The latest bookies' odds have installed Bayern Munich and Real Madrid as heavy favourites to win the Champions League. Guardiola's side is priced at an eye-catching 47/20, while Real's odds have been tumbling ever since the competition got underway, recently falling from 19/4 to 22/5.
Barcelona's chances of lifting the trophy have taken a real beating at the bookmakers ever since the draw for the last 16 was announced, in which the 'Azulgranas' were pitted against the strongest possible opponents in Manchester City.
Martino's men had been the second favourites after Bayern throughout the group stage, but now stand third in the reckoning with odds of 57/10, a far cry from the price of 9/2 that was available a few weeks ago.
Borussia Dortmund and Chelsea are the next most fancied teams with odds of 121/10 and 129/10 respectively, making them potentially lucrative longer shots.
The biggest surprise package in the competition has been Atlético de Madrid, which easily topped its group and now faces a tie against what is far from a vintage Milan side.
The mood among the bookmakers reflects the confidence at the Calderón, with Atlético currently tipped as the sixth favourites at 13/1. This makes for incredible reading, especially when you consider that the 'Rojiblancos' were rank outsiders before the group-stage draw, with odds of 66/1
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