Champions League Odds After Round of 16 Draw; Odds Worsen for Barca & PSG, Improve for Juventus & Real Madrid

• The draw for the 2021 UEFA Champions League round-of-16 has been completed
• Barcelona and PSG have both seen their odds worsen from +1567 to +1800 and +933 to +1233 respectively
• We’ll list the odds for the winners and also look at the round-of-16 match-ups, looking for some value bets

The draw for the 2021 UCL round-of-16 was completed earlier and has triggered some significant changes in the betting. Barcelona and PSG have both seen their odds worsen, while Bayern Munich, who drew Lazio, remain as favorites to win the tournament with unmoved Champions League odds.

We will summarize some line movements and see who is the best bet to win, and also look at the round-of-16 head to heads to see if we can identify the value.

UEFA Champions League 2020-21 Winner

Odds from DraftKings taken Dec 14

Barca and PSG On the Slide

The last-16 draw triggered a big tilt in odds for a couple of the European giants. Prior to the draw, Barcelona averaged out at +1567 to win the tournament but having been drawn against PSG their odds have now slid to +1800. For the same reason, PSG have also seen their odds slide, from +933 to +1233, on the premise that Barca still has Messi and therefore remains a very dangerous opponent, even if their season has been an underwhelming one so far.

❝They have good players, we have good players. It will be an attractive match in Barcelona and also in Paris.❞
— @RonaldKoeman, on facing PSG in the @ChampionsLeague last 16 pic.twitter.com/iIWJq8ofxI

— FC Barcelona (@FCBarcelona) December 14, 2020

The other big losers, at least in terms of their prospects of going deep in the competition, were Lazio, who were drawn against the reigning champions, Bayern Munich – a nightmare tie for the Italians. As a result, their average odds lengthened from +6833 to +10333.

The Bavarians are still the team to beat and there has been precious little to suggest any of the other teams have closed the gap, although second-favorites Manchester City will be buoyed by drawing Borussia Monchengladbach, who have made the knockout phase of the tournament for the first time.

👀 pic.twitter.com/Gd44VxmDc4

— Paris Saint-Germain (@PSG_English) December 14, 2020

Man City Still Worth Watching

City’s owner, Sheikh Mansour, has made no secret of his desire to win the Champions League, even at the expense of the EPL, and the fact they have struggled domestically may just be a sign that the UCL is now the club’s priority. The Citizens will certainly push Bayern all the way.

CONFIRMED 📅

The first leg at Borussia-Park will be played Wednesday 24 February.

And the return game at the Etihad is scheduled for Tuesday 16 March.

Both matches kick off at 8pm UK time.

🔷 #ManCity | https://t.co/axa0klD5re pic.twitter.com/y2QpbgjElS

— Manchester City (@ManCity) December 14, 2020

Juve too is well worth keeping an eye on, not least because of their favorable round-of-16 draw. I expect the Italians to comfortably find a way past FC Porto and with Andrea Pirlo turning them into a really effective unit, the +1100 on offer is well worth considering.

Pick: Bayern Munich (+275)

UEFA Champions League Round-of-16 Odds

All odds taken Dec 14 at DraftKings 

The top two ties in the above table ensure that two ‘giants’ will not make it to the last eight. Let’s look at a couple of matchups that could offer some early value when betting which teams will advance to the quarterfinals.

Pick 1: RB Leipzig vs Liverpool

RB, while without the pedigree of the other three, made it to last season’s semifinal and are among the best-funded clubs in Europe. Their thrilling 3-2 win over Manchester United signified their intent and they will fancy their chances of at least repeating last season’s achievement of a place in the final four, especially if they can take a lead back to Anfield for the second leg.

🗣️ Sporting director Markus #Krösche on the #UCL draw:

"It's definitely a difficult task. Liverpool have a strong team and a lot of experience, especially in the @ChampionsLeague. However, we've shown that we can beat the top sides."

🔴⚪ #RBLeipzig #RBLLFC pic.twitter.com/gfCV23qyD9

— RB Leipzig English (@RBLeipzig_EN) December 14, 2020

Jurgen Klopp’s men have endured, by their phenomenally high standards, a tricky season, epitomized by their 1-1 draw at the weekend away to newly-promoted Fulham. Minus the services of the unflappable Virgil van Dijk, who is out for the season with an ACL injury, the Reds are a very different proposition to last season, with Klopp struggling to find a solid pairing at center-back.

As a result, the value here is with an RB win over two legs.

Pick: RB Leipzig to qualify (+375)

👊 pic.twitter.com/Ro8fFsDT6r

— Paris Saint-Germain (@PSG_English) December 13, 2020

Pick 2: Barcelona vs Paris Saint-Germain

Something has to give as two of the big names clash in a tie that begins in Catalonia and concludes in Paris. Barca’s pedigree in this competition in the 21st century is almost without parallel but despite the presence of one Lionel Messi in their ranks, this has been a tricky season for them, and their 3-0 home defeat by Juve in the group stages will have hurt.

PSG, last season’s beaten finalists, will again be looking to go deep in this tournament but will be wary of a Barca team that, for all their domestic difficulties, is still bursting full of quality. For me, the Messi factor could be decisive here.

Pick: Barcelona to qualify (+110)