Perhaps the bookies' reasons for favoring Barcelona over Real Madrid? Because we know Real Madrid have been battered since they met Barcelona.
But somehow I will still consider Real Madrid as the favorite because they already have the mentality for this tournament despite the many twists and turns they have gone through.
Why is PSG higher? Because they have a consistent performance after going through the group stage.
Madrid and PSG fought very hard to reach the quarterfinals, even when the semi league phase started many thought that they would not be able to reach the quarterfinals after several defeats, but madrid and PSG showed an extraordinary ability to rise, compared from madrid, but I personally still doubt the mentality possessed by PSG to go to the next round although they has shown a good consistency, madrid chances of reaching the final are even greater in my opinion this season but to become a champion of course still difficult to say it, especially if Barcelona becomes their opponent in the final later, in addition from the performance and also the depth of the Barcelona squad which is better than madrid of course maybe the curse of the difficulty of winning the champions league in a row can also again be a factor of consideration for the gambling market, although madrid previously has won consecutive championship in the season 2016 to 2018.