Chelsea's odds of defeating Real Madrid are fewer than 19%.
In the first leg of their Champions League Quarter Final on Wednesday, Chelsea is 5.5 decimal odds to defeat Real Madrid.
This means that if Chelsea were to win, you would receive £5.50 back on your £1 wager. According to the odds, the Blues have a mere 18% probability of achieving that outcome.
If anything, based on what we've seen from Chelsea this season, that's quite high. From what we can tell, the bookmakers are being kind even with a pitiful 18%.
Real Madrid are a flawed team with several shortcomings this season, there is no question about that. On Champions League evenings, however, Carlo Ancelotti's teams—and Madrid in particular—tend to step up their game, and that's what we anticipate on Wednesday.
When a disoriented and disheveled Chelsea arrive at the Bernabeu, they will smell blood in the water, and 18% may begin to seem like a rather generous wager.