Champions League Futures Odds: Real Madrid Meet Dortmund in Wembley Finale

After Dortmund punched their ticket to Wembley on Tuesday, Real Madrid followed suit and snatched victory from the jaws of defeat with a 2-1 win vs. Bayern Munich. 

The Spanish giants will make their second appearance in three years and the Champions League odds have tabbed them as heavy favorites to lift the trophy for the 15th time. 

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

Champions League odds

Team
Real Madrid	-334
Borussia Dortmund	+250

Odds as of 5/8/24

Favorites to win the 2023-24 Champions League

Real Madrid (-334)

I've always said that it's foolish to count Real Madrid out and even as time was winding down in their second-leg fixture vs. Bayern Munich, a 1-0 deficit did not look too steep a mountain to climb. 

Instead, 34-year-old loanee, Joseulu was the hero, scoring twice in a three-minute span to send Real Madrid to Wembley where they will try to slate yet another German foe. 

Borussia Dortmund (+250)

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 are considerable underdogs vs. the Champions League legends, Real Madrid. 

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 5/7/24

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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