Paris Saint-Germain finally did it.
After years of near-misses and high-profile heartbreaks, PSG lifted their first-ever Champions League trophy last season — and now they enter the 2025–26 campaign with a new target on their back.
The latest Champions League odds have the French giants priced around +700 to defend their title, trailing perennial contenders like Real Madrid and Liverpool. But with momentum, a balanced squad, and the pressure of "when, not if" finally off their shoulders, PSG might just be worth a serious look to go back-to-back.
Champions League odds
| Team |  |
|---|---|
 Liverpool |
+550 |
 Real Madrid |
+650 |
 Arsenal |
+700 |
 PSG |
+700 |
 Man City |
+800 |
 Barcelona |
+800 |
 Bayern Munich |
+900 |
 Chelsea |
+1600 |
 Newcastle |
+2000 |
 Inter Milan |
+2200 |
 Napoli |
+2500 |
 Atletico Madrid |
+2500 |
 Juventus |
+4000 |
 Tottenham |
+4000 |
 Bayer Leverkusen |
+5000 |
 Borussia Dortmund |
+5000 |
Odds as of 6-2
Favorites to win the 2025-26 Champions League
Liverpool
Liverpool is a sharp futures play heading into 2025–26. They’ve reloaded with pace and press under a fresh managerial approach, and their Champions League pedigree can’t be ignored.
Anfield is still a fortress, and with a deeper, younger squad, they’re built for a long knockout run. If you’re looking for value outside the usual La Liga giants, Liverpool’s odds won’t stay this juicy for long.
Real Madrid
New coach, same monster. Even with Carlo Ancelotti stepping aside, Real Madrid remains the gold standard in Europe.
The core is still elite — Mbappe, Bellingham, Vini Jr., Valverde, and now Endrick — and the system hasn’t missed a beat.
Whether it’s knockout chaos or tactical chess, Madrid always finds a way. At short odds, they’re still worth backing because history says: never fade Real in the Champions League.
Paris Saint-Germain
PSG finally broke the curse — and now they’re hunting for a repeat.
The 2024–25 title run wasn’t just about lifting the trophy, it was a blueprint for sustained success. They’ve ditched the superstar-overload model and built a complete, disciplined squad.
With the pressure off and the confidence of champions, PSG offers strong value — and they’re no longer just a futures flier. This team knows how to win now.
2025-26 Champions League Format
The Champions League format we've all known to love has changed 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 |
|---|---|
| PSG |
2025 |
| 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
PSG won the Champions League in 2025, defeating Inter Milan 5-0.
Real Madrid have won a record 15 Champions League titles, including six over the past 11 seasons.
The Champions League odds are set with Liverpool (+550), Real Madrid (+650), Arsenal (+700) and PSG (+700) among the favorites.
