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The 2023 UEFA Champions League Quarterfinals will continue on Wednesday when Real Madrid host Chelsea for a first-leg matchup on Paramount+. The last two winners of the Champions League have both experienced varying levels of disappointment this season domestically. Real Madrid have fallen 13 points behind Barcelona in the La Liga race, while Chelsea are 11th in the Premier League. You can catch all the action when you stream the match live on Paramount+, which you can try free for your first week and watch over 2,400 soccer matches a year.

Kickoff from Santiago Bernabeu Stadium in Madrid is set for 3 p.m. ET on Wednesday. The latest Real Madrid vs. Chelsea odds from Caesars Sportsbook list Madrid as the -140 favorite (risk $140 to win $100) on the 90-minute money line, with Chelsea listed as the +390 underdog. A draw is priced at +270 and the over/under for total goals is 2.5. Wednesday's match will be streamed live on Paramount+ with their must-have Premium plan, which you can try free for seven days.

Paramount+ is the only place to watch every minute of every UEFA Champions League match this season and over 2,400 soccer matches a year. A subscription also gives you access to other sports content including Italian Serie A, Europa League, NWSL, NFL on CBS, and countless movies and shows. You can get started with a free seven-day trial, so sign up here. 

How to watch Real Madrid vs. Chelsea

  • Real Madrid vs. Chelsea date: Wednesday, April 12
  • Real Madrid vs. Cehlsea time: 3 p.m. ET
  • Real Madrid vs. Chelsea live stream: Paramount+ (try free for one week)

Champions League picks for Chelsea vs. Real Madrid

Before you tune in to Wednesday's match, you need to see the UEFA Champions League picks from betting expert Jon Eimer. Eimer is a high-volume bettor who has vast knowledge of leagues and players across the globe. Since joining SportsLine, he has covered the English Premier League, Serie A, the FA Cup and much more. He is a stunning 50-25-1 on all Premier League soccer picks for SportsLine this season, returning more than 18 units for his followers. Anybody following him is way up.

For Real Madrid vs. Chelsea, Eimer is backing Real Madrid on the 90-minute money line for a -140 payout. Chelsea scored a comeback win over Dortmund with a 2-0 second leg to win 2-1 on aggregate and both teams should be primarily focused on Champions League play the rest of the way. However, Madrid are the team in better form here and Chelsea aren't likely to have an answer for Karim Benzema.

"Madrid started the return from break with a 6-0 win over Valladolid, in which Benzema grabbed a hat trick, followed by a 4-0 win over Barcelona in the Copa del Rey semi-final where Benzema scored another hat trick," Eimer told SportsLine.

"Real Madrid did lose to Villarreal 2-3 over the weekend, but this was a match in which Ancelotti chose to rest players specifically for the match against Chelsea. The last thing that any team wants to deal with is an in-form Benzema, at the Bernabeu, against a healthy and focused Real Madrid side." Stream the game here.

How to watch, live stream Champions League on Paramount+

Now that you know what to pick, get ready to watch the UEFA Champions League. Visit Paramount+ now to see Champions League, your live local CBS sporting events, some of the world's top soccer matchups and much more. Don't forget you can try it free for one week.