Here are the winning chance of each team to become a champion in the next season:
60% for Real Madrid
39% for Manchester City
1% for Arsenal, Inter, Milan, Barcelona, PSG, Bayern Munich, Leverkusen etc.

Real Madrid without Mbappe can still become a champion in this season, so it's no doubt majority of people will believe in Real Madrid.
Yeah it really seems like a joke. Real Madrid is not too strong, they were so lucky on semifinal with Bayern on Madrid (especially on 1-1 goal).
Manchester City? Good on a paper but pitch says something different.
1% for all teams in the world excluding 2 overhyped teams? Really?