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Champions League draw betting: Chelsea remain outsiders after drawing Atletico Madrid in semi-final, while Bayern Munich stay favourites

A look at how the semi-final draw has affected the betting market for Jose Mourinho's side

With the semi-finals of the Champions League now decided, how have Chelsea fared in the betting market in their quest for a second Champions League crown.

Before the draw, Jose Mourinho’s side were 6/1 rank outsiders, and have come in slightly to 5/1 after finding out the will face Atletico Madrid in the last-four. The current La Liga leaders are the bog movers in the market, having shortened dramatically from 5/1 pre-draw to 7/2 for success in Lisbon.

It is worth noting that before their quarter-final first leg against Barcelona, Atletico were an enticing 25/1 to win the tournament outright, and having drawn outsiders Chelsea, manager Diego Simeone will certainly fancy his chances of an unprecedented league and European double.

The favourites remain Bayern Munich, although they have drifted ever-so-slight from 7/5 to 6/4, while their opponents have shortened from 9/4 in to 5/2.

Champions League Outright Odds (courtesy of Easyodds.com):

Bayern Munich - 6/4 (Pre draw: 7/5)

Real Madrid - 5/2 (Pre draw: 9/4)

Athletico Madrid - 7/2 (Pre draw: 5/1)

Chelsea - 5/1 (Pre draw: 6/1)