The bookmakers have reacted to the draw for the semi-finals of the Champions League by installing Liverpool and Real Madrid as joint favourites to lift the trophy in Kiev.

The draw saw Bayern Munich and Real Madrid drawn against each other, with the fist-leg set to take place in Munich, whilst Liverpool and Roma will contest the other semi-final.

The first leg of that tie will take place at Anfield, where Liverpool destroyed Manchester City 3-0 in their last Champions League home game.

After the draw was made, both Liverpool and Madrid were given odds of 2/1 to win the Champions League. Bayern Munich are priced at 9/4 whilst Roma, despite their heroic comeback against Barcelona in the quarterfinals, are considered outsiders at 8/1.