Celtic 1/3 for Last-16 Heartbreak
Having made the last 16 of the Champions League, Celtic are expected by the bookies to go no further.
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Neil Lennon's side needed an 81st-minute penalty from Kris Commons to beat Spartak Moscow and that was enough to see them qualify second behind Barcelona in Group G after the Spanish side drew 0-0 with Benfica.
However, despite defying the odds to reach the knockout stages Celtic are 1/3 to be eliminated in the next round with Scottish firm McBookie.
Their Paul Petrie said: "Celtic have performed brilliantly to defy odds of 4/1 to qualify from their group and they will need more heroics if they are to make the quarter-finals.
"Our odds suggest they are up against it but after the Barcelona result, who knows?"
McBookie quote 3/1 that Celtic make it to the quarter-finals before being eliminated, while they offer 33/1 that they end the competition as beaten finalists.
William Hill, meanwhile, go just 1/4 that Celtic get knocked out in the next round of the competition but quote 100/1 that they lose in the final.
"Celtic's performance throughout the group stage was fantastic for the club, fantastic for Scottish football and fantastic for the bookmakers," said Hill's spokesman Joe Crilly.
"Hardly anybody was willing to part with their cash on this particular outcome and they have proved us all wrong."
Several firms quote the SPL champions at 150/1 in the outright betting, a market headed by 5/2 chances Barcelona.
With their progress to the knockout stages assured on matchday five, the Catalan giants fielded a much-weakened side against Benfica at the Nou Camp.
However, the decision to bring on Lionel Messi in the second half could be under scrutiny after he was taken off on a stretcher, an incident which saw several firms ease Barcelona slightly in their outright books.
Paddy Power now have Messi (five goals so far) and Cristiano Ronaldo (six) as their 5/4 joint favourites in the top-scorer market, although Ronaldo can be backed at 7/4 with Coral.
Ladbrokes and Coral cut Real Madrid to 3/1 despite the fact that they could face the likes of Manchester United in the last 16 having failed to top their group.
Madrid are 7/2 with Boylesports and BetVictor, with potential opponents Bayern Munich and Manchester United priced at 7/1 and 11/1 respectively.
Borussia Dortmund - who won Madrid's group and therefore cannot face them in the next round - are just ahead of United in the betting at 9/1 and it's 14/1 bar with Arsenal at 33/1 with Coral.
The draw for the last 16 takes place on December 20.
Holders Chelsea are out of the competition after Juventus beat Shakhtar and Coral make Rafael Benitez's side their 10/1 second-favourites for the Europa League.
A 6-1 win over Nordsjaelland at Stamford Bridge meant that Chelsea did what they had to do but they needed a favour from Shakhtar, one which in truth never looked like coming.
Sky Bet football trader Paul Lowery, whose firm have the Blues at 9s for Europa success, said: "Chelsea will be bitterly disappointed not to have reached the last 16 and this could really impact their season.
"Playing on Thursday nights could affect their training routine and may play havoc with their league form.
"However, they have an excellent squad and will fancy their chances against any of the teams left in the Europa League, despite dangerous sides such as Benfica entering the competition at the last-32 stage."
There were some positives to draw from the night as much-maligned striker Fernando Torres bagged a brace and Coral make him 1/6 to still be at the club next season.
"Rafa Benitez will be one relieved man with Chelsea winning and Fernando Torres scoring, but he's still got a long way to go if he's going to win over the Chelsea faithful," said Coral's Tim Reynolds.
"The Blues face a very busy period ahead of them, but if Benitez's side can lift the World Club Cup and go into 2013 back in the title race, the Spaniard will be a very short price to guide Chelsea into next season."
At present the firm make Benitez 11/10 to still be in charge come the first Premier League game of next season - Paddy Power will give you 3/1.
Meanwhile, Hill's have the Spaniard at 9/2 to be the next Premier League manager to leave his current role.
Champions League draw pots:
Group winners: Paris St Germain
Group runners-up: Porto
Teams from the same country cannot be drawn against each other and neither can sides who met each other in the group stage. Group winners will play the away leg first.