Madrid, the defending champion, faces Schakle 04 in the first leg of their Round of 16 tie on Wednesday. Munich, who lifted the trophy in 2013, has Shakhtar Donetsk on Tuesday.
Barcelona is the third betting choice at 5-to-1 odds, followed by Chelsea at 7-to-1.
The final match is set for Saturday, June 6 at OlympiaStadion in Berlin.
ODDS TO WIN 2014-15 CHAMPIONS LEAGUE (WESTGATE) BAYERN MUNICH 5/2 REAL MADRID 5/2 BARCELONA 5/1 CHELSEA 7/1 ATLETICO MADRID 15/1 MANCHESTER CITY 15/1 ARSENAL 20/1 PARIS SAINT-GERMAIN 20/1 BORUSSIA DORTMUND 25/1 JUVENTUS 25/1 FC PORTO 50/1 AS MONACO 125/1 SCHALKE 04 250/1 FIELD (all others) 40/1FIELD consists of BAYER LEVERKUSEN, SHAKHTAR DONETSK and FC BASEL
Champions league schedule: Right here at Goal.com
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