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

Borussia Dortmund will take on Real Madrid at Wembley Stadium on June 1. Join me as I break down the Champions League odds below.

Publishing Editor
May 28, 2024 • 10:33 ET • 4 min read
Real Madrid La Liga
Photo By - USA TODAY Sports

The Champions League Finals is just four days away and the Champions League odds are holding steady in Real Madrid's favor. 

The Spanish giants will make their second appearance in three years and have been 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 finale. 

Champions League odds

Team BetTony
Real Madrid Real Madrid -304
Borussia Dortmund Borussia Dortmund +215

Odds as of 5/28/24

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Favorites to win the 2023-24 Champions League

Real Madrid (-304)

There's pedigree, and then there's Real Madrid's Champions League pedigree. 

The Spanish giants will look to win their 15th Champions League trophy on Saturday, June 1 at the expense of German side Borussia Dortmund. 

It would be the icing on the cake for a team that ran wild in La Liga, winning the league by 10 points with the best scoring record both offensively and on defense. 

Thanks to Joseulu's heroics in the semifinals, scoring twice in three minutes to send Real Madrid to Wembley, Los Blancos are the odds-on favorite to complete the perfect season. 

Borussia Dortmund (+215)

While nobody is trying to discredit Borussia 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. 

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

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