This mouth-watering fixture is a great chance for Chelsea to collect their fifth win in six Premier League games and go above Arsene Wenger's men in the process.
As an exclusive offer, Betway are offering new customers the chance to back Jose Mourinho's side at 7/1 (8.0) when opening a new account.
The Blues are best priced 11/5 (3.20) so the chance to back them at such an enhanced price is sure to be popular with pundits who don't have a Betway account.
Anyone wanting to claim this offer can open an account through a link on this page, back Chelsea at their current price and then if they win, Betway will top up the winnings to 7/1 (8.0).
That 6-3 defeat meant it's now three games without a win for the Gunners and Arsene Wenger will know the importance of momentum as they enter the hectic festive period which sees the Gunners play five matches in just 13 days. Arsenal are 13/10 (2.30) to claim three points against the Blues while the draw can be backed at 23/10 (3.30) with Betway.
Chelsea have been in fine goal scoring form on their travels in recent weeks, firing 12 goals in just five league matches on the road, although two of those games ended in defeat.
History is on Chelsea's side in this fixture, with the last three head-to-head meetings resulting in wins for the south London side.
Juan Mata scored a decisive second goal at the Emirates to send his side through to the next round of the League Cup in their most recent meeting while both Premier League fixtures last season were won by Chelsea.
Both of those games ended 2-1 and a repeat of that scoreline can be backed at 9/1 (10.0) or Chelsea to win and both teams to score is available at 4/1 (5.0) with Betway.
After recent disappointment both managers will be targeting a morale boosting victory in this game and at 7/1 (8.0) Chelsea offer significant value for new Betway customers.
A 7/1 (8.0) quote implies that Jose Mourinho's men will win the match just 12.5 per cent of the time where as in reality their chances according to the bookmakers regular odds are around 33% meaning it is well worth taking advantage of this promotion for anyone who doesn't have a Betway account.
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Jim Knight is Betting Editor at Goal and has been tipping football games since he was old enough to place a bet. He is a Leicester City fan, writer and member of the We Are Going Up Podcast