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Leicester 500/1 to win Champions League and be relegated from Premier League

Leicester City midfielder Riyad Mahrez (2L) celebrates scoring his team's second goal
Image: Leicester made it four wins from five in the Champions League on Tuesday

Leicester are 500/1 to win the Champions League and be relegated from the Premier League this season.

A 2-1 home victory over Belgian side Club Brugge saw the reigning English champions progress into the knockout stages of Europe's premier club competition as Group G winners on Tuesday.

Their dream run is now guaranteed to continue until at least March, and they will find out who they play in the last 16 on December 12.

But while the Foxes continue to fly in Europe, their Premier League form has not been as good and they currently sit just two points outside the relegation zone.

Sky Bet offer them at 500/1 to become champions of Europe just weeks after heading down to the Championship.

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Claudio Ranieri says Leicester's qualification is 'unbelievable'

Despite the Foxes making it four wins and a draw from their five group games thus far, Sky Bet are happy to take them on when it comes to the Champions League. They moved their price out to 66/1 following the Brugge win. Other firms went as short as 25/1 about Leicester following up last season's remarkable 5,000/1 domestic success.

They can also be backed at 14/1 for relegation.

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The other English side in action on Tuesday, Tottenham, lost 2-1 at Monaco - a result which ended their hopes of qualifying for the next round.

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Leicester were beaten by Watford at the weekend

They have, however, been chalked up at 8/1 to win the Europa League (bets void if they fail to qualify - they need a point from their home game with CSKA Moscow to make it).

It's 11/10 that they finish in the top four of the Premier League to secure another Champions League campaign in 2017/18. Manchester City, Chelsea, Liverpool and Arsenal are all ahead of them in the market.

Towards the top of the Champions League betting, Real Madrid and Juventus were trimmed in places after both scored late goals as they posted wins away to Sporting Lisbon and Sevilla respectively.

Real are now 5/1 shots with Juve at 11/1.

Barcelona still head the betting at 3/1, just ahead of Bayern Munich at 10/3. Barca will look to clinch their spot in the last 16 on Wednesday night when they face Celtic. Bayern, who have already qualified, head to Rostov.

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