Chelsea are 9/1 to win the Europa League after being eliminated from the Champions League on Wednesday night.
The reigning European Champions were edged into third place in Group E despite a handsome win over Nordsjaelland and are only behind Atletico Madrid in the Europa League betting.
Atletico are 7/1 favourites to retain their crown, with Zenit St Petersburg and Inter Milan both 10/1, Anzhi Makhachkala 11/1 and Premier League trio Tottenham (14/1), Liverpool (16/1) and Newcastle (20/1) further down the betting.