Royal Rumble 2017 odds as The Undertaker returns on WWE Raw to officially enter road to Wrestlemania 33

The Phenom returned on Raw to put the WWE roster on notice on the road to Wrestlemania 33

The Undertaker is favourite for the Royal Rumble (Photo: © WWE)
The Undertaker is the new red-hot favourite to win the 2017 Royal Rumble.
The legendary Phenom returned to Raw on Monday night to announce he would be competing in the 30-man main event on January 29 at the 65,000-seater Alamodome in Texas.
And after he promised that anyone who threatens to stand in his way will 'Rest in Peace', the Deadman was instantly installed by the bookies as a 5/2 choice to win and take his place in the main event for a WWE title at Wrestlemania 33.
The Undertaker said: "I've dug 29 holes for 29 souls... and I will be bringing the dark side to the Royal Rumble match".
It is believed this could be The Undertaker's last ever Royal Rumble before he calls time on his illustrious career inside the squared circle - a match he won back in 2007.
In it, he will lock horns with Brock Lesnar - the man who ended his incredible 21-match winning streak at Wrestlemania.
The winner of the match will go on to main event Wrestlemania 33, which takes place on April 2 in Orlando.
The Undertaker - real name Mark Calaway - is rumoured to be fighting John Cena, in a match that could be for the WWE championship, if Cena beats current king, AJ Styles at the Rumble.
It would be a record-equalling 16th title for Cena, if he is successful in just over a fortnight.
Indeed, The Undertaker faces a tough road to what is widely considered to be the 51-year-old's final Wrestlemania.
Bill Goldberg, who destroyed former UFC star inside 85 seconds at last November's Survivor Series, is another confirmed entrant in the event and fancied by the bookmakers as a 10/1 shot. Lesnar is currently priced at 20/1.
Former WWE champion, Seth Rollins vowed to win the Royal Rumble after declaring his entry on Monday. He is listed at 16/1.
A host of other names are expected to enter too with a potential surprise return for one-time WWE Universal champion, Finn Balor.
The Irishman is recovering from shoulder surgery he underwent last summer following an injury he sustained during his Summer slam victory over Rollins. Balor is a 7/1 chance to win the Rumble, should he make a comeback.
With the likes of Braun Strowman, new US champion, Chris Jericho and The New Day are confirmed entrants for the Royal Rumble, it is The Undertaker who will be the man to beat.
Selected Royal Rumble 2017 winner odds:
The Undertaker 5/2
Chris Jericho 5/1
Randy Orton 6/1
Braun Strowman 7/1
Finn Balor 7/1
Bill Goldberg 10/1
Seth Rollins 16/1
Brock Lesnar 20/1
The Miz 20/1
Baron Corbin 25/1
Sami Zayn 25/1
Bray Wyatt 33/1
Cesaro 33/1
Dean Ambrose 33/1
Samoa Joe 40/1
Big Cass 50/1
Rusev 80/1
Kane 100/1
Luke Harper 125/1
Apollo Crews 250/1
*odds taken from Oddschecker
WWE Royal Rumble is available to watch on the WWE Network and Sky Box Office on January 29.