2017 Champions League Odds: Barca Out; Title Wide Open

We’re only halfway through the Round of 16 of the Champions League, but the odds have swung so dramatically after the first leg that we have to revise them.

When we last updated the odds, Barcelona were the stand-out favorites. But Barca are now all but out of the running after a shocking 4-0 loss to PSG. They still have a shot in theory, but they’d have to pull off the biggest comeback in Champions League history to keep their hopes alive.

With the favorites effectively out of the race, where does that leave the others?

Here are the odds!

Odds to win the 2017 UEFA Champions League

Bayern Munich: 11/4

Bayern dismantled Arsenal 5-1 in Munich, picking them apart as if they were a beer league squad. With Barcelona out of contention and Real Madrid experiencing a mid-season slump, Bayern are now the team to beat. If they keep up their current form, it’s hard to see the Champions League trophy going to anyone else.

Real Madrid: 4/1

After a record-breaking win streak, Real Madrid are reeling thanks to a handful of crushing losses. First, they were knocked out of the Copa del Rey by Celta Vigo. Then, a loss to Valencia and a draw against Las Palmas saw them dip to second place in La Liga.

Real Madrid started the season with their eyes on the treble, but now they’ll be happy to end the season with any major trophy. Still, their convincing performance against Napoli in the first leg (3-1 win) and their star-studded line-up keep them narrowly behind Bayern in the title odds.

Juventus: 7/1

Juventus are on their way to yet another Serie A title this season (which would mark their sixth in a row), and will probably claim the Coppa Italia as well. I Bianconeri have won all there is to win in Italian football, but have never managed the elusive treble. The Italian superstars have quite a line-up this season, and it played up to its capabilities in the team’s dominant 2-0 road win over Porto in the first leg of the Round of 16.

PSG: 8/1

Few people predicted that PSG would beat Barcelona; absolutely no one expected they would beat them 4-0. What makes their victory especially surprising is that PSG have been under-performing all season. If they can replicate their performance against Barcelona a couple more times, then the Champions League title is within reach. But something tells me that that’s not going to happen for this squad, which currently trails Monaco in the Ligue 1 table.

Atletico Madrid: 8/1

Atletico have reached the finals of the Champions League twice in the last three years, but fell short both times. Their season has been disappointing so far, and there’s likely more bad news for fans on the horizon: manager Diego Simeone and star striker Antoine Griezmann are rumored to be on their way elsewhere at the end of the season. So if Atleti are going to win a Champions League title, it has to be now. They all but punched their ticket to the quarters already with a 4-2 away win over Bayer Leverkusen in the first leg of the Round of 16, but, as always, they’re the underdogs among the main contenders.