Tottenham cult hero Gazza had backed Arsenal to win the league this season.
Arsenal's title challenge has faltered badly in 2016, to the point that they are pretty much out of the race already with four games to go.
The Gunners came into the calendar year top of the table, but are currently in fourth place, with Manchester United chasing them down.
Their predicament is made even worse by the fact Arsenal's bitter North London rivals Tottenham are above them in the table and closing the gap on leaders Leicester City.
Spurs success was not easy to see coming, with even club hero Paul Gascoigne reportedly backing the Gunners to win the title.
Arsenal supporter Piers Morgan reported that Gazza made the admission while a guest on ITV's Good Morning Britain on Wednesday morning.
Gazza also revealed he bet £50 on Arsenal winning the League.... @GMB— Piers Morgan (@piersmorgan) April 20, 2016
Gascoigne had been on the show to discuss his ongoing battle with alcoholism, insisting he is bouncing back, telling ITV: "Everyday I try to do three good deeds: giving someone a fiver, a pack of cigarettes or even a little sandwich.
"There are lots of people with this problem who don't get the help I've had."
Gazza enjoyed arguably the best spell of his career with Tottenham before joining Lazio, producing an unforgettable moment when he netted a memorable free-kick against Arsenal in the 1991 FA Cup semi-final.
Current odds from SkyBet have Arsenal as high as 150/1 to win the title, with Spurs 7/4 and Leicester 4/9 favourites.