Champions League Futures Odds: Powerhouses Collide in Round of 16

The draw for the knockout stages of the UCL delivered, with Real Madrid vs. Liverpool and Bayern Munich vs. PSG to come in the New Year. Other teams got a little luckier, and that's reflected in the odds to win the Champions League, below.

Last Updated: Nov 29, 2022 1:01 PM ET Read Time: 4 min
Mo Salah Liverpool FC Champions League
Photo By - USA TODAY Sports

The international break for the winter World Cup is going to throw a wrench in seasons all around the world but it will be perhaps no more aggrivating than as it relates to the Champions League, which now faces a long three-month break.

When it returns, however, it will return in glorious fashion as a fantastic Round of 16 is set. There are compelling matchups up and down the bracket but two stand out in particular: A rematch of last year's final between Real Madrid and Liverpool, as well as rematch of the '20 final between Bayern Munich and PSG. 

The knockout stage draw had a ripple effect throughout the Champions League odds board — check out the latest update below.  

Champions League odds

Live odds courtesy of DraftKings Sportsbook. Be sure to compare Champions League odds before placing your bets.  

Favorites to win the Champions League

Man City (+170)

While a quartet of European powerhouses drew one another, Man City's status as the favorite was helped by a friendly draw in the Round of 16. After an undefeated group stage, City drew RB Leipzig, who sit outside the Top 4 in a wide-open Bundesliga.  

Leipzig did end the group stage in an impressive manner, winning each of their last four games, but that form will not count for anything when this competition resumes in mid-February.

Bayern Munich (+600)

Bayern didn't flinch in the Group of Death, with the German giants navigating Group C — alongside Barcelona, Inter Milan, and Viktoria Plzen — with six wins in six. There's no time to relax for Bayern, however, as they drew PSG to start the knockout stages. 

Liverpool (+800)

It speaks to the credit Jurgen Klopp and this Liverpool team have earned over the last few years that, despite a poor domestic season and a Round of 16 date with Real Madrid, they moved into the Top 3 as PSG slid down.

Klopp's teams have been tremendous in tournament play and the 90-plus-day break is no more needed than Merseyside but as it stands, it's hard to put much faith in this squad.  

2022-23 Champions League Round of 16 draw

The Champions League will resume on February 14, with home-and-away legs contested between 16 teams. The Round of 16 draw was as follows:

  • Paris Saint-German vs. Bayern Munich
  • AC Milan vs. Tottenham
  • Club Brugge vs. Benfica
  • Borussia Dortmund vs. Chelsea
  • Liverpool vs. Real Madrid
  • Eintracht Frankfurt vs. Napoli
  • RB Leipzig vs. Man City
  • Inter Milan vs. Porto

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.
  • Five different English teams have won the tournament, the most from one country.
  • Cristiano Ronaldo holds the record for the second-most Champions League titles for a single player.

Past Champions League winners

Team Year
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
Internazionale Milan 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 is 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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