It doesn't show how little the bookies know. The odds aren't a prediction of where teams will finish, they are a prediction of where the bookies think the money will be placed. This will be a tiny market for them, but the odds will be framed so they make a profit whichever team wins. If you are convinced that "We're more likely to be involved in a relegation battle than a promotion push at this stage", the obvious thing to do is put a bet on relegation where the odds should be generous.