UEFA Champions League Sports Odds Update

The number of teams in the UEFA Champions League has been trimmed down to 16, with the tournament now moving into the crucial knockout stage.

England is the best represented country, with all four teams still left in the running to make the final on home soil at London's Wembley Stadium on May 28.

As the teams wait for next Friday's draw to find out who they will face in the two-leg home and away knockout match in the round of 16, Barcelona leads the overall odds for tournament winner, while Chelsea is the most highly rated British team.

Sports betting site William Hill offers the following odds for winner:

Barcelona 9/4, Real Madrid 7/2, Chelsea 5/1, Man Utd 8/1, Arsenal 11/1, Bayern Munich 16/1, Tottenham 16/1, AC Milan 20/1, Inter Milan 22/1, Roma 50/1, Valencia 50/1, Shakhtar Donetsk 66/1, Lyon 80/1, Schalke 04 80/1, Marseille 1001, FC Copenhagen 100/1.

The sportsbook also posted odds for the British team to go farthest: Chelsea 11/8, Man Utd 15/8, Arsenal 7/2, Tottenham 11/2.

Visit William Hill to bet on number of British teams in final: One, 8/11, None, 13/8, two, 5/1.

And William Hill remembered to add odds for the tournament's top goal scorer: Lionel Messi, Barcelona, 2/1, Samuel Eto'o, Inter Milan, 4/1, Cristiano Ronaldo, Real Madrid, 5/1, Nicolas Anelka, Chelsea, 8/1, all other options 12/1 and over.