Last Updated Feb 07, 2023, 3:57 PM

2022-23 UEFA Champions League Round of 16

2022-23 UEFA Champions League
Futures Odds
Matchups & Odds
Knockout: Round of 16 | Quarterfinals | Semifinals | Final

Champions League Round of 16 Outlook

With the 2022 World Cup behind us, soccer bettors will be focusing their attention on the 2022-23 UEFA Champions League tournament. The field is down to 16 teams and the knockout phase will begin with the Round of 16 in mid-February with first legs before concluding with second legs in the first two weeks of March. 

The English Premier League and Bundesliga both have four clubs representing their leagues while Serie A is bringing three teams from Italy. The Primeira League in Portugal has two clubs playing in the Round of 16 and the top-flight leagues that only have one representative come from Belgium, France and Spain. 

The last two countries, France and Spain, both boast top contenders in Paris Saint-Germain and Real Madrid plus Los Blancos are the defending champions of the Champions League. Both clubs face very tough tests to advance to the quarterfinals. 

PSG will face Bayern Munich, who is the second betting favorite at +650 odds to win the Champions League tournament. Meanwhile, Madrid will have a rematch against last year’s runner-up Liverpool and the fourth betting choice at +900 odds to win the UEFA Champions League.  

Champions League Round of 16 Futures Odds

Manchester City has never won the UEFA Champions League but oddsmakers installed the club as favorites prior to group stage and nothing has changed entering the knockout phase. The Citizens have a wealth of talent and it would take a special team to defeat them in one game, yet alone two. 

Manchester City +175
Bayern Munich +650
Paris Saint-Germain +700
Liverpool +900
Real Madrid +1200
Napoli +1200
Chelsea +1600
Tottenham +1600
Benfica +2500
Inter Milan +3300
AC Milan +5000
Borussia Dortmund +5000
RB Leipzig +10000
FC Porto +10000
Eintracht Frankfurt +10000
Club Brugge +15000

Odds per bet365 - Subject to Change

Manchester City remains the UEFA Champions League tournament favorite. (Getty)

Round of 16 Match Schedule

The UEFA Champions League Round of 16 fixtures begin with the first legs on Tuesday,  Feb. 14, 2023 and conclude on Wednesday, Mar. 15, 2023. Most of the matches will be played within three weeks of one another and the days will vary according to the first leg. If you play the 1st leg on a Tuesday then the second leg will be set for Wednesday and vice versa. 

Match Legs (1st, 2nd)

PSG vs. Bayern Munich (Feb. 14, Mar. 8)
AC Milan vs. Tottenham (Feb. 14, Mar. 8)
Club Brugge vs. Benfica (Feb. 15, Mar. 7)
Dortmund vs. Chelsea (Feb. 15, Mar. 7)
Liverpool vs. Real Madrid (Feb. 21, Mar. 15)
Eintracht Frankfurt vs. Napoli (Feb. 21, Mar. 15)
RB Leipzig vs. Man City (Feb. 22, Mar. 14)
Inter Milan vs. FC Porto (Feb. 22, Mar. 14)

Champions League Round of 16 Odds

UEFA Champions League Three-Way & Over-Under Odds

Team to Advance Odds to the UEFA Champions League quarterfinals are listed below:

RB Leipzig vs. Manchester City
RB Leipzig +375
Manchester City -150

Club Brugge vs. Benfica
Club Brugge +250
Benfica +100

Liverpool vs. Real Madrid
Liverpool +100
Real Madrid +250

AC Milan vs. Tottenham
AC Milan +100
Tottenham +250

Eintracht Frankfurt vs. Napoli
Eintracht Frankfurt +175
Napoli +140

Borussia Dortmund vs. Chelsea
Borussia Dortmund +150
Chelsea +162

Inter Milan vs. FC Porto
Inter Milan -125
FC Porto +333

Paris Saint-Germain vs. Bayern Munich
PSG +137
Bayern Munich +170

Odds Provided by bet365 - Subject to Change

Lionel Messi and PSG will face a tough test versus Bayern Munich. (Getty)

The UEFA Champions League Round of 16 draw has a little bit of everything for bettors and the oddsmakers certainly had to put in their work for these eight matchups. 

There are four matches where the favorite is listed at -175 (Bet $100 to win $57) or less and the highest return on the underdog in those games is +125 (Bet $100 to win $125). In a nutshell, we’ve got four games that can go either way and the toughest decision for bettors will come down to the PSG-Bayern match. 

While four matches are expected to be action-packed for two legs, there are some one-sided affairs brewing. As expected, tournament favorite Manchester City is listed as a 1/6 betting choice (Bet $100 to win $16) to advance to the quarterfinals when it meets Bundesliga club RB Leizig in the Round of 16. 

Other teams given an implied probability of 67% chance of winning or higher include Benfica (-350) from Portugal and a pair of Serie A clubs at -200 odds, Napoli and Inter Milan. 

Champions League Round of 16 Format

Each of the eight Round of 16 matchups will have the teams playing twice, home and away. The winner will be determined by which team scores the most goals over the two matches.

If the aggregate score after the two legs are tied, then the two clubs will battle in 30 minutes of extra time, two 15-minute periods. If the score remains level after extra time, then the winner will be determined via a penalty kick shootout. 

Soccer fans truly enjoy shootouts as the pressure intensifies but they are rare. Since the UEFA Champions League began, we’ve only had six penalty kick shootouts in the Round of 16. Coincidentally, La Liga club Aletico Madrid played and won both of those installments which came in back-to-back competitions between 2014 and 2016.

Champions League Round of 16 Draw

The UEFA Champions League group stage concluded on Wednesday Nov. 2, 2022 as the field of 32 was cut in half to 16. The Champions League Round of 16 draw took place less than a week after the group stage ended with the matches determined on Monday No. 7, 2022. 

The draw begins with the eight winners from the group stage placed in one pot while the eight runners-up are put into another pot. Teams from the first pot are then drawn against the other pot and the only exception is that two teams from the same group or league cannot be drawn against one another. 

So if Manchester City drew Chelsea, the match would be drawn again. This stipulation is only in place for the Round of 16 and will not carry over to the quarterfinals or semifinals. 

Champions League Round of 16 Teams

If you’re a club that qualified for the Champions League Round of 16, it says something. It means that you’ve been a quality team for a six-game competition and you were able to manage both league play and this event simultaneously. 

Let’s take a closer look at the 16 teams remaining in the Champions League and recap their group stage results. 

Manchester City (England)
Group Results: 4-2-0, GF 14 GA 2

Pep Guardiola and Manchester City picked up nine points in its first three group matches and the most impressive win was a 2-1 comeback win over Borussia Dortmund in the opener. The club scored two goals in the final 10 minutes, including the game-winner by superstar Erling Haaland.

Bayern Munich (Germany)
Group Results: 6-0-0, GF 18 GA 2

Despite losing striker Robert Lewandowski, the Bavarian Giants dominated in the Champions League with a perfect 6-0 record. Two of those wins came against the former player and his new club Barcelona, with Bayern notching 2-0 and 3-0 victores. 

Paris Saint-Germain (France)
Group Results: 4-2-0, GF 16 GA 7

It’s hard to imagine a team not losing a game and finishing in second place in the group stage but that’s what happened to PSG, who tied with Benfica for first place but lost on an away goals tiebreaker. The difference puts the club in a tough position with Bayern on deck instead of playing a runner-up. 

Liverpool (England)
Group Results: 5-0-1, GF 17 GA 6

After getting humbled 4-1 by Serie A leader Napoli in its Champions League opener, the Reds won their next five group games and only conceded two goals in the wins. Jurgen Klopp and company did get revenge on Napoli at home with a 2-0 victory behind goals from Mohamed Salah and Darwin Nunez. 

Real Madrid (Spain)
Group Results: 4-1-1, GF 15 GA 6

Los Blancos have never failed to advance out of the Champions League group stage and the club kept the streak rolling again. The competition wasn’t tough and it did lose at Red Bull Arena to Leipzig but an aggregate score of 8-1 versus Celtic showed the strength of the La Liga power. 

Napoli scored the most goals in the Champions League group stage with 20. (Getty)

Napoli (Italy)
Group Results: 5-0-1, GF 20 GA 6

Napoli is considered one of the most underestimated teams in the Champions League Round of 16 and it showed its muscle in the opening blowout win over Liverpool. The club scored the most goals in the group stage with 20 and it had the second-best goal differential of +14 after Bayern Munich. All of those results would have been better if it didn’t lose the meaningless final match to Liverpool, 2-0.

Chelsea (England)
Group Results: 4-1-1, GF 10 GA 4

Just one game into the Champions League group stage, the club fired coach Thomas Tuchel after Chelsea dropped a 1-0 decision to Dinamo Zagreb.  Graham Potter took over the managing duties and the Blues started with a draw before four straight wins. The defense only allowed four goals in the six games, tied for the third-best effort among the 32 group clubs.

Tottenham (England)
Group Results: 3-2-1, GF 8 GA 6

Group D was the tightest among the eight Champions League groups and all four teams had an opportunity to advance on Matchday 6. Fortunately for Tottenham, it captured a 2-1 away win over Marseille as Pierre-Emile Jojberg scored the winner in added time. 

Benfica (Portugal)
Group Results: 4-2-0, GF 16 GA 7

Benfica made back-to-back statements in the Champions League group stage when it posted back-to-back 1-1 draws against Paris Saint-Germain in Matchday 3 & 4. A 6-1 road thrashing of Maccabi Haifa on the final Matchday helped the Portuguese club earn the tiebreaker and first place finish over PSG. 

Inter Milan (Italy)
Group Results: 3-1-2, GF 10 GA 7

Some pundits were surprised to see Inter in this spot but a 1-0 win and 3-3 draw against Barcelona pushed the club into the second place finish. When stepping up in class against Bayern Munich, Inter was stifled to a pair of 2-0 setbacks. 

AC Milan (Italy)
Group Results: 3-1-2, GF 12 GA 7

Milan was expected to finish second and it did so but the majority of its success came against the cellar dwellers in this group. Versus first place Chelsea, Milan was outscored 5-0 in two losses. Take away those results and the club went 3-1-0 with a +10 goal differential versus the aforementioned 3rd and 4th place clubs.

Borussia Dortmund (Germany)
Group Results: 2-3-1, GF 10 GA 5

After starting group play with a 2-1 record, Dortmund closed with three consecutive draws and it only managed to score two goals in those games. The one highlight of the three was a scoreless result against competition favorite Manchester City. 

RB Leipzig (Germany)
Group Results: 4-0-2, GF 13 GA 9

Great comeback story by the Bundesliga club in the Champions League group stage. After dropping 4-1 and 2-0 losses to Shakhtar Donetsk and Real Madrid respectively, Leipzig rallied to win its final four games and the offense posted 12 goals in the victores. 

FC Porto (Portugal)
Group Results: 4-0-2, GF 12 GA 7

FC Porto is another club that started group play with back-to-back losses before rallying with four straight wins. The defense only allowed one goal during the winning streak and the offense stepped up not once but twice in 3-0 and 4-0 away wins over Bayer Leverkusen and Club Brugge respectively. 

Eintracht Frankfurt (Germany)
Group Results: 3-1-2, GF 7 GA 8

Frankfurt was the other club to emerge from the Group D chaos and it did so with a 2-1 road win in Matchday 6 over Sporting CP in Lisbon. Overall, the Bundesliga squad went 2-1 away from home and the lone road loss came to first place Tottenham, 3-2.

Club Brugge (Belgium)
Group Results: 3-2-1, GF 7 GA 4

If you enjoy goalkeeping and defense, then Club Brugge is your favorite team to back. Simon Mignolet, a 34-year-old Belgium national and former Liverpool standout, has been sensational. He’s posted five clean sheets in six games and helped the club reach the Champions League Round of 16 for the first time. 

Champions League Round of 16 Favorites

If you’re a fan of the Premier League or a bettor with futures wagers on clubs from the top flight league in England, then you’re in a good position according to the oddsmakers. Three of the four clubs in the Champions League Round of 16 are favored to advance, one of them being the largest favorite in this stage with Manchester City. 

The outlier is Tottenham, who face AC Milan. Of the eight Round of 16 matchups, oddsmakers have this game listed at a pick ‘em with both teams -110 (Bet $100 to win $91). If the Rossoneri advance past the Spurs, then Serie A could have three teams in the quarterfinals if both Inter Milan and Napoli live up to their expectations as favorites in the Round of 16. 

Bettors looking for live long shots and upset specials will be focused on RB Leipizg at +400 versus Man City or Club Brugge at 5/2 odds (Bet $100 to win $250) over the leader in the Primeira Liga, Benfica.

Teams That Advance From Champions League Knockout Stage

The VI Experts believe Bayern Munich will advance past PSG to the quarterfinals. (Getty)

We asked our VegasInsider Soccer Experts their thoughts on which teams will advance from the Champions League Round of 16 knockout stage and most of the opinions were chalky but the Bundesliga is getting respect and Premier League could be in trouble. 

They believe that Bayern Munich will get revenge against PSG from their classic 2020-21 Champions League quarterfinals battle, plus they’re also buying Borussia Dortmund to outscore Chelsea and advance. 

Another upset that the experts are predicting features a Premier League team will be Liverpool falling to Real Madrid. The Reds are in terrible form this year and the defense likely won’t be fixed in time for Madrid. 

Listed below are the eight teams that we expect to be playing in the Champions League quarterfinals. 

  1. Bayern Munich
  2. Tottenham
  3. Benfica
  4. Borussia Dortmund
  5. Liverpool
  6. Napoli
  7. Manchester City
  8. Inter Milan

2023 Champions League Knockout Stage FAQ

What are the Round of 16 matchups for the 2023 Champions League?

Paris Saint-Germain vs. Bayern Munich
AC Milan vs. Tottenham
Club Brugge vs. Benfica
Borussia Dortmund vs. Chelsea
Liverpool vs. Real Madrid
Eintracht Frankfurt vs. Napoli
RB Leipzig vs. Manchester City
Inter Milan vs. FC Porto

When does the Champions League Round of 16 begin?

The Champions League Round of 16 will begin on Tuesday Mar. 14 and Wednesday Mar. 15 with two 1st-leg matches played on each of the two days. 

How many Premier League teams remain in the Champions League? 

The Premier League, the top flight soccer league in England, has four teams still represented in the 2022-23 UEFA Champions League. The quartet consists of Manchester City, Liverpool, Chelsea and Tottenham. 

Is Barcelona playing in the Champions League Round of 16? 

Barcelona was eliminated from the 2022-23 UEFA Champions League in the group stage. The club went 2-1-3 and came in third place behind Bayern Munich and Inter Milan. It was the second consecutive year that Barcelona failed to reach the Round of 16 in the Champions League. 

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