I would put Real Madrid as slight favourites for their tie against Bayern Munich as they are more defensively complete.
However, the Bavarians have players who can change games; they are a strong team on the counter-attack.
Real have an advantage thanks to their technical cohesion and their physical strength. For me, it is 60-40 in Real's favour in this tie, but Bayern have the experience and quality to progress.
Real manager Jose Mourinho found a way to stop Bayern in the 2010 final with Internazionale, but the emergence of Mario Gomez since then makes Bayern a different proposition.
Gomez is a great finisher who is often in the right place to finish off moves; that can make the difference in this kind of game.
Nevertheless, Madrid has so much quality in every part of the pitch. They will be hard to stop. Right from the start of this Champions League campaign, Real have been the most stable and the most impressive team of the competition.