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I am not laughing at Arsenal. I am laughing at bookies who had them one of CL favorites. It was ridiculous from the start.
Inter were never one of the favorites (actually they didn't even make it in top 10 on betting sites) so i can't see how our elimination was pathetic.
Just remember that a lot of stuff like that isn't because it's the beliefs of the bookies personally, but because of popularity and the expectation of who's betting that makes the difference. Arsenal are a super popular Premier League team, much like cockroaches you can find Arsenal fans under every rock across the planet. They know they're gonna get a ton of Arsenal fans placing optimistic wagers on their team...it's easy money for the bookies when collection time comes.