The Champions League semifinal matchups are set, and the Champions League odds paint a picture favoring a Spanish giant.
Barcelona remain the slight betting favorite ahead of their clash with Inter Milan, but Paris Saint-Germain are hot on their heels ahead of their Arsenal showdown.
Join me as I break down the soccer odds below.
Champions League odds
Odds as of 4-21
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Favorites to win the 2024-25 Champions League
Barcelona
Barcelona's place in the semifinals was never really in doubt as the Catalan giants smashed Borussia Dortmund 4-0 in the first leg.
A 3-1 reverse fixture loss was but a small blemish on an already super campaign.
Next up for the betting favorites is a formidable Inter Milan side.
Paris Saint-Germain
After knocking out Liverpool in the QF, Paris Saint-Germain held on to beat another English side, this time, edging Aston Villa by a 5-4 aggregate scoreline.
PSG showed their ability to score easily, but with a leaky defense, they could be in trouble against yet another English opponent, this time Arsenal.
Arsenal
Entering their QF tie with Real Madrid, Arsenal were considered outsiders to get by Los Blancos.
A 3-0 win at the Emirates in the first leg set the tone for a 5-1 aggregate win.
They'll be in tough vs. PSG, but will undoubtedly fancy their chances.
Inter Milan
Inter Milan may be in line to win the Scudetto in Serie A, but they are undoubtedly underdogs in their two-leg fixtures vs. Barcelona.
Inter showed great resilience by sneaking by Bayern Munich in the QF, but the going may get tougher for the Italians.
2024-25 Champions League semifinal matchups
| Matchup | First Leg | Second Leg |
|---|---|---|
| Arsenal vs. PSG | Tuesday, April 29 — 3:00 p.m. ET | Wednesday, May 7 — 3:00 p.m. ET |
| Barcelona vs. Inter | Wednesday, April 30 — 3:00 p.m. ET | Tuesday, May 6 — 3:00 p.m. ET |
2024-25 Champions League Format
The Champions League format we've all known to love is changing (perhaps for the better), so let's break it down:
- Instead of having 32 teams split into eight groups, there will now be one league that houses all 36 qualified teams.
- Each team will play eight games against randomly selected opponents (based on pot seedings) — four home and four away.
- Three points for a win, one point for a draw.
- The Top 8 teams on point total will qualify for the Round of 16, while the teams that finish between 9th and 24th will play a two-legged playoff with the winners securing their spot in the Round of 16.
- From there, the competition will continue as normal with a two-leg home and away fixture for each tie onwards until the Finals which is a winner-take-all match at a neutral venue.
The Champions League draw will take place on August 29, 2024, and the tournament will get underway on September 17, with the league portion wrapping up on January 29, 2025.
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 15 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
| Team | Year |
|---|---|
 Real Madrid |
2024 |
 Manchester City |
2023 |
| Real Madrid |
2022 |
 Chelsea |
2021 |
 Bayern Munich |
2020 |
 Liverpool |
2019 |
| Real Madrid |
2018 |
| Real Madrid |
2017 |
| Real Madrid |
2016 |
| Barcelona |
2015 |
| Real Madrid |
2014 |
| Bayern Munich |
2013 |
| Chelsea |
2012 |
| Barcelona |
2011 |
| Inter |
2010 |
| Barcelona |
2009 |
 Manchester United |
2008 |
 Milan |
2007 |
| Barcelona |
2006 |
| Liverpool |
2005 |
| ⚽ Porto | 2004 |
| Milan |
2003 |
| Real Madrid |
2002 |
| Bayern Munich |
2001 |
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
Real Madrid won the Champions League in 2024, defeating Borussia Dortmund 2-0.
Real Madrid have won a record 15 Champions League titles, including six over the past 11 seasons.
Three teams lead the way as the playoff round ties are set with Liverpool (+394), Barcelona (+590) and Arsenal (+592) leading the way.
