Ahead of Monday’s draw, Barcelona and Bayern Munich were inseparable at the top of the betting, both on offer at 33/10 to win the competition.Real Madrid were next best at 11/2, with their Madrid rivals Atletico fourth favourites at 17/2.
Of the English representatives, Manchester City were 12/1 fifth favourites, Arsenal 18/1 eighth favourites and Leicester City 40/1 outsiders.
Following the draw, sports betting site NetBet can reveal that Barcelona are now the outright 3/1 favourites.
Bayern Munich have drifted from 33/10 pre draw to 17/5 following their pairing with Arsenal. The Gunners have also seen their odds lengthen from 18/1 to 22/1.
Manchester City avoided a big name and remain 12/1 while Leicester will face Sevilla and both sides are 55/1 to lift the trophy.
Champions League 2017 betting odds pre-draw and post-draw via NetBet
|Pre draw||Post draw|
|Paris Saint Germain||30/1||30/1|