These are quotes for the first game where Real Madrid plays at home and therefore it is not very clear how much the bookmakers consider City as a favorite. Here are quotes for the outcome of the confrontation:
To Qualify
Real Madrid 3.35
Manchester City FC 1.32
A huge bias in favor of the City, it is almost 75% to 25%. Perhaps this is a fair estimate, but still I will hope that we will see exactly the 25% where the City will be knocked out again.
This is clear enough and even fair enough for what has been presented by the bookmakers where the city has a big consequence to be given high odds, this is none other than their slick performance in recent times. However changes will occur to the odds currently presented as the day approaches the first leg of the match.
I think Manchester City will be able to fulfill their dream of winning the Champions League trophy this season and they will do this in the first leg at the Bernabeu Stadium to steal victory even though the opponents they face are the defending champions, but in terms of performance the two are very much different in this season. Something is being contemplated and a decent bet is chasing high odds.