Champions League Odds & Favorites 2026: Arsenal Increases Lead as Favorites

Arsenal is the class of Europe, according to the eye test and Champions League odds, with Bayern Munich closest.
Bukayo Saka celebrates after scoring as we provide the Champions League betting odds.
Pictured: Bukayo Saka celebrates after scoring as we provide the Champions League betting odds. Photo by Bradley Collyer via Imagn Images
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No team is enjoying a run like Arsenal, which is the clear Champions League odds favorite as we approach the end of the group stage. 

After losing to Arsenal, Bayern Munich is receiving the second-shortest Champions League odds, with a bevy of perennial contenders also making their impression felt. Liverpool, meanwhile, has slid down the leaderboard due to a recent poor run of form. 

🏆 Champions League odds 2026

Odds via FanDuel, one of the best sports betting apps

Team Odds Implied probability Profit ($10 bet)
Arsenal +340 22.73% $34
Bayern Munich +500 16.67% $50
PSG +600 14.29% $60
Man City +850 10.53% $85
Real Madrid  +850 10.53% $85
Barcelona +950 9.52% $95
Liverpool  +1100 8.33% $110
Chelsea +1600 5.88% $160
Inter Milan +2700 3.57% $270
Atletico Madrid +3000 3.23% $300

📈 Champions League betting history

Team Year Odds prior to Round of 16
PSG 2025 +1200
Real Madrid 2024 +550
Manchester City 2023 +185
Real Madrid 2022 +1600
Chelsea 2021 +1800
Bayern Munich 2020 +650
Liverpool 2019 +900
Real Madrid 2018 +850
Real Madrid 2017 +490
Real Madrid 2016 +550

❓ Champions League FAQs

Who is the favorite to win the Champions League in 2025?

Arsenal is the Champions League odds favorite while getting +340 odds at FanDuel, implying a winning probability of 22.73%, via our odds calculator.

Who won the Champions League last year?

PSG won the Champions League title last year for the first time. They opened at +2000. 

When will the 2026 Champions League be decided?

The 2026 Champions League Final will be played on Saturday, May 30, 2026.

Where will the 2026 Champions League final be played?

The Champions League Final will be played Puskas Arena in Budapest, Hungary.

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