Bookmakers have re-released odds for this year’s Champions League mini-tournament, following this today’s draw.
Man City are tied favorites to win their first-ever European trophy at +375 after drawing either Lyon or Juventus.
Bundesliga giants Bayern Munich are level with them to win the major European honour, currently priced at +375.
Hansi Flick’s side were most backed team since soccer resumed in Germany, with imperious form since the domestic game started back.
However, City are now the most backed from the remaining teams, attracting 28% of all bets in the last 24 hours.
Oddschecker spokesperson Callum Wilson: “Champions League favorites Manchester City, should they finish the job against Real Madrid, face the daunting possibility of facing Cristiano Ronaldo and Juventus in the next round - should Maurizio Sarri's men overturn their deficit against Lyon.
"Second-favourites Bayern, who finished their successful Bundesliga season in rampant fashion, will fancy a deep run in the competition themselves, and there's every chance they justify their short price."
Man City – +375
Bayern Munich – +375
PSG – +600
Barcelona – +900
Atletico Madrid – +1200
Juventus – +1700
Atalanta - +2200
R Leipzig - +2300
Real Madrid - +3300
Napoli - +7000
Lyon - +10000
Chelsea – +40000