The Serbian side are in a rich vein of form, having lost just one of their last 11 matches, while it is worth noting that Vladan Milojevic's men have lost just one of their last 11 matches in European competition.
The hosts can be backed at 100/30 (4.33) with dabblebet to move to the top of Group H with a famous victory against the Gunners, while the same firm go 14/5 (3.80) that these two teams settle for a share of the spoils in the Serbian capital.
Arsenal saw a seven-match unbeaten run ended in bitterly disappointing fashion at the weekend as Arsene Wenger's men surrendered a 1-0 lead in a 2-1 defeat against Watford, with Tom Cleverley scoring a stoppage time winner for Marco Silva's side at Vicarage Road.
Wenger has been content to field a second string side in this competition thus far this term and it is a strategy that has served Arsenal well so far, for the north Londoners have scored seven goals in their opening two Europa League ties; the Gunners, therefore, are again expected to give some fringe players valuable game time in this match.
Despite not playing a full-strength side, Arsenal are still dabblebet's 8/11 (1.72) favourites to take all three points from this match - an outcome that would leave the Gunners within touching distance of a place in the last 32 of the competition.
Arsenal certainly possess plenty of firepower within their ranks and Theo Walcott, who scored twice in the previous tie against BATE Borisov and Olivier Giroud, who has scored six goals in his last seven European starts for the club, are amongst those who will be hoping to stake their claim for regular first team football with a superb showing in Belgrade.
It is worth noting, too, that Arsenal have failed to find the net in just one of their last 25 European ties and dabblebet's 6/4 (2.50) quote for the Gunners to win a match that features more than two goals could well prove to be a popular choice with punters.
The Gunners' defensive resolve, though, could be put to the test, for the Serbian league leaders have scored nine goals without reply in their last two games and will be confident of adding to that rally against an Arsenal side that has managed just one clean sheet in 13 European ties on the road.
With both sides certainly capable in the final third, Thursday's tussle could produce a glut of goals and dabblebet's 9/5 (2.80) quote for more than three goals to be scored may prove to be a solid selection for punters.