After beating England in Cardiff at the weekend, Wales became the number one ranked side in world rugby, hence ending New Zealands 509-week supremacy.
However Warren Gatlands side find themselves fifth in the market to acquire against at the 2019 Rugby World Cup, which kicks off in a month in Japan.
Those chances mean bookmakers are suggesting just an 8.3% chance the Welsh lift the Webb Ellis Cup come November.
With 22 percent of bets in the previous seven days going on Wales punters find value because 11/1. That makes them the most backed ahead of South Africa with 18 percent.
Wales have won 15 of their past 16 evaluations, such as an emphatic Grand Slam victory from the 2019 Six Nations.
This record makes Wales genuine contenders for the prize, but the simple fact remains their very best effort from the tournament thus far has been third in their highest finish and 1987 since fourth 2011.
New Zealand remain favourites to make it three Rugby World Cup wins in a row, with all the 2015 and 2011 winners.
South Africa follow at 5/1 while England (6/1) and Ireland (8/1) constitute another top sides in the marketplace.
Oddschecker spokesperson Callum Wilson:With the exception of Ireland, all the teams above Wales in this years Rugby World Cup market have won the championship before.
Though Warren Gatlands side have demonstrated incredible tenacity and above all consistency to reach number one, the World Cup is most often a microclimate. Form out of the tournament can head out of the windowand it seems bookies are siding with all previous winners because of this.
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