Neil Robertson has been installed as the new joint 10/3 favourite to pick up his second world title as he moves to closer to a Quarter-Final place.
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The Australian left-hander tasted the ultimate success at the Crucible in 2010 when he won his maide world title and appears in red hot form again this time around.
He lifted snooker's most prestigious invitational title in January at the Masters and boasts an incredible record in televised finals, winning all but one of his seven finals.
He looks to have one foot in the Quarter-Finals and heads the betting alongside last year's finalist Judd Trump who will feel he has a lot more to offer after stumbling through his opener.
The youngster was struck down with food poisoning just hours before his match with Dominic Dale, but after a sluggish start, improved as the match went on and firing in a number of trademark long pots.
Trump faces the enigmatic Ali Carter in round two and looks to have a clear path to the semis with either Andrew Higginson or Jamie Jones standing in his way should he progress against the Captain.
Three-time champion Ronnie O'Sullivan has unusually gone under the radar so far and is priced as the 5/1 second favourite.
The Rocket made light work of a potentially tricky opener against China Open winner Peter Ebdon and still possesses an unrivalled natural talent that is capable of winning him any tournament should he match it with the correct temperament.
Ronnie has played down his chances however and would have to do it the hard way, with firstly Mark Williams out to get one over on him, before a potential clash with Neil Robertson in the Semi-Finals.
Defending champion John Higgins has been pushed out to 10/1 after falling 5-3 behind to Stephen Hendry in the opening session of their mouthwatering last 16 battle.
The Wizard of Wishaw looks to put a disappointing ranking season behind him by making it world title number five, but also faces a tough quarter which includes Maguire and Trump.
The resurgent Stephen Maguire is next in the outright market at 6/1. Having enjoyed a superb season, The Scot is bidding for his first world title and needs just a few more frames to secure his last eight spot.
In terms of each way value, Welsh wonderkid Jamie Jones is a popular player on offer at 66/1. The Neath ace began the tournament at odds of 250/1, but was slashed after dumping out Shaun Murphy in round one.
He will be full of confidence as he unexpectedly faces Andrew Higginson for a place in the Quarter-Finals on his Crucible debut.
Wales' number one Mark Williams has won this title on two occasions but has been pushed out to 16/1 after confirmation of his second round tie against Ronnie O'Sullivan.
Despite his controversial remarks regarding the venue prior to the tournament, Williams is out for a good run this year and is determined to end his miserable record against The Rocket.
Latest outright odds courtesy of Betfred
E/W available 1-2 @ 1/2
Robertson, Neil 10/3
Trump, Judd 10/3
O'Sullivan, Ronnie 5/1
Maguire, Stephen 6/1
Higgins, John 10/1
Hendry, Stephen 16/1
Williams, Mark 16/1
Stevens, Matthew 20/1
Carter, Ali 25/1
Day, Ryan 25/1
Hawkins, Barry 25/1
Higginson, Andrew 40/1
Jones, Jamie 66/1
Yupeng, Cao 100/1
Gilbert, David 350/1
Perry, Joe 500/1