Things are starting to heat up in the UEFA Champions League, as the tournament’s knockout stages continue on Tuesday, February 23rd. There already have been some interesting results as underdog F.C. Porto was able to defeat Juventus 2-1 at home, and PSG wiped the floor with Barcelona in Paris 4-1. Both F.C. Porto and PSG paid out extremely well, as the odds were stacked against them, now with a slew of games this week, there are many betting options to consider when placing a wager in Europe’s top club competition.

Atlético Madrid and Chelsea is a match up of teams on different paths, Diego Simeone’s side has seen their form skid as of late, while The Blues have benefited greatly from a coaching change and have risen in the EPL standings. While Lazio and Bayern Munich on paper seems like a mismatch, where the German champions are the clear favorites.

There are a lot of great betting opportunities for these two clashes, especially predicting the over/under, who will score first, and double chance bets. Let’s examine the betting options for Tuesday’s UEFA Champions League Round of 16 matches.

Marcos Llorente of Atlético Madrid celebrates after scoring against Liverpool (Getty).

Atlético Madrid vs Chelsea betting picks

Atlético Madrid enter the first leg of this Round of 16 match up on a skid as of late. The team has lost ground at the top of La Liga standings and Real Madrid are now only 3 points back after Los Colchoneros had a 10 point advantage. Chelsea, on the other hand, have won 4 of their last 5 and have moved up to fifth in the EPL standings. Both teams current form has the oddsmakers at FanDuel favoring Atletico Madrid by a small margin, as the Spanish side is paying out +165, Chelsea +190, and a draw is at +200.

Chelsea players react during an FA Cup game (Getty).

Home field will not be a factor in this game as the match will played in Bucarest due to COVID-19 protocols. Nonetheless, Los Colchoneros “home” form has been inconsistent as they dropped a home match against Levante and drew with Celta de Vigo in as many weeks. Chelsea, who got a big away win against Tottenham, are no strangers to breaking down tight defensive teams. It might be an interesting pick to choose Chelsea as the winner outright for this contest.

Both teams have the potential to score goals, but given the current form of each team, look for a tight affair, over 2.5 goals could be a responsible choice given the fact that Atlético Madrid have not scored more than two goals since January 31st and Chelsea have not scored more than 3 goals in EPL play since December.

Luis Suárez of Atlético Madrid celebrates after scoring a goal (Getty).

As to who might score the first goal in this contest? Never look no further than Luis Suárez. The Uruguayan is always a safe bet when it comes to Champions League action to come up big and he is paying out +420 if the target man scores first.

Lazio vs Bayern Munich betting picks

If you love betting on upsets then maybe Lazio might be a risky option. Bayern Munich have been on a tear for over 1 year and Lazio well, they are in their typical 5th spot in Serie A. The odds at FanDuel have it all in favor for Bayern, who payout -140, while Lazio is at +360, even a draw is paying out high at +300. And if you are into taking risky bets, then a draw might be a viable option.

Ciro Immobile of Lazio (Getty).

It’s not unreal to think that this game will not have more than 3.5 goals, and at +126 it could be a safe bet. Bayern has a lot of fire power and even if Lazio put up a fight the game could end at 4-2, 3-1, 3-2. An interesting safe bet could be a Bayern win and scoring the first goal, which is at +175. There will be many Champions League games where you can take a chance but Bayern don’t look like a team that will stumble against Lazio, a shocking result would be a 0-0 draw, or a draw outright.

Betting Parlays

A two team parlay where Bayern and Atlético Madrid win could pay up to $700 if you wager $200. So betting on the favorites can still be interesting, for example if you wager $100 that the game will end over 2.5 goals and Luis Suarez will be the first player to score, you could win $335.

Robert Lewandowski of FC Bayern (Getty).

Want to stay in the know about all Champions League fixtures and betting options? Keep an eye out for our betting articles right here at Bolavip and don't miss a single detail about the most exciting club soccer tournament in the world!