After the Round of 16 came to an end, one could safely say four obvious contenders remained: Man City, Bayern Munich, Napoli, and Real Madrid.
We're going to lose at least one of those four ahead of the semifinals, however, after Friday's quarterfinals draw pitted the two UCL betting favorites, City and Bayern, against one another.
With a few weeks until the competition resumes, check out the latest Champions League odds update below.
Champions League odds
Live odds courtesy of DraftKings Sportsbook. Be sure to compare Champions League odds before placing your bets.
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Favorites to win the Champions League
Man City (+225)
A 7-0 win over Leipzig, including five from Erling Haaland, propelled City past the German club and into the quarterfinals. City's path is about to intensify, however, with Bayern looming.
Bayern Munich (+300)
That same Bayern have rolled through this year's competition, including dispatching PSG with ease. Purists will be quick to point out the similarities between City and PSG — and the joy that would come from seeing Bayern eliminate one after the other.
Napoli (+350)
With an easy draw against AC Milan, we may have to wait another round to declare it, but this is the best team in Europe. Just as big of a boost to Napoli's UCL hopes as their quarterfinal matchup with Milan is their standing in Serie A. Already 18 points clear, Napoli can prioritize Europe and a wildly unlikely double.
2022-23 Champions League quarterfinal draw
The Champions League will resume on April 11, with home-and-away legs contested between eight teams. The quarterfinal draw was as follows:
- Man City vs. Bayern Munich
- AC Milan vs. Napoli
- Inter Milan vs. Benfica
- Real Madrid vs. Chelsea
Past Champions League trends
To get ahead of the pack there are a few trends that may help you when choosing your Champions League winner:
- Spanish clubs have won the most combined Champions Leagues of any country, with Real Madrid winning 14 and Barcelona winning five.
- Italian club Juventus has been to nine finals — only to lose seven times.
- Five different English teams have won the tournament, the most from one country.
- Cristiano Ronaldo holds the record for the second-most Champions League titles for a single player.
Past Champions League winners
Team | Year |
---|---|
Real Madrid | 2022 |
Chelsea | 2021 |
Bayern Munich | 2020 |
Liverpool | 2019 |
Real Madrid | 2018 |
Real Madrid | 2017 |
Real Madrid | 2016 |
Barcelona | 2015 |
Real Madrid | 2014 |
Bayern Munich | 2013 |
Chelsea | 2012 |
Barcelona | 2011 |
Internazionale Milan | 2010 |
Barcelona | 2009 |
Manchester United | 2008 |
Milan | 2007 |
Barcelona | 2006 |
Liverpool | 2005 |
Porto | 2004 |
Milan | 2003 |
Real Madrid | 2002 |
Bayern Munich | 2001 |
Understanding Champions League odds
These odds are constantly adjusted throughout the summer as players get hurt, suspended or transfer. Once the season begins, title odds will change as teams win and lose games and as more players get hurt or are suspended. Sportsbooks will also adjust the Champions League odds based on handle and liability to certain teams.
Champions League odds will usually look like this:
- Bayern Munich +250
This means that on a $100 bet, you'll stand to win $250 if Bayern wins the Champions League. If it's close to the end of the tournament you might see that a team is has a minus sign (-) ahead of its odds.
- Barcelona -120
This means that you would need to bet $120 to win $100 on a Barcelona championship.
Above we have posted the American odds for the Champions League. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.
Champions League Odds FAQs
Real Madrid won the Champions League last season, defeating Liverpool 1-0.
Real Madrid have won a record 15 Champions League titles, including six over the past 10 seasons.
Five teams stood out as the biggest favorites after the group stage: Manchester City, Bayern Munich, Liverpool, Chelsea, and Paris Saint-Germain.