Bayern Munich's dramatic 4-3 second-leg comeback against 10-man Real Madrid on April 15 propelled Germany to a slight edge in trader consensus at 31.5% implied probability for producing the UEFA Champions League champion, mirroring Arsenal's steady 1-0 aggregate advancement over Sporting CP to keep England neck-and-neck at 31%. PSG's commanding 4-0 quarterfinal rout of Liverpool underscores France's 25.5% standing, driven by clinical finishing despite domestic Ligue 1 distractions, while Atletico Madrid's gritty 3-2 aggregate upset of Barcelona positions Spain at 11.5% amid their renowned knockout resilience under Simeone. With semifinals looming, the race stays tight due to evenly matched stylistic clashes—Bayern's firepower versus Arsenal's pressing, PSG's stars against Atletico's defense—reflecting the wisdom of crowds in this high-stakes knockout format.