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PSG’s blockbuster penalty shootout win at Anfield on Tuesday has seen their Champions League odds slashed from 50/1 to 10/3 with BetVictor.

The Parisians are the biggest market movers after completing a historic turnaround against Liverpool, one of the pre-tournament favourites.

The Reds had never lost a European tie after winning the first leg until Ousmane Dembele drew a new-look PSG squad level after 12 minutes, making amends for multiple missed chances in the first leg.

They rode their luck at times, with Liverpool missing some big chances of their own on a night of frustration for Arne Slot’s team, who conceded that they “deserved to lose” over the two legs.

PSG’s transformation following their “Galactico” period with the likes of Messi and Mbappe seems to be paying off. They lead Ligue 1 by 16 points and look set to win their 13th title in some style.

PSG are available at 10/3 with BetVictor. Create an account to earn a £30 free bet when you bet just £10.

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Betting odds to win the UEFA Champions League have tumbled since January, but at 10/3 and with the likes of Real Madrid (7/2), Barcelona (7/2) and Bayern Munich (6/1), all still in the hunt, are they the value bet?

History would suggest no. For a club with the spending power of PSG, their UCL record is relatively poor, having never won it and with a single final appearance (2019/20) to show for the billions invested in the squad.

Where is the Smart Money Heading?

The smart money looks to be away from the Parc des Princes as their relatively inexperienced side could struggle against the who’s who of European football.

So, what’s the alternative?

Bayern Munich look resurgent under Vincent Kompany, cruising through to yet another quarter-final with a 5-0 aggregate win over fellow Bundesliga rivals, Bayern Leverkusen.

A best price of 6/1 to win a seventh Champions League suggests the bookies might be sleeping on this one, given they dodge both Real Madrid and/or PSG until the final.

Fancy the Bavarians to get the job done and earn Harry Kane to win his first major trophy? If so, they are best priced at 6/1 with Unibet, where you can grab £30 in free bets when you bet £10.

Place £10 on Bayern at 6/1 and get £30 in Free Bets
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