Champions League Odds & Favorites 2024: Real Madrid Favorites After First Leg of Semifinals
After leaving Munich with a 2-2 tie in the first leg of their semifinal, Real Madrid are the consensus favorites by the 2023-24 Champions League odds from our best soccer betting sites.
Real Madrid dethroned former Champions League favorites Manchester City on penalty kicks in the quarterfinals, paving the way for the Spanish giants to ascend to the top of the oddsboard.
Borussia Dortmund has a slim advantage going into the second leg of their semifinal after beating PSG 1-0 at home on Wednesday, May 1. Despite the all-important victory, Dortmund are the decided underdogs, with the return leg in Paris set for Tuesday, May 7.
The Galacticos are the clear favorites to advance to the final when they welcome Bayern Munich to the Bernabeu on Wednesday, May 8. Here are our top Champions League odds to help with your soccer picks.
Champions League odds 2024
(Champions League odds as of May 2)
| Team | DraftKings | FanDuel | BetMGM | Caesars | bet365 |
|---|---|---|---|---|---|
| Real Madrid | +120 | +110 | +110 | +110 | +120 |
| PSG | +275 | +260 ❄️ | +300 | +300 | +300 |
| Bayern Munich | +350 | +340 | +333 ❄️ | +350 | +350 |
| Dortmund | +600 | +650 | +550 ❄️ | +700 | +700 |
Champions League favorite 2024
Real Madrid (+120 via bet365)
Real Madrid escaped Munich with a share of the spoils after Vinicius Junior's 83rd-minute penalty leveled the match at two. The draw puts Real Madrid in the pole position to advance to their second Champions League final in the previous three seasons.
Their odds to win the Champions League shortened slightly after the draw in the first leg. The Galacticos will be acutely aware of what they accomplished in the second leg of their quarterfinal after Manchester City snatched a point in Madrid during the opening leg. They'll be determined not to let that same fate befall them.
Champions League schedule: Semifinals
Here is the Champions League schedule, with game odds via bet365 as of May 2.
| When | Favorite | Underdog | Draw |
|---|---|---|---|
| Leg 2 - May 7 | PSG (-200) | Dortmund (+550) | +300 |
| Leg 2 - May 8 | Real Madrid (-110) | Bayern Munich (+260) | +280 |
| Champions League Final - June 1 | TBD | TBD | TBD |
Champions League 2024 top goalscorer odds
Odds as of May 2
| Player | Caesars | bet365 |
|---|---|---|
| Kylian Mbappe | -143 🔥 | -150 ❄️ |
| Harry Kane | +110 ❄️ | +120 🔥 |
| Rodrygo | +5000 ❄️ | +6600 🔥 |
| Jude Bellingham | +5000 ❄️ | +6600 🔥 |
| Vinicius Junior | +5000 🔥 | +3300 ❄️ |
| Joselu | +20000 ❄️ | +25000 🔥 |
| Serge Gnabry | +50000 | +50000 |
| Leroy Sane | +50000 | +50000 |
Champions League top goalscorer favorite 2024
Kylian Mbappe (-143 via Caesars)
A brace from Kylian Mbappe against Barcelona in the quarterfinal took him to eight goals. The Frenchman failed to score in the first leg of the semifinal against Dortmund, while Harry Kane deposited a penalty in Munich against Real Madrid. They are tied atop the Champions League goalscorer chart.
The PSG superstar forward has found the back of the net eight times in 11 Champions League appearances this season and has a golden opportunity to add to that tally at home against Dortmund on Tuesday, May 7.
He's scored in three of his last five games in the competition and has at least one more match to add to his total.
Champions League odds over time
| Team | Opening Odds (June 11, 2023) | Odds as of April 9 | Odds as of April 29 (bet365) |
|---|---|---|---|
| Manchester City | +200 | +188 | OFF |
| PSG | +1000 | +800 | +250 |
| Arsenal | +2000 | +500 | OFF |
| Bayern Munich | +600 | +900 | +275 |
| Real Madrid | +750 | +1200 | +140 |
| Borussia Dortmund | +4000 | +2500 | +900 |
Recent Champions League winners
| Team | Year |
|---|---|
| Manchester City | 2023 |
| Real Madrid | 2022 |
| Chelsea | 2021 |
| Bayern Munich | 2020 |
| Liverpool | 2019 |
| Real Madrid | 2018 |
| Real Madrid | 2017 |
| Real Madrid | 2016 |
| FC Barcelona | 2015 |
Champions League FAQs
Who is the favorite to win the Champions League in 2024?
Real Madrid are the Champions League favorites with their market-low odds of +110 via FanDuel, BetMGM, and Caesars, representing a 47.62% win probability.
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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