Champions League Odds & Favorites 2024: Real Madrid Massive Favorites Over Dortmund in Final
After scoring two goals at the death to eliminate Bayern Munich, Real Madrid are the massive favorites by the 2023-24 Champions League odds from our best soccer betting sites to beat Borussia Dortmund in the June 1 Champions League final.
In a scene eerily similar to the 2021-22 semifinal when they overturned Manchester City in the final minutes, Los Blancos did it again against Bayern Munich, scoring in the 88th and 91st minute to punch their ticket to the showcase final. They won 2-1, prevailing 4-3 on aggregate after a 2-2 draw in Munich in the opening leg.
Borussia Dortmund secured their place in the Wembley final after a surprise 1-0 victory in the return leg in Paris on Tuesday, winning 2-0 on aggregate and keeping a clean sheet home and away against PSG.
Real Madrid opened as giant favorites across our best sports betting sites to win their second Champions League in the last three seasons.
Here are our top Champions League odds to help with your Champions League final soccer picks.
Champions League odds 2024
(Odds updated May 9)
| Team | DraftKings | FanDuel | BetMGM | Caesars | bet365 |
|---|---|---|---|---|---|
| Real Madrid | -340 | -334 | -333 🔥 | -400 ❄️ | -334 |
| Dortmund | +260 | +240 ❄️ | +250 | +275 🔥 | +250 |
Champions League favorite 2024
Real Madrid (-333 via BetMGM)
Thanks to Joselu's two last-gasp goals, Real Madrid is again in the Champions League final. I won't go into the utter despair Harry Kane and Co. must be feeling. Los Blancos' winning pedigree never ceases to amaze as they continuously pull off the miraculous, as if it were a run-of-the-mill trip to the grocery store.
Their never-panic mantra comes from the top, with manager Carlo Ancelotti one of world football's most poised, calm, and experienced managers. He will look to add a fifth Champions League trophy to his cabinet and a third as the Real Madrid gaffer. As expected, Madrid is the behemoth favorite against Dortmund, the surprise finalists who proved most people wrong by beating PSG in the other semifinal.
Borussia Dortmund (+275 via Caesars)
Borussia Dortmund is working on a fairytale story Disney would be proud of. But there's still one gargantuan hurdle to clear before their happy ending. Marco Reus will play his last game in a Dortmund shirt in Wembley, a fitting end to his 12-year career with the German side. He is the primary reason the fairytale finish is a possibility.
Anything can happen in a one-off match, especially under the mentorship and tutelage of manager Edin Terzic. The 41-year-old persevered after seeing his side lose the Bundesliga title on the final day of the 2022-23 season in the most dramatic and unfortunate circumstances. They lost on goal difference after entering the day two points clear of Bayern Munich. A year later, Terzic has a shot to win the world's most coveted club football prize.
Champions League final schedule:
Here is the Champions League final schedule, with game odds via bet365 as of May 9
| When | Favorite | Underdog | Draw |
|---|---|---|---|
| Champions League Final - June 1 | Real Madrid (-163) | Dortmund (+375) | +333 |
Champions League 2024 top goalscorer odds
(Odds as of Tuesday, May 8, prior to the Real Madrid-Bayern Munich result)
| Player | DraftKings | bet365 |
|---|---|---|
| Harry Kane | -250 | -250 |
| Kylian Mbappe | +225 | +250 |
| Vinicius Junior | +2000 | +2000 |
| Rodrygo | +3500 | +3300 |
| Jude Bellingham | +5000 | +5000 |
| Joselu | +25000 | +25000 |
Champions League odds over time
| Team | Opening Odds (June 11, 2023) | Odds as of April 9 | Odds as of May 8 (bet365) |
|---|---|---|---|
| Manchester City | +200 | +188 | OFF |
| PSG | +1000 | +800 | OFF |
| Arsenal | +2000 | +500 | OFF |
| Bayern Munich | +600 | +900 | OFF |
| Real Madrid | +750 | +1200 | -334 |
| Borussia Dortmund | +4000 | +2500 | +250 |
Recent Champions League winners
| Team | Year | Odds prior to Round of 16 |
|---|---|---|
| Manchester City | 2023 | +185 |
| Real Madrid | 2022 | +1600 |
| Chelsea | 2021 | +1800 |
| Bayern Munich | 2020 | +650 |
| Liverpool | 2019 | +900 |
| Real Madrid | 2018 | +850 |
| Real Madrid | 2017 | +490 |
| Real Madrid | 2016 | +550 |
| FC Barcelona | 2015 | +550 |
Champions League FAQs
Who is the favorite to win the Champions League in 2024?
Real Madrid are the Champions League favorites with their odds as short as -400 for the June 1 Champions league final. Those odds imply a winning probability of 80%. At +275, Caesars offers the best value for Dortmund. The +275 odds imply a probability of 26.67%.
Who won the Champions League last year?
Manchester City won their first-ever Champions League title in 2023 after opening with odds of +300 and closing as roughly -600 favorites the day before the Final against Inter Milan.
When will the 2024 Champions League be decided?
The 2023-24 Champions League Final will be played on June 1, 2024.
Where will the 2024 Champions League final be played?
The Champions League Final will return to England's Wembley Stadium for the first time since 2013. This will be the third time the Final is played at the rebuilt Wembley, with the original stadium hosting the event five times.
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