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2021 Champions League Title Odds, Round of 16 Projections After Knockout Draw

2021 Champions League Title Odds, Round of 16 Projections After Knockout Draw article feature image

Alexander Hassenstein/Getty Images. Pictured: Robert Lewandowski

The Champions League Round of 16 draw was announced this morning, and here are the matchups.

UCL play won’t resume until February.

Round of 16 draw ✔️

Which tie are you most excited for? 🤩#UCLdraw | #UCL

— UEFA Champions League (@ChampionsLeague) December 14, 2020

After the draw was announced, sportsbooks quickly updated future odds to win the title.

Here is where the currently stand (via DraftKings):

2021 Champions League Odds

Team Odds
Bayern Munich +275
Manchester City +450
Liverpool +600
Juventus +1100
PSG +1100
Real Madrid +1100
Chelsea +1700
Dortmund +2000
Barcelona +2000
Atletico Madrid +2500
Sevilla +3500
RB Leipzig +4000
Atalanta +4500
Lazio +6000
Borussia Monchengladbach +12500
Porto +15000

Projected Knockout Stage Odds

Here’s how I project all the Round of 16 matchups. The odds are for both fixtures, so it reflects each team’s chances to advance.


  • Champions League knockout stage fixtures do not begin until February, so things may change a bit depending on form and injuries.
  • The two most tantalizing fixtures are Barcelona vs. PSG and Atletico Madrid vs. Chelsea.
  • Barcelona vs. PSG has some history, as the last time they met in the knockout stage, Barcelona erased a 4-1 first leg deficit to win on aggregate 6-5

The last time Barcelona faced PSG they pulled off one of the greatest Champions League comebacks of all time 🍿

La Remontada 👏

(via @ChampionsLeague)

— ESPN FC (@ESPNFC) December 14, 2020

  • Chelsea’s bad luck continued, as this is the fourth straight year they’ve drawn one of the European giants:

The last four clubs Chelsea have drawn in the UCL last 16:

Bayern Munich
Atletico Madrid

😳 😳 😳

— ESPN FC (@ESPNFC) December 14, 2020

  • All other fixtures seem fairly straight forward with some of the bigger clubs being heavily favored in the Round of 16.

See everyone in February.

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