Updated 2022 Champions League odds peg Manchester City as the favorite. The top team in the Premier League heads into February’s Round of 16 a less than +300 chalk. Bundesliga power Bayern Munich is second choice, followed by two other squads from the Premier, Liverpool and Chelsea. Keep reading for updated 2022 Champions League odds and an odds analysis.

Odds to Win the 2022 UEFA Champions League

Unvaccinated Real Madrid and Chelsea players may be unable to play in the away legs of their UCL Round of 16 ties. pic.twitter.com/WjPshDsLBJ

— ESPN FC (@ESPNFC) January 20, 2022

• Manchester City +275
• Bayern Munich +350
• Liverpool +500
• Chelsea +600
• Paris Saint-Germain +800
• Ajax +1400
• Real Madrid +1600
• Manchester United +1800
• Juventus +2800
• Atletico Madrid +3300
• Inter Milano +5000
• Villareal +15000
• Benfica +20000
• Lille +25000
• Sporting CP +30000
• Salzburg +40000

Which team between Man City and Bayern offers the fairest odds?

The Sky Blues will be tough, no doubt, but Manchester City isn’t that much better than Bayern. Not only that, but the Round of 16 Draw favors both clubs. Man City takes on Sporting CP while Bayern battles Salzburg. Munich’s Round of 16 opponent is the longest shot on the board, meaning Bayern, at the very least, makes it to the quarter-finals.

Sporting CP shouldn’t get by the Sky Blues. But the Portuguese Liga squad is good enough to cause City some trouble. Because Bayern offers better odds, and because their march to the quarters is as close to a sure thing as possible, Munich is the better play.

Does Chelsea, Paris Saint-Germain, or Liverpool offer overlay odds?

Paris Saint-Germain and Liverpool don’t. PSG must play against Real Madrid in the Round of 16 and Pool tackles Internazionale. Inter can beat the Reds while Real should take down Paris. Chelsea doesn’t offer overlay odds, either. But the Blues won the Champions League last season and have yet to hit their stride.

If Thomas Tuchel’s squad can get it together in February versus last season’s Ligue 1 winner Lille, Chelsea becomes a Bayern or Man City type favorite instead of the +600 choice they are currently. So if you’re looking to back the Reds, Blues, or PSG, lean towards going with defending champion Chelsea.

Which team among Ajax, Real Madrid, Man United, Juventus, and Atletico Madrid has the best chance of winning the Champions League?

Ajax, United, and Atletico aren’t good enough to win the Champions League. Of the three, Man United has the best chance, but the Red Devils offer underlay odds. Juventus and Real Madrid offer overlay odds. Juve has finally put it all together. Massimiliano Allegri’s team is finally playing the manager’s brand of defense. For Juventus, the attack stems from the defense. Juve’s D has finally gelled, which makes Juventus a great pick at +2800.

Real Madrid manager Carlo Ancelloti has his team firing on all cylinders. The La Liga power got desperately close to winning the Champions League last season with Zinedine Zidane at the helm. Ancelotti might be the greatest manager in Real Madrid history. So give Real a big shot to win the CL.

Is there an underdog at +5000 or higher odds that can win the 2022 UEFA Champions League?

As long as Lautaro Martinez is in good form, Inter has a puncher’s chance to take the title. Internazionale is a good soccer club. Inter continues to lead Serie A even though they lost plenty of talent from last year’s league winning team, which is a sign the squad is a quality group.

The best team in the Protueguese Liga, Benfica, has the second-best chance among the long shots. Benfica is a solid club. Also, Benfica takes on Ajax in the Round of 16, which means among the super underdogs, they should have the best chance to move to the quarter-finals.

Make no mistake, Inter and Benfica don’t have great chances of winning the CL. But if you’re looking to back a huge underdog, the Serie A squad or the Portuguese Liga team are your best bets.

Where to Bet on Soccer with Crypto

Soccer odds are available all year long here at Nitrobetting. Create a Nitrobetting account now to place your stakes on any of the elite leagues and international matchups.

This is just one of the many sports betting guides that you can read here at Nitrobetting news. Stay tuned for more soccer previews and articles, and don’t forget to check out the latest soccer betting odds on our crypto sportsbook.