final, must face the Ligue 1 side over two legs for a place in the lucrative section of the competition. Arsenal's first European tie since the departure of talismanic striker Thierry Henry will be a tough one too, against Czech side Sparta Prague.
Scottish champions Celtic face a tough test against Spartak Moscow in their bid to reach the group stage while Rangers will face either 1991 European Cup winners Red Star Belgrade or Estonian side Levadia Tallinn if they overcome FK Zeta in the second qualifying round. They lead 2-0 from the home leg.
The first legs will be played on August 14 and 15, with the return matches taking place on August 28 and 29. Toulouse reached the Champions League qualifiers by finishing third in Ligue 1 behind champions Lyon and runners-up Marseille while Arsenal's opponents Sparta are the champions of the Czech Republic.
Their success last season was their 34th domestic title and they became the first club since the break-up of Czechoslovakia in the early 1990s to win the domestic double.
SBG Global has posted European Football betting odds to win the English Premier League 2007-2008:
CHELSEA FC +150
MANCHESTER UNITED +150
LIVERPOOL FC +450
ARSENAL FC +550
TOTTENHAM HOTSPUR +1000
NEWCASTLE UNITED +1500
EVERTON FC +2500
ASTON VILLA +3500
BOLTON WANDERES +5000
BLACKBURN ROVERS +7500
WESTHAM UNITED +10000
PORTSMOUTH FC +12500
MIDDLESBROUGH FC +15000
SUNDERLAND AFC +17500
MANCESTER CITY +20000
READING FC +20000
FULHAM FC +20000
BIRMINGHAM CITY +25000
WIGAN ATHLETIC +25000
DERBY COUNT +25000
