Chelsea have been made the new favourites for the 2011/2012 FA Cup, after yesterday’s draw saw Manchester United handed a tough trip to Anfield. The Stamford Bridge side beat Portsmouth 4-0 yesterday and were rewarded with a trip to either Milton Keynes or QPR, depending on the outcome of that particular FA Cup replay.

As a result of Manchester United landing an away tie with old rivals Liverpool, bookmakers reacted by pushing the Red Devils out to a best price of 7.00 (Victor Chandler, SportingBet) while Chelsea are now as short as 4.33 for FA Cup glory – though Paddy Power, Victor Chandler and Ladbrokes all stick their necks out at 5.50.

Interestingly, Tottenham are widely considered to be second favourites, at a best price of 6.50 (Coral) and are as short as 5.50 after drawing neighbours Watford in the fourth round.

Other FA Cup fourth round ties of note include Sunderland against local rivals Middlesbrough, and Crawley Town – the lowest ranked team left in this year’s FA Cup – who must travel to Hull.

There are confirmed all Premier League ties in the shape of Everton v Fulham and West Brom v Norwich, while Aston Villa could be facing Arsenal if the Gunners can beat Leeds on Monday, and Swansea could play Bolton if Owen Coyle’s men can win their third round replay.

Here is the FA Cup fourth round draw in full:

Brighton & Hove Albion or Wrexham v Newcastle United
Sunderland v Middlesbrough
Dagenham & Redbridge or Millwall v Southampton
Hull City v Crawley Town
Milton Keynes Dons or Queens Park Rangers v Chelsea
West Bromwich Albion v Norwich City
Blackpool v Sheffield Wednesday
Arsenal or Leeds United v Aston Villa
Stevenage v Notts County
Watford v Tottenham Hotspur
Liverpool v Manchester United
Derby County v Stoke City
Everton v Fulham
Macclesfield Town or Bolton Wanderers v Swansea City
Sheffield United v Birmingham City or Wolverhampton Wanderers
Nottingham Forest or Leicester City v Swindon Town

And here are the market leaders for FA Cup glory in 2012, according to Ladbrokes:

Chelsea – 5.50
Manchester Utd – 6.00
Tottenham – 6.00
Liverpool – 8.00
Arsenal – 9.00
Everton – 21.00
Newcastle – 21.00
Sunderland – 21.00
Fulham – 26.00
Stoke – 34.00
Aston Villa – 41.00
Bolton – 51.00
Norwich – 51.00
West Brom – 51.00
Bar – 67.00