What team would you put money on to win the Rugby World Cup in 2011?

Photo / Tracey Robinson, The Daily Post

Bookmakers have ignored the All Blacks' poor World Cup record and their indifferent form last year to install them as favourites for next year's tournament.

The TAB opened its book on who the winner would be today, with the host nation priced at $2.20 to win their second Web Ellis Trophy.

The All Blacks are followed by Australia at $4 with defending champions South Africa a surprising third at $4.75.

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