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Top ranked Wales given lowly 8.3% chance of winning Rugby World Cup by bookmakers

After beating England in Cardiff at the weekend, Wales became the number one ranked side in world rugby stopping the 509-week supremacy of New Zealand.
Priced at 11/1, Warren Gatlands side locate themselves fifth in the market to win the 2019 Rugby World Cup, which kicks off in a month in Japan.
Those odds mean bookmakers are implying just an 8.3% chance that the Welsh lift the Webb Ellis Cup come November.
With 22% of stakes in the previous seven days going on Wales, punters see value in that 11/1. This makes them the many endorsed this week before South Africa with 18%.
Wales have won 15 of their past 16 tests.
This record makes Wales contenders for the greatest prize, however the simple fact remains their best effort from the tournament thus far was third in their highest finish and 1987 since then fourth 2011.
New Zealand stay favourites to make it three Rugby World Cup wins in a row, even with the 2011 and 2015 champions.
South Africa follow at 5/1 while England (6/1) and Ireland (8/1) constitute another top sides on the industry.
Oddschecker spokesperson Callum Wilson:With the exception of Ireland, all the teams over Wales in this years Rugby World Cup marketplace have won the tournament previously.
Though Warren Gatlands side have demonstrated incredible tenacity and most importantly consistency to reach number one, the World Cup is most often a microclimate. Form outside the tournament can head out of the window, and it seems bookies are siding with previous winners as a result.
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