The 2023-24 UEFA Champions League quarterfinals are now set and neutral soccer fans worldwide could not have asked for a better draw.
Mouthwatering fixtures include Man City vs. Real Madrid, Arsenal vs. Bayern Munich, PSG vs. Barcelona, and Borussia Dortmund vs. Atletico Madrid.
Join me as I break down the latest UEFA Champions League odds for the 2023-24 tournament.
2023-24 UEFA Champions League odds
Team | |
---|---|
Manchester City | +185 |
Arsenal | +488 |
Real Madrid | +607 |
Bayern Munich | +695 |
PSG | +813 |
Barcelona | +1,017 |
Atletico Madrid | +1,227 |
Borussia Dortmund | +2,381 |
Odds as of March 22 2024.
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Favorites to win the 2023-24 Champions League
Manchester City (+185)
It's been smooth sailing for Man City as they breezed through the group stage and the Round of 16 with little to no resistance.
Well, it's going to get a hell of a lot tougher in the quarterfinals against the 14-time Champions League winner, Real Madrid.
This two-leg tie is the pick of the round and it would not shock me to see the winner go on to lift the trophy on June 1.
Arsenal (+488)
It wasn't always the most convincing, but Arsenal booked their ticket into the quarterfinals via penalties against a very game FC Porto side.
If that wasn't mouth-in-heart times, then a two-leg tie against the 11-time reigning German champions, Bayern Munich certainly is.
Despite the draw, Arsenal should feel confident and as such, the oddsmakers have tabbed them as the second choice, ahead of Real Madrid and Bayern.
Real Madrid (+469)
Speaking of Real Madrid, they looked far from convincing in their Round of 16 tie vs. RB Leipzig and a date with Man City will do them no favors.
Still, if there's a team with the know-how and the will to win, it's this Madrid side as they've proven us wrong time and time again.
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
Team | Year |
---|---|
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
Man City won the Champions League last season, defeating Inter 1-0.
Real Madrid have won a record 15 Champions League titles, including six over the past 11 seasons.
Five teams stood out as the biggest favorites after the group stage: Manchester City, Bayern Munich, Liverpool, Chelsea, and Paris Saint-Germain.