Champions League Round of 16 Odds: Bettors Supporting Solskjaer’s Manchester United Against PSG

The Champions League Round of 16 draw took place Monday, December 17th and there are plenty of juicy encounters.

Each matchup is a home-and-home series with the best aggregate score advancing. The first legs will take place in February with the second legs featured in early March.

Here are the Round of 16 odds to advance, along with some interesting nuggets via @GracenoteLive:

Opening odds: Liverpool (-120) vs. Bayern Munich (+100)
Feb. 10 odds: Liverpool (-120) vs. Bayern Munich (+100)

Jurgen Klopp has lost 16 of 29 matches against Bayern Munich, but his Liverpool side are the slight favorites to advance this time. The Reds reached the final last season and are +950 to win it this season.

I thought these odds would drift towards Liverpool since they are in a dead-heat with Manchester City to win the Premier League while Bayern have struggled in the Bundesliga.

Opening odds: Juventus (-200) vs. Atletico Madrid (+170)
Feb 10. odds:Juventus (-200) vs. Atletico Madrid (+170)

Cristiano Ronaldo departed from Spain over the summer, but he's back to haunt Atletico Madrid. Ronaldo has defeated Atletico twice in the Champions League finals and has scored 22 career goals against them in all competitions.

Juve are expected to advance in this matchup at around 66% of the time and they've got the third-best title odds at +620. Public bettors will likely hammer Juventus, but Atletico Madrid could be a sneaky contrarian play.

Opening odds: Real Madrid (-420) vs. Ajax (+340)
Feb. 10 odds: Real Madrid (-340) vs. Ajax (+280)

Real Madrid have won six straight matches against Ajax, outscoring the Dutch side 20-2, but those were obviously much different clubs. Real Madrid currently have the sixth-best title odds (+1150), while Ajax are +8000.

Real Madrid are expected to reach the quarterfinal, but they've been prone to upsets this season. They lost to CSKA Moscow twice in the group stage while Ajax held their own against powerhouse Bayern Munich.

Again, this could be a sneaky spot to take the underdog and the line has moved towards the Dutch giants.

Opening odds: PSG (-340) vs. Manchester United (+280)
Feb. 10 odds: PSG (-170) vs. Manchester United (+140)

PSG opened as heavy favorites to advanced even though Manchester United have yet to lose a knockout round match against a French side (9 wins, 7 draws).

The narrative around this fixture has changed drastically since these two powerhouses were drawn against one another.

United fired Jose Mourinho the day after the Champions League draw and under Ole Gunnar Solskjaer, the Red Devils look a different team and have yet to lose (8 wins, 1 draw) in the Premier League.

PSG are virtual locks to win Ligue 1, but they are not in great form lately and will be without Neymar and possibly Edinson Cavani for Tuesday's match at Old Trafford.

Opening odds: Porto (-110) vs. Roma (-110)
Feb. 10 odds: Porto (-120) vs. Roma (+100) 

Porto eliminated Roma in the Champions League playoffs in 2016-17 and breezed through the group stage this season. This matchup is essentially a toss-up, but public bettors will be all over Roma based on name recognition.

If Porto drop down to plus-money odds, I'll be pouncing on them to advance. I'll also be looking to take Porto in the opening leg.

Opening odds: Barcelona (-850) vs. Lyon (+575)
Feb. 10 odds: Barcelona (-850) vs. Lyon (+575)

Barcelona have never lost to Lyon in their history, winning four games and drawing two. Oddsmakers don't feel confident in Lyon this year either, listing them at +575 just to advance to the quarterfinals.

One positive that Lyon can take into this matchup is the fact they earned two solid results against Manchester City in the group stage. Even though those games are in the past, that should give Lyon a glimmer of hope that they could spring an upset against a club like Barcelona.

Opening odds: Dortmund (-110) vs. Tottenham (-110)
Feb 10. odds: Dortmund (-135) vs. Tottenham (+115)

This will be one of the best matchups in the Round of 16 and the odds suggest this is a coin flip. Tottenham (+2600) and Dortmund (+2800) also have nearly the same chance to win the title.

We should see totals of 3 in both legs, and maybe even 3.5.

Opening odds: Manchester City (-1000) vs. Schalke (+700)
Feb 10. odds: Manchester City (-2000) vs. Schalke (+900)

The most lopsided matchup of the knockout stage features Man City as huge favorites to advance past Schalke.

Manchester City had already been the favorites to win the title, and Schalke was probably the weakest team they could be drawn with in the Round of 16. Because of that, City are now down to +300 to hoist the trophy.

• Manchester City and Barcelona are still the favorites to lift the trophy, and both have very favorable matchups in the Round of 16.
• Juventus, PSG and Liverpool round out the top-five with Real Madrid and Bayern Munich  just behind.
• Schalke have the longest odds to lift the trophy, way behind Lyon, Porto, Roma and Ajax.