Soccer-Ancelotti confident about Real Madrid's chances of defending Champions League title

FILE PHOTO: Soccer Football - LaLiga - Real Madrid v Real Betis - Santiago Bernabeu, Madrid, Spain - September 3, 2022 Real Madrid coach Carlo Ancelotti during the match as Real Betis coach Manuel Pellegrini looks on REUTERS/Isabel Infantes

(Reuters) - Real Madrid manager Carlo Ancelotti is optimistic about the Spanish club's chances of winning back-to-back Champions League titles even though bookmakers have not picked them among the top-four favourites.

"It's not a surprise for me not being the odds-on favorite, I think it's a good sign," Ancelotti told a news conference in Glasgow on the eve of Tuesday's opening Group F game against Celtic.