CELTIC have been cut from 5-6 to 8-11 by McBookie.com to win the William Hill Scottish Cup following a favourable draw.
The Hoops will travel to First Division Raith Rovers providing they win their fourth-round replay at Arbroath.
The firm have also pushed out Rangers from 10-1 to 12-1 after they were paired with Dundee Utd who are 9-1 second favourites.
William Hill make United 1-2 favourites to knock out Third Division Rangers who are 6-4.
Spokesman Paul Petrie said: “With the potential of so many all SPL ties, Celtic will be delighted to draw lower-league opposition – if they can overcome Arbroath of course.
“The draw has also opened up for those further down the betting, due to the fact that the second, third and fourth favourites have all been paired with each other.”
Dundee, who face Turriff or Morton at home, are the other big winners in the draw and have been cut from 40-1 to 25-1.
Scottish Cup outrights (McBookie.com): 8-11 Celtic, 9-1 Dundee Utd, 12-1 Hibs, Rangers, 14-1 Aberdeen, Motherwell 20-1 St Johnstone, 22-1 Kilmarnock 25-1 Dundee, St Mirren, 33-1 Inverness CT, Ross Co 40-1.
Fifth Round Draw
Raith v Celtic/Arbroath
St Mirren v C’beath/St Johnstone
Dunfermline v Dumbarton/Hamilton
Hibs v Aberdeen/Motherwell
Falkirk v Forfar
Dundee United v Rangers
Dundee v Turriff/Morton
Kilmarnock v Inverness/Ross County
Ties to be played on the weekend of February 2 and 3, 2013.
In December 2020 we sadly 
What are your thoughts Paul?
Leigh, wouldn’t back Celtic so short the way they’re playing just now. Maybe an each-way on Inverness or St Johnstone.
Rangers away what a game that will be. Got the beating of that mob with. Baz m an temps on each wing. Just hope gers. Have full squad to choose from an it should be a cracker.