Barcelona have been installed as the 7/4 favourites for the Champions League after their brilliant 4-0 win over AC Milan at Camp Nou booked their place in the quarter-finals.
Trailing 2-0 after defeat at San Siro three weeks ago, Barca knew they would have to overcome their recent poor form and turn in one of their best displays of the season.
And that is exactly what they did as a brace from Lionel Messi and goals from David Villa and Jordi Alba gave the Catalans an impressive victory.
As a result, bwin have cut Tito Vilanova’s side from 11/2 into favouritism.
Real Madrid, conquerors of Manchester United, and Bayern Munich, who face Arsenal in their last-16 second leg tonight, are both 63/20 joint-second favourites.
Up next are Borussia Dortmund (8/1) and 12/1 shots Juventus.
After beating Schalke 3-2 last night to claim a 4-3 aggregate win, Didier Drogba’s Galatasaray are 50/1 to win the Champions League, behind Paris Saint-Germain, who are 25/1.
Porto are also 50/1 ahead of their second-leg tie with Malaga tonight, with the Spaniards priced up at 150/1.
Arsenal, 3-1 down from the first leg at the Emirates ahead of tonight’s match at the Allianz, are the 300/1 outsiders.