Champions League Futures Odds: Real Madrid Appear the Team to Beat

There are now just four teams left in the 2023-24 UEFA Champions League competition and for the most part, it's who we expected. 

Real Madrid, Bayern Munich, and PSG are all European powerhouses while Borussia Dortmund is admittedly the outsider.

If the semifinal ties between Real Madrid vs. Bayern Munich and PSG vs. Dortmund are just half as good as the previous round, we are in for a treat. 

Please join me as I break down the latest UEFA Champions League odds for the 2023-24 tournament.

UEFA Champions League odds

Team
Real Madrid	+142
PSG	+252
Bayern Munich	+275
Borussia Dortmund	+880

Odds as of 4/18/24

Favorites to win the 2023-24 Champions League

Real Madrid (+142)

Whether you love them or hate them, there's simply no denying Real Madrid's pedigree and ability to get the job done no matter what. 

They went toe-to-toe with arguably the best all-around team in Europe over two legs and took their chances well in penalties to get back to the UCL semifinals for the fourth consecutive season and 12th time in the last 14 years. 

Next up is a date with Bayern Munich — which is a tie worthy of the Finals. 

PSG (+252)

PSG were left rueing their chances in the opening leg vs. Barcelona, as they trailed 3-2 heading to Spain for the return fixture. What transpired  — outside of the red card  — was a masterclass in attacking and making the most of the opportunity.

PSG's high-octane attack will always give them a fighting chance which is why they are second choice on the UCL odds board. 

A home-and-away with Dortmund will be tricky, but PSG will be favorited in both contests.  

Bayern Munich (+275)

While Bayern may not have won the Bundesliga for the 12th straight season, they are in the Champions League semifinals for the first time since winning it during the 2019/20 season. 

The big talking point and running joke is Harry Kane's quest for a trophy and while this is his only hope, running into Real Madrid in the semifinals has me skeptical. 

Still, Bayern are a force and they will bring the fight to Real Madrid. 

Borussia Dortmund (+880)

While nobody is trying to discredit Borssussia Dortmund's incredible run to the semifinals, they are admittedly outsiders in the footballing community.

Beating Atletico Madrid and scoring five goals in the process is impressive but the competition ramps up in a big way vs. PSG. 

Can the Yellow Wall lead Dortmund to victory in the opening leg and put them in the driver's seat? That'll be the big question. 

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 4/18/24

Champions League winning nationality odds

Odds as of 4/18/24

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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