Smooth sailing for Man City. Copenhagen just wasn't a match for them, the Danish team is not in its peak form, even in their league they lost 3 out of the last 5 games.
City is a massive favourite to win the Champions League. Odds are as follows:

Of course this will change after next week's 2nd leg games are completed. I wouldn't be surprised if Arsenal moved to the top spot. They are having an absolutely great time in the Premier League, scoring an average of 4.8 goals per game in their last 5 league games. And that's including defeating Liverpool 3-1.
Manchester City is very overrated here, I feel like the odds is too low when the risk really high, there are so many factors Manchester City might even flop and not able to enter into final. While the other teams are worth to bet, but I'd choose either Real Madrid or Inter Milan, while Bayern Munich and Arsenal seems not convincing to become a champion.
I'd say it's a good result for Madrid. A draw would have seen Madrid qualify for the quarter-finals. Therefore, Real Madrid did not need to win by a large margin in this match. I even think that the Madrid players played for a draw in this match.
From how they played, it looks like they played for a draw but it is a risky strategy because we saw that Leipzig nearly came to a second goal and only luckiness can help Real Madrid to avoid a second conceded goal. If Leipzig score that goal, the match will go with 30 more minutes for 2 extra halfs and maybe penalty shootouts.
I agree with you that this was a very risky strategy. But Madrid is a very experienced team. Ancelotti in particular is a very experienced coach. And he knows the opponent's weakness very well. In this match, Leipzig played attacking strategy from the beginning of the match. They were defeated in the first leg match. So Leipzig needed to win this match by a margin of 2-0. And since Leipzig played attacking strategy, Ancelotti was tactical in this match. He kept Madrid's defense tight. And the Madrid players tried to score from the counter attack. Although Madrid kept their defense tight, they produced several excellent counter attacks. And until the end, Madrid managed to draw 1-1.
The way Leipzig's players performed in Real Madrid's home match is absolutely commendable. Leipzig's players really played well in this match, and I would say that Leipzig's players performed better than Madrid's.
However, Real Madrid qualified for the quarter-finals. Performance in Madrid is still very stable. Madrid players are in a good rhythm. Real Madrid will not face any obstacles in winning the La Liga title. Now Ancelotti will try his best for the Champions League title.
Yeah they could able to score 2 goals, but they're unlucky. Real Madrid wasn't playing really well in this match.