Champions League Betting Odds 2026/27

Europe’s premier club competition returns for the 2026/27 season, with Paris Saint-Germain arriving as back-to-back champions after their penalty shootout win over Arsenal in Budapest last May. Luis Enrique’s side will be chasing an unprecedented third successive title, but the usual heavy-hitters from the Premier League, La Liga, and Bundesliga are expected to feature prominently in the outright winner market once again, alongside the Champions League’s now-familiar 36-team league phase format. With group winners no longer decided in traditional groups but through a single standings table, our odds also cover progression markets for the knockout phase play-offs and top-eight finishes, alongside the outright winner and top goalscorer betting.

Below, you’ll find the latest Champions League betting odds from the UK’s leading bookmakers, covering the outright winner, top-four/top-eight finish, and various progression markets round by round. Whether you’re backing PSG to make it three in a row or fancy an English or Spanish club to end their wait for European glory, our odds comparison makes it simple to find the best price before you bet. We’ll be updating this page as the league phase draw is confirmed and the market develops through the season, so check back regularly for the most current odds ahead of each round of fixtures.

Champions League Odds – To Lift The Trophy

Here are the latest odds for the outright winner of the 2026/27 Champions League.

Best Football Free Bet Offers

With 18 fixtures per gameweek in the Champions League, there are so many opportunities to use free bets. Here are some of the best of those for players wishing to place accas or singles across any Champions League match.

Champions League – Who Are The Favourites?

Many teams will be dreaming of Champions League glory, but there are some obvious standouts to be in contention come the business end of the season. Here are the four current bookies favourites for European glory in June.

PSG

Paris Saint-Germain have now won back-to-back Champions League titles under the masterful coaching of Luis Enrique. For football purists, there is no more entertaining team on the planet and they should their mettle to come from behind against Arsenal in last season’s final. With their core of star players remaining, they remain a fearsome proposition once again.

Bayern Munich

With Harry Kane scoring goals at a rate never seen before by an English striker, Bayern Munich will always be in contention. Should Jamal Musiala regain full fitness this season, his presence may also be key to the German champions making the final. They were knocked out in the semi finals last season in a remarkable tie against Paris Saint-Germain.

Arsenal

Heartbreak in Budapest will only fuel Mikel Arteta and Arsenal ahead of this year’s Champions League campaign. They largely kept PSG at bay in the final, with their defensive structure their most useful asset, both domestically and in Europe. The signing of Bruno Guimaraes will sure up a midfield that is now a match for any team in world football.

Barcelona

Ferran Torres is now a World Cup-winning goalscorer with Spain, with the likes of Pau Cubarsi, Pedri and Lamine Yamal also crucial to La Roja’s success in the United States this summer. Barcelona’s depth of talent is rich, and many of those players are still improving. They could be a different force this season in the Champions League and Rodri may yet join them from Manchester City.

Champions League Dark Horses

Beyond the top four, there are four more club sides priced below 20/1 who may appeal to Champions League bettors.

Real Madrid

15-time champions Real Madrid are a force of nature in the Champions League. Even in relatively weak seasons, they tend to compete in Europe and it’s no wonder: Kylian Mbappe, Vinicius Jr and Jude Bellingham will all line up again for Madrid in 2026/27. It is in defence where they may be vulnerable, but no team will want to draw Real Madrid in the knockout rounds.

Manchester City

Manchester City disappointed in their final Champions League quest under Pep Guardiola, falling at the last 16 stage. Under Enzo Maresca, it may take time for City to find their stride, but the new boss is a Guardiola disciple and has talent such as Erling Haaland, Rayan Cherki and Antoine Semenyo to call upon. Elliot Anderson is new in midfield, so if City click, they could still go a long way under new stewardship.

Liverpool

Liverpool are England’s most successful club in the Champions League, but were absolutely no match for PSG in the quarter finals of last season’s competition. it is now two seasons in a row that the French champions have had their measure in Europe. They will hope to make it third time lucky should they meet again in this year’s competition.

Manchester United

Manchester United return to the Champions League after three years away this term. Under Michael Carrick, they were arguably the Premier League’s best team from January onwards, but European competition will ask new questions of a squad which largely remained fresh in 2025/26. Bruno Fernandes will want to prove himself on the biggest stage, but do United have the depth to challenge?

Previous Champions League Winners

Other Champions League Betting Markets

As well as betting on individual matches, and on the outright winner of the Champions League, you can bet on the following markets too. With the format splitting the competition in two, you can bet on the group stage before the knockout rounds, as well as individual awards such as the top goalscorer.

Champions League Group Stage Odds

The Swiss format is into its third season of use in the Champions League. All 36 sides will play eight matches to attempt to finish in the top eight of the initial pool stage, guaranteeing them qualification for the last 16. If not, the teams finishing 9th-24th will face a playoff round. You can bet on teams to finish in the top eight, in which English teams dominated last year.

Champions League Top Goalscorer Odds

Kylian Mbappe strolled away with the Champions League Golden Boot in 2026. The Real Madrid attacker notched 15 times despite his side falling at the quarter final stage.

Champions League Odds To Reach The Final

As well as backing the winner of the tournament, you can bet on a team to reach the final. This is a good market for those who may be available at longer prices to win the tournament, with the assurance of a payout just for making the showpiece in Madrid.

Our Champions League Predictions & Tips

We will release our Champions League tips and predictions once the 36 teams have been finalised for the pool stage.

Champions League Betting Odds FAQs

When does the Champions League begin?

The first round of matches during the Group Stage of the Champions League take place between 8-10 September 2026.

Which team is favourite to win the 2026/27 Champions League?

Defending champions Paris Saint-Germain are favourites to win a third straight Champions League title.

Who are the defending champions in the Champions League?

PSG defeated Arsenal on penalties in the 2026 Champions League final in Budapest.

Where and when does the 2027 Champions League final take place?

The Champions League final will take place this season on Saturday 5 June 2027 at the Estadio Metropolitano in Madrid.