The current odds for the Champions League trophy are as below.

Liverpool are the biggest favourite which isn't odd to see. Barcelona-Arsenal-Real Madrid trio are given the same chance for the trophy as you can see too. Despite Real Madrid's problematic start to the league phase nothing changed for bookies.

This is mainly due to Real Madrid's literally owning this competition with most trophies by far. They surprise people even in times of struggle. How do you see it? Who is your favourite?
The bookies that gave Arsenal 7 odds don't know what they are doing. How can they give Arsenal 7 odds to win the champions League. Arsenal should be given like 5,000 odds to win the trophy. Arsenal haven't won a single champions League trophy and the last two seasons that they were hot, they couldn't win the champions League. Now that they are not in their best form they are giving them 7 odds to win the trophy. To me that's totally insane. Even Manchester city at their worst form this season, Arsenal can't win them in the champions League final. Why are give Inter Milan 15 odds and Arsenal 7 odds, what exactly has Arsenal achieved this season that made the bookies think they are deserving of the champions League trophy. Barcelona and Real Madrid will comfortably beat Arsenal if they are drawn together, so it's not right to rank them together in same odds range.