Champions League Odds & Favorites 2026: Co-Favorites Liverpool, PSG Ahead of Perennial Contenders
With the Club World Cup in the rearview, it's time to devote every waking minute to Europe's elite club competition, with PSG and Liverpool the early Champions League odds co-favorites at our best soccer betting sites.
Reigning champions PSG fell one win short of securing a quintuple last season, losing to Chelsea in the Club World Cup final. While not invited to the Club World Cup, Premier League champions Liverpool look poised to make another deep Champions League run
The chasing five - Barcelona, Real Madrid, Arsenal, Manchester City, and Bayern Munich - pose a formidable threat.
🏆 Champions League odds 2026
Odds via FanDuel, one of our best sports betting apps.
| Team | Odds (via FanDuel) | Implied probability | Profit ($10) |
|---|---|---|---|
| Liverpool | +600 | 14.29% | $60 |
| PSG | +600 | 14.29% | $60 |
| Barcelona | +650 | 13.33% | $65 |
| Real Madrid | +700 | 12.50 | $70 |
| Arsenal | +750 | 11.76% | $75 |
| Manchester City | +900 | 10% | $90 |
| Bayern Munich | +1000 | 9.09% | $100 |
| Chelsea | +1800 | 9.09% | $180 |
| Newcastle | +2300 | 4.17% | $230 |
| Inter Milan | +2500 | 3.85% | $250 |
⚽ Champions League 2026 prediction & best bet
Manchester City: +900 via FanDuel
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By their exceedingly high standards, Manchester City were woeful last season. I expect all of that to change in the forthcoming campaign.
Pep Guardiola's team showed glimpses of their elite best in the Club World Cup, playing fluidly and creating chances at will while dominating possession.
They looked susceptible defensively, though.
That won't worry Pep, as he has a lot of time to work with his new-look side. Several key signings need time to adapt to life in Manchester. Once Pep finds his best 11 and gets them on the same wavelength, watch out.
In the spirit of saving the best for last, Rodri is back.
He also requires time to find his best form. I imagine that will come as his new teammates find their groove.
FanDuel offers the longest odds (+900), which will yield a $90 profit if City recaptures European soccer supremacy.
📈 Champions League betting history
| Team | Year | Odds prior to Round of 16 |
|---|---|---|
| PSG | 2025 | +1200 |
| Real Madrid | 2024 | +550 |
| 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 |
❓ Champions League FAQs
Who is the favorite to win the Champions League in 2025?
Liverpool and PSG are the Champions League odds co-favorites, with +600 odds at FanDuel, implying a winning probability of 14.29%, via our odds calculator.
Who won the Champions League last year?
PSG won the Champions League title last year for the first time. They opened at +2000.
When will the 2026 Champions League be decided?
The 2025 Champions League Final will be played on Saturday, May 30, 2026.
Where will the 2026 Champions League final be played?
The Champions League Final will be played Puskas Arena in Budapest, Hungary.
🥅 Soccer betting odds pages
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| Women's World Cup Odds | UEFA Champions League Odds |
👑 Best soccer betting sites
Looking to bet on soccer today? Here are the best soccer betting sites as determined by our expert team at Sportsbook Review, along with the best sportsbook promos available for today's Champions League games.
- FanDuel Promo Code | Read our FanDuel Review
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