Champions League: How the Round of 16 Draw Changed the Outright Winner Odds
It’s less than a week until the Champions League round of 16 ties commence, with the remaining sides knowing their potential routes to the final. Local derbies, league rival clashes and some of Europe’s elite will be locking horns in what could prove to be a really exciting round of fixtures in the competition.
The fluctuation of the bookies’ odds on who they think have the strongest chance of winning is also a sign of the excitement that is on the horizon.
UCL Round of 16 Fixtures 2024/25
- Real Madrid vs Atletico Madrid
- PSV Eindhoven vs Arsenal
- Liverpool vs PSG
- Club Brugge vs Aston Villa
- Borussia Dortmund vs Lille
- Feyenoord vs Inter
- Benfica vs Barcelona
- Bayern Munich vs Bayer Leverkusen
Champions League Outright Odds Changes
Below, we have collected the Champions League outright winner odds for the top five favourites, before and after the round of 16 draw. Note: Odds were correct at the time of writing.
| 💻 Operator | ⚽ Team | 📊 Odds Before Draw | 📊 Odds After Draw | |
|---|---|---|---|---|
 | Real Madrid | 7/2 | 10/3 | Visit |
 | Barcelona | 6/1 | 9/2 | Visit |
 | Liverpool | 4/1 | 11/2 | Visit |
 | Arsenal | 6/1 | 11/2 | Visit |
 | Bayern Munich | 7/1 | 7/1 | Visit |
Prior to last Friday’s draw, Real Madrid were the favourites and nothing has changed on that front. This comes as a bit of a surprise considering Los Blancos drew neighbours Atletico Madrid on what is perceived as the tougher side of the draw, with sides like Liverpool, Paris Saint-Germain and Arsenal.
Real Madrid are now priced at 10/3 to win the Champions League which could potentially mean beating soon-to-be Premier League Champions Liverpool on their route to Munich. Arne Slot’s side are many fans’ favourites to get their hands on a seventh European cup.
They have been drawn to French giants PSG and will face either Club Brugge or Aston Villa should they overcome the Ligue 1 leaders. The Reds' odds have increased a bit as a result of the draw, going from 4/1 to 11/2.
Subsequently, Hansi Flick’s Barcelona have gone from third favourites to second favourites as their odds are now 9/2. The Catalan side will be up against Benfica and while the league phase clash between the two was dramatic, the odds changes here make sense.
Arsenal, the bookies’ fourth favourites (11/2) amid their injury worries, got 'lucky' with their draw as they will be up against PSV Eindhoven. That being said, should the Gunners win against the Dutch side, they would be up against Atletico Madrid or Real Madrid in the quarters.
The odds of Aston Villa and Atletico Madrid have remained largely unchanged. Unai Emery's side are the favourites in the game against Club Brugge but after that, they would have to overcome some of the likes of Liverpool, Arsenal, Real Madrid, PSG and Atletico to get to Munich.
Tom is a journalist who specialises in football, with a heart that beats for Liverpool, and he has featured on outlets such as the Anfield Watch. At BettingLounge, he uses his 'news sense' to spot the latest developments and deliver interesting content to the readers.