Champions League Odds & Favorites 2026: Liverpool the Early Favorites; Usual Suspects In Pursuit

Liverpool are the early Champions League odds favorites, with Real Madrid, PSG, Arsenal, Manchester City, and Barcelona close behind.
Champions League Betting Odds 2025: Early Favorites Liverpool Lead Real Madrid, PSG, Arsenal
Pictured: Liverpool's Cody Gakpo celebrates after scoring the opening goal during the English Premier League match between Liverpool FC and Arsenal FC. Photo by Xinhua via Imagn Images

PSG were crowned champions of Europe after a clinical and demonstrative 5-0 win over Inter Milan in the final. The champions, however, aren't the early Champions League odds favorites at our best soccer betting sites for the 2025-26 competition. 

That label goes to Liverpool, who are trading just ahead of Real Madrid, Arsenal, Manchester City, Barcelona, and the aforementioned French champs. 

Here are the early 2026 Champions League odds via FanDuel and an AI prediction for the eventual winner. 

🏆 Champions League odds 2026

Team Odds (via FanDuel) Implied probability Profit ($10)
Liverpool  +600 14.29% $60
Real Madrid  +700 12.50% $70
PSG +750 11.76% $75
Arsenal  +750 11.76% $75
Manchester City  +900 10% $90
Barcelona  +900 10% $90
Bayern Munich  +1000 9.09% $100
Chelsea +1800 9.09% $180
Newcastle +2300 4.17% $230
Inter Milan  +2500 3.85% $250

🤖 Champions League AI prediction (Real Madrid +700 via FanDuel)

We asked ChatGPT, a large language model chatbot from OpenAI, for its best prediction to win the Champions League. Please note that ChatGPT is not an experienced better but can provide additional information and insights into the tournament and betting markets. This is for entertainment purposes only.

⚪ Why Real Madrid?

💣 1. The Mbappé Factor

This will be the second Champions League campaign with Kylian Mbappé in white, and it’s hard to overstate the significance. He’s a top-3 player in the world, entering his prime, and is now surrounded by elite service (Bellingham, Vinícius, Valverde, Rodrygo). His transition into a fluid attacking system at the Bernabéu adds explosiveness and unpredictability that even the most structured machines may struggle to contain.

🧠 2. Tournament IQ & mentality

No club understands the Champions League like Real Madrid. Since 2014, they’ve won it five times, and Carlo Ancelotti has perfected the balance of composure and killer instinct. They know when to sit back, when to control tempo, and when to strike, particularly in second legs and extra time. This “winning muscle memory” is unmatched.

🧱 3. Squad depth & balance

Madrid have the most complete and balanced squad in Europe:

  • Midfield: Bellingham, Valverde, Camavinga, Tchouaméni, Modrić (still valuable in moments)
  • Attack: Mbappé, Vinícius, Rodrygo, Endrick (added versatility)
  • Defense: Éder Militão and Antonio Rüdiger anchor a disciplined backline, with Courtois returning to full fitness They can beat you in transition, possession, or even with set pieces. No team has their versatility and depth across all areas.

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📈 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?

Liverpool are the Champions League favorites, with +600 odds at FanDuel, implying a winning probability of 14.29%, 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 2025 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.

🥅 Soccer betting odds pages

👑 Best soccer betting sites

Looking to bet on soccer today? Here are the best soccer betting sites as determined by our expert team at Sportsbook Review, along with the best sportsbook promos available for today's Champions League games.

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Each betting site featured on SBR has been meticulously researched and selected by our team of experts. If you sign up through our links, we may get a commission.