Chelsea are one of the ‘big four’ teams in the Premier League and are often near the top of the betting before the season begins.
Playing their home games at Stamford Bridge in west London, they were well-fancied to win the Premier League in 2013/14 due to the return of Jose Mourinho as manager.
The charismatic man from Portugal led Chelsea to two Premier League titles (2004/5 and 2005/6 seasons) as well as two League Cups and one FA Cup.
Mourinho actually led Chelsea to a record 38 unbeaten home games, which was part of a remarkable run of 150 games unbeaten at home for Mourinho-led teams (Porto, Chelsea and Inter Milan) between 2002 and 2011.
Chelsea’s odds are always short to win the Premier League
The 2007 FA Cup final win against Manchester United – which was settled by Didier Drogba’s extra-time goal – was the first for Chelsea since lifting the trophy in 2000.
In total, the Blues have won the trophy seven times and Chelsea are often at the top of the FA Cup betting at the start of the season.
Chelsea have also landed the odds four times in the League Cup, most recently in 2006/7.
Mourinho failed to win the Champions League in his first spell at Chelsea but the club managed to win it in his absence in the 2011/12 season under Roberto Di Matteo.
The former Chelsea midfielder took temporary charge of the team after Andre Villas-Boas’ departure and guided the club to a 4-3 penalty shootout win over Bayern Munich against all the odds.
Bayern were playing at their home ground of the Allianz Arena but couldn’t make home advantage count.
Chelsea have won the FA Cup seven times, so odds are often short on them winning again
More European glory followed for the London side as they won the UEFA Europa League the following season, pipping Portuguese side Benfica in the Amsterdam Arena with a late Branislav Ivanovic header.
Chelsea have had some legendary managers in the past, including Tommy Docherty and Dave Sexton in the 1960s.
However the club’s revival as a major club in England has come about because of the money injected by Russian billionaire Roman Abramovich.
The 47-year-old became the owner of Chelsea in June 2003 and his aim was to get the club on a level footing with such footballing giants as Manchester United and Real Madrid.
Chelsea won the Champions League in 2012
The Russian has pumped millions of pounds into Chelsea but is far from an absent investor, as he can regularly be seen watching matches at Stamford Bridge.
Despite rumours of friction between Abramovich and Mourinho leading to the latter’s departure in 2007, Mourinho returned to the club in the summer of 2013, signing a four-year deal.
The club’s record signing is Fernando Torres who was purchased from rivals Liverpool for £50million in 2011.
Torres is still at Stamford Bridge and has been joined by fellow big-name signings Eden Hazard (£32m from Lille) and Willian (£25.5m from Anzhi) in recent seasons.