After the draw in Nyon, the Catalan giants will face Jupp Heynckes' side while Borussia Dortmund will face Real Madrid for a place in the final at Wembley
The Liga leaders, who have been impressive domestically but had to come from a goal down in the Nou Camp against Paris Saint-Germain in the last round are now 7/4 with BetVictor for the trophy.
|Champions League Winner
Bayern Munich have been highly impressive in the tournament, with an away-goals victory over Arsenal was followed up with a 4-0 victory over two legs against Juventus.
The German side are now 3/1 (5.0) to win the tournament as they too square off against a side they know very well from their domestic battles this season.
Bayern sealed the Bundesliga title with a record six games still to play last weekend and will be in a buoyant mood ahead of a meeting with the Catalan giants.
The biggest winners from the draw in Nyon are Real Madrid according to the bookmakers.
A 3-0 win over Galatasaray in the first leg of their quarter final meant a 3-2 loss in the second leg changed little for Jose Mourinho's side and los Blancos are now 15/8 with BetVictor to win the competition.
Although Madrid may have surrendered the league to their arch rivals, victory over two legs in the Copa del Rey earlier this season will give them hope that beating a Barecelona - should they meet them at Wembley - is far from an impossible task.
Jurgen Klopp's men needed two late goals to see of Malaga in the previous round and they can count themselves lucky to have reached this stage of the competition after their display in the second leg of that tie. They're the rank outsiders to claim the title in May, priced at 6/1 with BetVictor.
The semi-final ties will be played on 23rd and 24th April and 30th April 1st May 2013 with the final being played at Wembley on Saturday 25th May.
Fixtures in full
Bayern Munich v Barcelona
Borussia Dortmund v Real Madrid
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Jim Knight is Betting Editor at Goal.com and has been tipping football games since he was old enough to place a bet. He is a Leicester City fan, writer and member of the We Are Going Up Podcast
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