Odin the Wise Open His Eyes

  'And, I am here to give you a heads up'

'A heads up? About what?'

'This time, Odin had bet on you. Or to be more accurate, he bets on Azief.'

Peter did not understand. 

'Teacher, what do you mean?' Loki was at a loss of how he should explain this. Odin had left Asgard. No one knows of this except him

The one sitting on that throne of Asgard right now is merely an avatar of his to calm the populace of the Eight Realms

He knows the disappearance of Odin because Odin had told him what he was going to do before he went out form the Eight realm 

After all, he was the one that help Odin break from his slumber and give him some clues.

Now, Odin is actively trying to break the chessboard. 

Probably like Loki, Odin is also tired of always doing the same farce again and again.