The Champions League quarter-finals draw is complete, throwing up several captivating match-ups and intriguing storylines. Several sports betting sites have updated their odds on the potential winners of the UEFA Champions League ahead of the last eight clashes.
From Manchester City and Real Madrid, the past two seasons’ champions, being drawn against each other for a third straight season, to Harry Kane’s return to north London to face Arsenal, or the possibility of one of the less-favoured teams in the last eight making it to the semi-finals, there are several exciting sub-plots to look out for.
Let’s explore the match-ups, see which teams sports betting sites are tipping to go through, and ultimately lift the trophy at Wembley on June 1.
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Champions League Round of 16 Recap
Holders Manchester City cruised into the quarter-finals with a dominant 6-2 aggregate victory over FC Copenhagen. Identical 3-1 wins in both legs ensured a smooth passage to the quarter-finals.
Elsewhere, Atlético Madrid and Arsenal navigated close calls in the round of 16. Diego Simeone’s Atlético edged out last year’s runners-up Inter Milan 3-2 on penalties after a tense 2-2 aggregate draw. The Spanish side overturned a 1-0 first-leg deficit at the Wanda Metropolitano to book their place in the next round.
Meanwhile, Arsenal avoided a near-disaster against Porto by winning 4-2 on penalties at the Emirates after the two clubs were tied at 1-1 on aggregate. This victory marks their first Champions League quarter-final appearance since 2010.
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Record winners Real Madrid, aiming to extend their seven-game winning streak in the competition, were held to a 1-1 draw by RB Leipzig in the second leg at the Bernabeu. Despite the setback, their 1-0 advantage from the first leg secured a 2-1 aggregate victory and a place in the last eight.
Similar to Atlético and Arsenal, Bayern Munich overcame a first-leg loss to advance. The German giants bounced back from a 1-0 defeat against Lazio with a convincing 3-1 win in the return leg, securing their passage on aggregate.
French giants Paris Saint-Germain enjoyed a more comfortable route, dispatching Real Sociedad 4-1 on aggregate. Barcelona joined them in the quarter-finals with a 4-2 aggregate victory over Napoli.
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Champions League Quarter-finals Draw & Dates
Arsenal v Bayern Munich
- First Leg: 09/04 20:00
- Second Leg: 17/04 20:00
Real Madrid v Manchester City
- First Leg: 09/04 20:00
- Second Leg: 17/04 20:00
Atletico Madrid v Borussia Dortmund
- First Leg: 10/04 20:00
- Second Leg: 16/04 20:00
Paris St-Germain v Barcelona
- First Leg: 10/04 20:00
- Second Leg: 16/04 20:00
Champions League Winner Odds
Here are the updated 2023-24 UEFA Champions League winner odds after the quarter-finals and semi-finals draws.
All odds, courtesy of Betano, are correct at the time of publishing and subject to change.
- Manchester City @ 2.50
- Arsenal @ 7.00
- Real Madrid @ 8.00
- Paris St-Germain @ 9.50
- Bayern Munich @ 10.00
- Atletico Madrid @ 10.00
- Barcelona @ 12.00
- Borussia Dortmund @ 25.00
Who will win the 2023-24 Champions League?
Manchester City remain odds-on favourites at 2.50 odds on Betano to win the Champions League despite drawing 14-time European Cup winners Real Madrid in the last eight.
Both sides have become familiar foes in the competition, having met in the semi-finals in the past two seasons. City won the two-legged tie 5-1 on aggregate last year – including an emphatic 4-0 win at the Etihad.
However, Real Madrid, available at 8.00 odds to lift the trophy this year, won in 2021-22 when Pep Guardiola’s side suffered a remarkable collapse in the second-leg at The Bernabeu. Interestingly, City are clear favourites at 1.45 odds on Betano to win this specific two-legged tie.
Arsenal (7.00), back in the quarter-finals after a 14-year absence, face a daunting task against Bundesliga giants Bayern Munich (10.00) in the last eight. This match-up holds unhappy memories for Arsenal, who have lost their past three games against the six-time UCL champions by the same 5-1 scoreline. Two of those losses resulted in a 10-2 aggregate loss in the last 16 of the Champions League in 2017.
100% Welcome Bonus Up to €100However, despite a poor record against Bayern, Arsenal will feel confident heading into this tie against a Bayern side that has had an indifferent domestic season, trailing leaders Bayer Leverkusen by 10 points in the league table. The Gunners are narrow favourites at 1.83 odds to progress to the semi-finals.
While Arsenal may not worry about Bayern, they will worry about former Tottenham talisman Harry Kane, who has scored 14 goals in 19 games against them. It would also be foolish to dismiss Bayern at any stage of the Champions League. They are experienced campaigners, and in addition to Kane, they still have the experience of keeper Manuel Neuer, veteran Thomas Muller, and the gifted pair of Joshua Kimmich and Jamaal Musiala. And who knows, perhaps Kane could still win a trophy this season.
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Other Contenders
Paris Saint-Germain (9.50) lead the chasing pack of dark horses, and have been paired with Barcelona (12.00) in the quarter-finals. With Kylian Mbappe potentially playing his final games for the Parisians before a summer move, presumably to Barca’s bitter rivals Real Madrid, a historic Champions League triumph with PSG could be a dream farewell. Betano has them at 1.80 odds to reach the semi-finals.
Meanwhile, Atletico Madrid (10.00) are in a potentially advantageous quarter-final match-up against Borussia Dortmund (25.00). This pairing guarantees a less-fancied side in the semi-finals, opening the door for a surprise champion. Atletico are at 1.57 odds to win this tie over two legs.
Champions League Semi-finals Draw
- Atletico Madrid or Borussia Dortmund v Paris St-Germain or Barcelona
- Arsenal or Bayern Munich v Real Madrid or Manchester City
The route to the final has been determined, with the semi-final draws holding right after the completion of the Champions League quarter-finals draws.
There is a possibility of an all-Spanish clash between Atletico Madrid and Barcelona or a repeat of the group stage fixture between Borussia Dortmund and PSG. Additionally, we might witness PSG facing Atletico Madrid or a last-four tie between Dortmund and Barcelona.
On the other side of the draw, if Arsenal manage to get past Bayern Munich, they will either face the 14-time European champions Real Madrid or an all-English match-up with holders Man City. Bayern Munich, pursuing perhaps, their last hope for a trophy this season, will have to overcome either Real Madrid or Man City in the semi-finals if they manage to get past the Gunners.
Where to bet on Champions League Quarter-finals and Semi-Finals Ties
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Here’s what sets Betano apart: their unique 2 Goals Ahead feature lets you win your bet if your chosen team builds a two-goal lead at any point during the match, regardless of the final score. This means you can cash out early and avoid the anxiety of waiting for the final whistle, especially if your team takes a commanding lead.
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2023-24 UEFA Champions League Schedule
- Champions League Quarter-Final Dates: First legs 9-10 April, second legs 16-17 April
- Champions League Semi-Final Dates: First legs April 30 – May 1, 7-8 May
- Champions League Final Date: June 1, 2024.
Where is the UEFA Champions League Final?
The 2023-24 UEFA Champions League final will be held at Wembley Stadium in London, England. This will be the third time the Champions League final has been hosted at Wembley since the stadium was rebuilt, having previously done so in 2011 and 2013.