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Striker Erling Haaland is one of the main reasons Manchester City are heavy favorites in the Champions League 2023-24 odds.
Manchester City striker Erling Haaland applauds the fans following the UEFA Champions League second-leg semi-final football match against Real Madrid. Photo by Oli Scarff via AFP.

The 2022-23 UEFA Champions League Final ended with English giants Manchester City hoisting the trophy. Can Pep Guardiola's men repeat as champions following the club's first-ever Champions League triumph? Check out our best Champions League odds for the 2023-24 campaign.

Manchester City capped off another trophy-filled season with their first Champions League title in club history. As expected, they open as the favorites at our best sports betting apps to win this year's tournament.

Will City go back-to-back after falling just short for so many years, or will a juggernaut from Germany get redemption in 2024?

Here are our top Champions League Final from our best sports betting sites.

Champions League odds 2023-24

Champions League odds as of Thursday, Sept. 21

Man City+200+200+220 🔥+195 ❄️+200
Bayern Munich+500+500+500+500+500
Real Madrid+750+800+750+700 ❄️+800
Arsenal+800+850+800+900 🔥+800
PSG+1200+1300+1100 ❄️+1200+1400 🔥
Man United+2800+3400+2800+3500 🔥+2500 ❄️
Napoli+2500+2900 🔥+2800+2500+2500
Newcastle+2500 ❄️+3400+3300+3500 🔥+3300
Atletico Madrid+2800+2900+2500 ❄️+3000+3300 🔥

Check out our soccer best bets.

Champions League odds analysis

The first week of group-stage games are complete, and some of the teams on our oddsboard have been affected by the results.

All of our best sports betting sites offer Champions League odds, with the best prices fairly evenly distributed.

Those looking to back either of the two favorites should head to BetMGM, which offers  the best price on Manchester City, as well as the joint-best odds on Bayern Munich.

If you're looking to back one of the long shots, Caesars or FanDuel may be your better choices.

Champions League odds movement

Following the first group-stage matches, there was some significant movement among the losers for those games. Manchester United's and Newcastle's odds both lengthened following their results (United lost to Bayern and Newcastle drew AC Milan).

Meanwhile, Arsenal's odds shortened significantly following their dominant win against PSV. Each of the top six teams on our oddsboard emerged from Matchday 1 with three points.

Champions League odds 2023-24: Favorite

Manchester City (+220 via BetMGM)

Manchester City are off to a perfect start in the Premier League, and they remain the absolute cream of the crop in Europe. They dismantled Serbian side Crvena zvezda by a score of 3-1.

These odds at BetMGM offer bettors some added value on Manchester City, as they range from +190 to +200 at our other best sportsbooks.

Champions League odds 2023-24: Contender

Bayern Munich (+500)

Bayern looked a bit shaky in their win over United, but they managed to hold on for the 4-3 victory and three points.

The German juggernauts have the talent, history of success, and manager who's won this tournament as recently as 2021.

Champions League odds 2023-24: Long shot

Newcastle (+3500 via Caesars)

Newcastle's odds lengthened somewhat following their draw away to Milan. However, I think this is an opportunity to buy the Magpies at this more generous price.

As we've mentioned before, this style of tournament probably better favors Newcastle than the slog of a 38-match season does. They're strong at the back and can score timely goals. Don't be surprised to see this team frustrate other sides en route to a deep run, a la Atletico Madrid.

Champions League odds 2023-24: Fade

PSG (+1400 via bet365)

PSG dispatched of Dortmund in comfortable fashion on Matchday 1, but I'm still a skeptic. 

The club is still lacking star power outside of Kylian Mbappe, and combine that with the fact that PSG are known choke-artists, and I feel safe fading the French powerhouse until further notice.

Recent Champions League winners

TeamYearOpening odds
Manchester City2023+300
Real Madrid2022+1400
Bayern Munich2020+1200
Real Madrid2018+400
Real Madrid2017+500
Real Madrid2016+530
FC Barcelona2015+550

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Soccer betting odds pages

World Cup OddsEPL Title Odds
Women's World Cup OddsUEFA Champions League Odds
World Cup Golden Boot OddsEuropean Championship Odds

Champions League FAQs

Who won the Champions League last year?

Manchester City won their first-ever Champions League title in 2023 after opening with odds of +300 and closing as roughly -600 favorites the day before the Final against Inter Milan.

When will the 2024 Champions League be decided?

The 2023-24 Champions League Final will be played on June 1, 2024.

Where will the 2024 Champions League final be played?

The Champions League Final will return to England's Wembley Stadium for the first time since 2013. This will be the third time the Final is played at the rebuilt Wembley, with the original stadium hosting the event five times.

Here are our best sports betting apps:

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