After a thrilling Round of 16, the Champions League quarterfinal matchups are set and the Champions League odds paint a picture favoring a Spanish giant.
Barcelona remain the slight betting favorite, but Paris Saint-Germain are turning heads after eliminating Liverpool at Anfield on Tuesday.
Join me as I break down the soccer odds below.
Champions League odds
| Team |  |
|---|---|
 Barcelona |
+301 |
 Paris Saint-Germain |
+334 |
 Real Madrid |
+351 |
 Bayern Munich |
+505 |
 Arsenal |
+694 |
 Inter Milan |
+1006 |
 Aston Villa |
+2814 |
 Borussia Dortmund |
+4086 |
Odds as of 3-13
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Favorites to win the 2024-25 Champions League
Barcelona
After surviving the first leg in Portugal, Barcelona returned home and turned up the flair in a very straightforward 3-1 win, to secure their spot in the quarterfinals.
Lamine Yamal continues to turn heads as he set up a beautiful goal for Raphinha before scoring a worldie, which was the game-winner.
Barcelona are rightfully the favorites ahead of a QF clash vs. Borussia Dortmund.
Paris Saint-Germain
Don't look now, but Paris Saint-Germain are a serious contender in this year's Champions League competition.
Equipped with a strike in sizzling form (Ousmane Dembele), a midfield duo that's among the best in the world (Vitinha and Fabian Ruiz), and a giant goalkeeper who is near impossible to beat (Gianluigi Donnarumma), PSG are the complete package.
It's not every day a team outclasses Liverpool over 210 minutes of football, but PSG deserved a spot in the QF and will fancy their chances against either Aston Villa in the quarters.
Real Madrid
There is a reason Real Madrid are 15-time Champions League winners. They find ways to survive when they aren't at their very best and they have the help of the refs.
Second best for much of the 90 minutes in the second leg vs. Atletico, Madrid benefitted from a Julian Alvarez "double touch" penalty which was ruled out.
Nonetheless, Los Blancos are through and will be in tough once more against a free-scoring Arsenal side.
2024-25 Champions League Round of 16 draw
| Matchup | First Leg | Second Leg |
|---|---|---|
| Bayern Munich vs Inter Milan | Tuesday, April 8 — 3:00 p.m. ET | Wednesday, April 16 — 3:00 p.m. ET |
| Arsenal vs Real Madrid | Tuesday, April 8 — 3:00 p.m. ET | Wednesday, April 16 — 3:00 p.m. ET |
| Barcelona vs Dortmund | Wednesday, April 9 — 3:00 p.m. ET | Tuesday, April 15 — 3:00 p.m. ET |
| PSG vs Aston Villa | Wednesday, April 9 — 3:00 p.m. ET | Tuesday, April 15 — 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.
