Latest Champions League odds: Arsenal leads at 4.5, Bayern second at 5.5, Paris and Manchester City tied for third with inflated odds

The two legs of the Champions League round of 16 playoffs are over, with top clubs such as Atletico, Real Madrid, and Paris Saint-Germain making it to the last 16, whereas Serie A's Inter and Juventus missed out. The updated odds now show Arsenal as the favorite, followed by Bayern, with Paris and Manchester City tied for third. However, the defending champion Paris has somewhat inflated odds, as they barely advanced in the playoff against Monaco in a Ligue 1 derby by playing with a one-man advantage in both home and away matches.

Here are the latest Champions League winner odds:

• First: Arsenal (4.5)
• Second: Bayern Munich (5.5)
• Tied for third: Paris Saint-Germain, Manchester City (8)
• Fifth: Barcelona (9)
• Tied for sixth: Liverpool, Real Madrid (10)
• Eighth: Chelsea (19)
• Ninth: Atletico Madrid (29)
• Tied for tenth: Tottenham Hotspur, Newcastle United (34)
• Tied for twelfth: Sporting CP, Bayer Leverkusen (67)
• Tied for fourteenth: Bodø/Glimt, Atalanta, Galatasaray (81)

Final essential question: Who do you think will win the Champions League this season?