In May 2018, a dream season by Liverpool and their new hero Mohamed Salah was brought to a nightmarish end by Real Madrid and Sergio Ramos, as the Spanish giants beat the then-Cinderella in a memorable Champions League final.
Four years later, Salah remains an icon but for a different Liverpool team — a dominant one. They're back in the final of the Champions League for a third time in five seasons, looking to lift the trophy for a second time under Jurgen Klopp.
Standing in their way is the same foe from four years ago, albeit one that looks considerably different. Real Madrid, the competition's winningest team, are back after an unbelievable string of games in the knockout stages, setting up a fantastic rematch with Liverpool.
With the final in Paris set, let's take a look at the Champions League odds.
Odds to win Champions League
Champions League betting favorite
Liverpool took a 2-0 lead to Spain for the second leg of their semifinal against Villareal only to watch is disappear in the first half, as the competition's underdogs punched the Reds in the mouth. Klopp's men rebounded in the second 45, scoring three times in the space of 12 minutes to secure their place in the final.
Early odds have Liverpool as a -200 favorite against Madrid.
Real Madrid (+162)
Nobody thought Real Madrid were dead, going back to Spain down 4-3 on aggregate against Man City. However, down 5-3 in the 90th minute of the second leg, it would have been fair to prepare the eulogy. Instead, Madrid authored yet another impossible comeback in this competition, scoring twice in the final minutes and then finding the winning goal just a few minutes into added time.
Despite the magic that surrounds Karim Benzema and this Madrid team, they are +162 underdogs just moments after the final was set.
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 13 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
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
Chelsea won their second Champions League last season and currently the holders of the world's most prestigious tournament.
Real Madrid have won a record 13 Champions League titles, including four over the past eight seasons.
Five teams stand out as the biggest favorites after the group stage: Manchester City, Bayern Munich, Liverpool, Chelsea, and Paris Saint-Germain.