Real Madrid are champions of Europe for the 15th time in their illustrious history but next year's Champions League odds aren't giving them the respect they deserve.
With tournament qualification getting underway in July, Madrid will start their quest to defend their title as second favorites on the betting board, behind five-time English champions, Manchester City.
Join me as I break down the latest soccer odds for the 2024-25 tournament.
Champions League odds
| Team |  |
|---|---|
 Manchester City |
+225 |
 Real Madrid |
+275 |
 Bayern Munich |
+1,100 |
 Liverpool |
+1,400 |
 Arsenal |
+1,400 |
 Barcelona |
+1,700 |
 Inter Milan |
+2,400 |
 Paris Saint Germain |
+2,400 |
 Bayer Leverkusen |
+2,400 |
 Atletico Madrid |
+2,400 |
 Juventus |
+2,400 |
 AC Milan |
+3,400 |
 Borussia Dortmund |
+2,400 |
 RB Leipzig |
+3,900 |
Odds as of 7/5/24
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Favorites to win the 2024-25 Champions League
Manchester City (+250)
Despite winning their fourth straight English Premier League title, Man City will look back at last year's Champions League run as a missed opportunity.
Could they have gotten over the Real Madrid hump, they likely would have handled Dortmund with relative ease.
Looking ahead to 2024/25, Man City will have all the key cogs again to make a deep run in this tournament.
Real Madrid (+300)
There's pedigree, and then there's Real Madrid's Champions League pedigree.
The Spanish giants captured their 15th Champions League trophy at the expense of Borussia Dortmund, despite being second-best for most of the match.
It was the icing on the cake after running wild in La Liga, winning the league by 10 points with the best scoring record offensively and on defense.
To add insult to injury to the rest of Europe, Madrid will add Kylian Mbappe to an already-stacked starting eleven.
The rich simply get richer.
2024-25 Champions League Format
The Champions League format we've all known to love is changing (perhaps for the better), so let's break it down:
- Instead of having 32 teams split into eight groups, there will now be one league that houses all 36 qualified teams.
- Each team will play eight games against randomly selected opponents (based on pot seedings) — four home and four away.
- Three points for a win, one point for a draw.
- The Top 8 teams on point total will qualify for the Round of 16, while the teams that finish between 9th and 24th will play a two-legged playoff with the winners securing their spot in the Round of 16.
- From there, the competition will continue as normal with a two-leg home and away fixture for each tie onwards until the Finals which is a winner-take-all match at a neutral venue.
The Champions League draw will take place on August 29, 2024, and the tournament will get underway on September 17, with the league portion wrapping up on January 29, 2025.
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 15 and Barcelona winning five.
- Italian club Juventus has been to nine finals — only to lose seven times.
- Six different English teams have won the tournament, the most from one country.
Past Champions League winners
| Team | Year |
|---|---|
| Real Madrid | 2024 |
| Manchester City | 2023 |
| 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 |
| Inter | 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 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
Man City won the Champions League last season, defeating Inter 1-0.
Real Madrid have won a record 14 Champions League titles, including five over the past 10 seasons.
Five teams stood out as the biggest favorites after the group stage: Manchester City, Bayern Munich, Real Madrid, Barcelona, and Paris Saint-Germain.
