Barcelona are out to [6.4] to win the Champions League after a 2-0 defeat in Milan on Wednesday night.
Previously the [3.0] tournament favourites, Barca are now behind both Bayern Munich ([4.3]) and fierce rivals Real Madrid ([6.0]) in the betting.
It's a tempting price given the Primera Liga champions-elect will almost certainly be tournament favourites should they overturn AC's 2-0 advantage in the second leg on March 12.
Barca dominated possession in the first leg but couldn't find a way past Milan's defence and conceded twice in the second half with former Portsmouth midfielders Sulley Muntari and Kevin Prince Boateng scoring. AC, unbeaten in 2013, will have their backers at [26.0] to win the
The BBC described Barcelona's performance as 'subdued' - will they really be as quiet again in two weeks' time? Layers are taking a big risk offering [6.4] on the 2011 champions. It's a definite back-to-lay for me.
Bayern's impressive performance at The Emirates has seen them installed as new favourites with progression to the quarter-finals seemingly assured. Jupp Heynckes' team are [1.03] to qualify following the 3-1 win in north London on Tuesday night.
Despite failing to beat Manchester United last week, Real Madrid are still seen as the more likely tournament winners than Sir Alex Ferguson's 2008 champions. The Premier League leaders are another tempting option in the winner market at [9.2]. Those odds will tumble should United get past Real - they are [2.16] outsiders to make the last-eight.
Borussia Dortmund round out the teams trading under [10.0], with Betfair layers pricing them at [8.6] following their 2-2 draw with Shakthar Donetsk in Ukraine. Juventus are [10.5] and Paris St Germain [20.0].
Arsenal are [250.0] to pull off a remarkable comeback in Munich, go all the way to Wembley and lift the trophy.