Champions League 2021-22 Winner Betting Odds

Champions League Outright Betting Odds*

*Odds correct as of December 13, 2021

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The draw for this season's Champions League Round of 16 has been made for a second time after technical issues forced the initial draw to be made void in a bizarre day in Switzerland.

Manchester City will still hope that they can secure more than the two trophies they landed last season and they remain the favourites after the redraw.

City, Liverpool, Manchester United and Chelsea now have a couple of months to prepare for their return to European action.

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Big-spending Paris Saint-Germain are among the betting favourites and the capture of Lionel Messi this summer has been particularly eye-catching. The Argentine is finding his feet in Paris after joining from Barcelona in the summer and the bookies have been slashing their odds for a French side who also boast Gianluigi Donarumma between the sticks and Sergio Ramos in defence.

Bayern Munich have also started a new era under Julian Nagelsmann and the 2020 champions can’t be easily discounted considering that they were dominant in Europe two seasons ago and continue to have Robert Lewandowski banging in the goals.

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Manchester City Favourites After Drawing Sporting

While Manchester City have dominated the Premier League winning three of the last four titles, they cannot get the job done in Europe with Pep Guardiola and the task of trying to win the Champions League doesn't get an easier with plenty of stiff competition across Europe.

Guardiola's side were initially paired with last season's Europa League winners Villarreal but City will now face Portuguese side Sporting in the Round of 16 in a tie they will be favourites to win comfortably.

City, who are favourites with many of the leading betting sites to win the Champions League for the first time, and with Guardiola's future still uncertain, this fixture seems like the perfect draw for the Citizens to be able to advance to the next round in their quest to call themselves the best team in Europe for the first time ever.

Bayern Munich Face Salzburg In Round Of 16

Bayern Munich were clearly the best team in Europe under Hansi Flick two seasons ago, with the German side then reaching the quarter final stage under the same manager last term and they battered Paris Saint-Germain at times in the last eight clash before getting exploited on the counter-attack.

Now, it is the turn of Julian Nagelsmann to try and steer Bayern to the latter stages of the competition and hopefully another success, with the bookies making the Bavarian side second favourites to claim a victory after being drawn against RB Salzburg in the Round of 16. Initially, Bayern were drawn against Atletico, whose protests following the first draw led to the second.

The Bavarians made light work of their group matches and they are clearly one of the stronger teams in Europe. They are already well on course to retain their Bundesliga crown and Nagelsmann will be eyeing continental dominance. As for Salzburg, they became the first Austrian side to get through the group stage of the competition.

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Liverpool Face A Return To The San Siro

Jurgen Klopp helped Liverpool win the UEFA Champions League three seasons ago and the German will be hoping that the Reds can push a lot deeper in Europe this term having lost to Real Madrid last season when injuries to key players certainly played a part in that exit.

Standing between Liverpool and a place in the quarter-finals is Inter which means the Reds will be returning to the San Siro after beating Milan home and away in the group stage.

This is a tougher fixture than the initial tie against Salzburg, but Jurgen Klopp's squad is capable of completing another Italian Job to get to the last eight after taking a maximum 18 points in Group B.

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Unseeded Chelsea Handed Favourable Tie Against Lille

Of the eight ties declared void, only one was repeated when Chelsea were drawn against Lille. Fears amongst Chelsea supporters before the second draw was that they couldn't be as lucky as they were drawing the French side again.

But history repeated itself to the delight of Chelsea who could have faced any of the group winners after finishing second in their group. The pressure will be on Thomas Tuchel to win the Champions League to satisfy Blues owner Roman Abramovich who will demand more trophies in his first full season in charge of a squad strengthened considerably in the summer.

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PSG and Real Madrid Battle It Out For Quarter-Final Spot

We were due to get a renewal of the rivalry between Cristiano Ronaldo and Lionel Messi when the first draw was made. But the redraw sees the French giants take on Real Madrid with a quarter-final place up for grabs.

The Ligue 1 side might have preferred the first draw against a Manchester United side still finding itself under new manager Ralf Rangnick. Now Mauricio Pochettino has to face a Madrid side that is in Leading La Liga thanks to the goals of Karim Benzema and Vinicius Junior.

PSG facing Manchester United would have been the tie of the round had the first draw not been voided. PSG against Real Madrid is now the tie of the round.

Paris Saint-Germain have been knocking on the door when it has come to the past few Champions League competitions, reaching the final two seasons ago when narrowly losing to Bayern Munich. Madrid have not been back to the final since beating Liverpool to win a third successive trophy in 2018.

Atletico Tie Slightly Better For United

Given a choice of facing PSG or Atletico, most Manchester United supporters will opt for the latter. The first draw was a nightmare for United, especially as they were drawn against Villarreal, but because the two sides had meet in the group stage, they were unable to meet again in the first knockout round.

New United manager Ralf Rangnick might prefer facing the La Liga side rather than the star-studded PSG side with Lionel Messi, Kylian Mbappe and Neymar leading their attack. Atletico will not be an easy tie for United, but Diego Simeone's sides like to play with a more defensive mindset compared to the Parisiennes.

United are far down the page when it comes to the betting to win the competition, but with a couple of months to prepare for the fixture, Rangnick's United might be worth considering.