Champions League Futures Odds: Dortmund Heads to Wembley

After a rivetting two legs of football, Borussia Dortmund have stamped their place in the Champions League Final for the first time since 2013 at the expense of PSG.

They are still outsiders in the Champions League odds as they would be underdogs to both Real Madrid or Bayern Munich in the final. 

Please join me as I break down the latest soccer odds for the 2023-24 tournament.

Champions League odds

Team
Real Madrid	-112
Borussia Dortmund	+252
Bayern Munich	+300

Odds as of 5/7/24

Favorites to win the 2023-24 Champions League

Real Madrid (-112)

Whether you love them or hate them, there's simply no denying Real Madrid's pedigree and ability to get the job done no matter what. 

They went toe-to-toe with arguably the best all-around team in Europe over two legs and took their chances well in penalties to get back to the UCL semifinals for the fourth consecutive season and 12th time in the last 14 years. 

The first leg of the semifinal with Bayern saw a 2-2 tie, so all things are square heading back to Madrid.

Borussia Dortmund (+252)

While nobody is trying to discredit Borssussia Dortmund's incredible run to the Champions League finals, they are admittedly outsiders in the footballing community.

After standing tall at home in a 1-0 win, Dortmund held PSG off the scoresheet at the Parc Des Princes to book their spot in the final of club football's grandest competition. 

Tip of the cap to them, but they'll be underdogs against both Real Madrid or Bayern Munich. 

Bayern Munich (+300)

While Bayern may not have won the Bundesliga for the 12th straight season, they are in the Champions League semifinals for the first time since winning it during the 2019/20 season. 

The big talking point and running joke is Harry Kane's quest for a trophy and while this is his only hope, running into Real Madrid in the semifinals has me skeptical. 

Still, all things are square ahead of next week's final game.

Champions League top scorer odds

Player	Odds
Kylian Mbappe	-205
Harry Kane	+170
Jude Bellingham	+2,506
Rodrygo	+2,572
Vinicius Jr.	+6,270

Odds as of 4/18/24

2023-24 Champions League Format

Matchday 1 of the Group Stage is set for Sept. 19-20, 2023. The sixth and final matchday is set for Dec. 12-13. The Round of 16 will begin on Feb. 13-14, 2024, with the drawing taking place on Dec. 18, 2023. The round will conclude on March 12-13, and on March 15, the quarterfinal draw will take place. 

The home-and-home quarterfinals will be played on April 9-10 and April 16-17, and the home-and-home semifinals on April 30 to May 1 and May 7-8. The winner-take-all Champions League Final will be held at Wembley Stadium on June 1.

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 14 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

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

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