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Arsenal are 12/1 to win the Champions League following their comprehensive aggregate victory over Celtic. However, the London outfit is not the ultimate team to beat according to Ladbrokes.

And Tony Mowbray's side Celtic are 50/1 to bag the Europa League after their exit from Europe's premier club competition.

Ladbrokes spokesman, Nick Weinberg, said: "Arsenal have been impressive so far this term. But sterner tests lay ahead."

Barcelona are 4/1 favourites to retain their crown, with Manchester United the best placed of the English contingent at 5/1.

Champions League - Latest Betting Odds

Barcelona 4/1, Real Madrid 9/2, Manchester Utd 5/1, Chelsea 6/1, Liverpool 8/1, Arsenal 12/1, Inter 12/1, Milan 18/1, Bayern Munich 20/1, Juventus 25/1, Lyon 40/1, Sevilla 40/1

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Source: Online Gambling News, eternalgambling.com

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