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Will Paris Saint-Germain triumph during the Champions League? Read on as we track the odds for the 2023 Champions League and offer our top futures picks.

The Champions League returns in mid-February with fantastic matchups. Building upon the form shown at the World Cup from their dynamite trio of Messi, Mbappe, and Neymar, Paris Saint-Germain are in a great position to finally lift the trophy. Their first major test lies ahead in the round of 16, as the German giants get Bayern Munich, who are getting the second-best odds behind only Manchester City. They'll look to harm the Paris glam football club.

PSG vs. Bayern isn't the sole blockbuster in this round of the competition. There's a rematch of the 2022 final between Liverpool and Real Madrid in the knock-out stage. AC Milan vs. Tottenham and Borussia Dortmund vs. Chelsea could also turn into classics.

Here’s our look at the decisive rounds of the 2022-23 Champions League campaign.

Check out our soccer best bets.

Champions League Odds 2022-23

TeamFanDuelDraftKingsBetMGMPointsBetCaesars
Manchester City+160+170🔥+165+150❄️+170🔥
Bayern Munich+650🔥+600+600+600+600
PSG+750+750+600❄️+800🔥+700
Liverpool+1000+800❄️+900+1000+900
Napoli+1100❄️+1200+1200+1600🔥+1100
Real Madrid+1300🔥+1100+1000+1000❄️+1100
Chelsea+1400+1400+1800🔥+1400+1400
Tottenham+1800+1600❄️+1800+2000🔥+1600
Benfica+2600🔥+1800+2000+2000+1800
Inter Milan+3400+3500🔥+3300+2500❄️+2500
AC Milan+3400+5000🔥+3300❄️+3300❄️+3500
Dortmund+4400+5000+4000❄️+5000+4000
FC Porto+6500+8000🔥+6600+6600+6000❄️
Eintracht+11000🔥+10000+10000+10000+10000
RB Leipzig+11000🔥+8000+6600❄️+8000+6000
Brugge+11000+15000🔥+15000🔥+10000❄️+15000

Champions League Winner Best Bets

  • Manchester City (+170 via DraftKings Sportsbook)
  • Bayern Munich (+650 via FanDuel Sportsbook)
  • PSG (+800 via PointsBet)

Champions League Odds 2022-23: Favorites

Manchester City (+170 via DraftKings)

City manager Pep Guardiola has come close to winning the Champions League on various occasions since taking over at the Etihad in 2016. Pep brought domestic glory and totally changed City’s principles and the structure of the club, but he's never delivered the trophy his bosses really want.

Will 2023 finally be City's year? The team faces a mountain to climb, that’s for sure. Manchester City squares off with an opponent regarded as inferior in the round of 16, but Leipzig isn't a pushover.

City sit second in the Premier League table while trailing only Arsenal, adding even more pressure for Guardiola. Later in the season, he might need to choose between going all-in on the Champions League and pushing to lift a fifth English title in six years.

Bayern Munich (+600 via FanDuel)

A Lewandowski-less Bayern climbed back to the top of the Bundesliga table after a shaky start to their campaign. With Sadio Mane now leading the attacking line, Bayern are well-positioned to enjoy Champions League glory, despite oddsmakers putting them way behind City. Bayern winning now stands at +600 via FanDuel, compared to City’s +160.

Paris Saint-Germain (+800 via PointsBet)

The best player of all time, the best Brazilian player in his generation, and the young star who's ready to take the crown once Messi retires. Paris Saint-Germain finally have Leo Messi, Neymar, and Kylian Mbappe in form and ready to deliver.

They should exploit that to the maximum. Whoever wins the titanic clash between PSG and Bayern in the round of 16 becomes the biggest challenger for Manchester City.

Champions League Odds 2022-23: Contenders

Napoli (+1600 via PointsBet)

Napoli were undefeated in Serie A until early in 2023. They only lost to Liverpool during the Champions League group stage when the result didn’t matter to them anymore.

Luciano Spalletti created a surprise pack that seems ready to challenge any opponent. If their form stays similar, Napoli can become a serious contender for Champions League gold. The Italian Serie A leaders play Eintracht Frankfurt for a seat in the quarterfinals.

Tottenham (+2000 via PointsBet)

Tottenham’s domestic form shouldn’t mean anything when they play in the Champions League. Manager Antonio Conte’s football brain is capable of wonders, and he's proven it on multiple occasions.

His first chance to replicate a tactical masterpiece is about to come against Italian opposition. Tottenham play AC Milan to advance. Conte, a lifelong Rossoneri rival both as a player and coach, will surely spice things up.

Eintracht (+11000 via FanDuel)

Eintracht weren’t given too many chances in the Europa League last season, but they defied the odds and went all the way to the final before winning the competition. They're a surprising and mature team that must be taken seriously.

Champions League Odds 2022-23: Long Shot

Brugge (+15000 via Caesars)

Brugge left Atletico Madrid and Bayer Leverkusen behind to reach the Round of 16, so Benfica would make a big error if they underestimate the Belgians. The club has a shot to get through, then only four matches will be left until the final. Does anyone fancy a bet on the fairytale underdog?

Champions League Recent Winners

TeamYearOpening Odds
Real Madrid2022+1400
Chelsea2021+2000
Bayern Munich2020+1200
Liverpool2019+1200
Real Madrid2018+400
Real Madrid2017+500
Real Madrid2016+530
FC Barcelona2015+550
Real Madrid2014+500

Champions League FAQs

Who won the Champions League last year?

Real Madrid triumphed against Liverpool in Paris to record their 14th Champions League success. Brazilian forward Vinicius Jr. scored the only goal of the match during the second half.

When will the 2023 Champions League be decided?

This year's final will take place on June 10.

Where will the 2023 Champions League final be played?

After 17 years, the Champions League's last act returns to the Atatürk Olympic Stadium in Istanbul. Liverpool won the trophy there in 2005 after an epic battle with AC Milan. The Italians led 3-0 before Liverpool equalized and took the match after a penalty shootout.

Where to Bet on Champions League Odds

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