Champions League Odds & Favorites 2024-25: Liverpool Favorites; Arsenal, Barcelona Close Behind
Make it one win in their last nine games in all competitions as Manchester City lost 2-0 at Juventus to compound the misery for Pep Guardiola's side.
Their Champions League odds took another hit, lengthening to +700 after the defeat, which extended their winless streak in this competition to three games.
Arsenal and Barcelona won their Matchday 6 contests to keep pace with Champions League odds favorite Liverpool entering Matchday 7, played on Jan. 21 and Jan. 22.
Liverpool, also the Premier League championship odds favorites, are trading at +400 across our best soccer betting sites.
Champions League odds 2024-25
Here are the latest notes entering Matchday 7
- Liverpool have the only perfect record after six matches
- Barcelona, the only other unbeaten team, beat Borussia Dortmund away thanks to a late Ferran Torres winner
- City's odds have lengthened from +350 to +700 since Matchday 5
- Real Madrid's odds remained unchanged (+700) after beating Atalanta in Matchday 6
- Bayer Leverkusen's odds improved to +2000 after beating Inter Milan 1-0 at home
- Bayern Munich's odds shortened to +700 after thrashing Shakhtar Donetsk 5-1 without the injured Harry Kane
- Arsenal brushed aside Monaco 3-0 at home to maintain their status as the second-favorites
Champions League favorite 2024-25
Liverpool (+400)
Liverpool are becoming a bit of a runaway train. They're trading at minus money by the Premier League odds, and now they're the favorites to win the Champions League, too.
The Reds' victory against Real Madrid was just a microcosm of the team's campaign thus far. They held another clean sheet, shutting down some of European football's most dangerous players. They followed that impressive win with another clean sheet away to Girona on Matchday 6.
The only danger for Liverpool is that they could get run down, competing at such a high level in two massive competitions. At this stage, they look good value as favorites, but there's still a long way to go.
Best odds: +400 via bet365 | Implied probability: 20%
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My Champions League team to watch
Manchester City (+700)
This is easily the worst run Manchester City has endured since Guardiola took charge in 2016. It's too early to tell whether it's the end of City's dynastic run, but a run of one win in nine matches is unheard of. I can confidently say it's no longer merely a slide.
While the significance of Rodri's injury cannot be overstated, City should be good enough to pick up wins in their lynchpin's absence. But That hasn't been the case.
Things went from worse to abhorrent on Matchday 6. The 2-0 loss to Juventus made it three straight without victory in the Champions League.
Playing the way they are, I don't like their chances in Paris against PSG on Matchday 7. In previous years, City usually goes on an impressive winning run from January onward. However, this edition is a shadow of their former selves, and nobody should rely on that usual scenario recurring.
Best odds: +700 via DraftKings | Implied probability: 12.50%
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2024-25 UCL format changes
The group stage features a major change for the 2024-25 UEFA Champions League. We are now treated to a single 36-team league stage, during which each side faces eight different teams (four at home, four away).
The top eight overall advance directly to the Round of 16. Then, teams finishing from ninth to 24th will meet in the knockout-round playoffs, from which eight more teams will emerge. Once those 16 are set, it becomes a straight knockout like we've seen in previous years.
2024-25 schedule and key dates
Stage matches
- Matchday 1: Sept. 17–19 ✅
- Matchday 2: Oct. 1-2 ✅
- Matchday 3: Oct. 22-23 ✅
- Matchday 4: Nov. 5-6 ✅
- Matchday 5: Nov. 26-27 ✅
- Matchday 6: Dec. 10-11 ✅
- Matchday 7: Jan. 21-22, 2025
- Matchday 8: Jan. 29, 2025
Knockout stage
- Knockout-round play-offs: Feb. 11-12 & 18-19, 2025
- Round of 16: March 4-5 & 11-12, 2025
- Quarter-finals: April 8-9 & 15-16, 2025
- Semi-finals: April 29-30 & May 6-7, 2025
- Final: May 31, 2025
Qualifying rounds
- First qualifying round: July 9-10 & 16-17 ✅
- Second qualifying round: July 23-24 & 30-31 ✅
- Third qualifying round: Aug. 6-7 & 13 ✅
- Playoffs: Aug. 20-21 & 27-28 ✅
How to read Champions League title odds
Champions League title odds reflect the probability of each Champions League team winning the championship and are typically presented in American odds format (+XXX). Lower odds signify favoritism, while higher odds indicate underdog status.
A team with +750 odds to win the Champions League is given an 11.76% implied probability of doing so with a $10 bet returning a $75 profit with a victory. A team with +1500 odds would have higher or longer odds, and a lower implied probability of 6.25%, but a win on a $10 bet would return a profit of $150.
Bettors should consider team performance, roster strength, injuries, and historical trends when assessing odds. Individuals can make informed betting decisions during the Champions League season by comparing odds across sportsbooks.
Past Champions League winners
| Team | Year | Odds prior to Round of 16 |
|---|---|---|
| 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 wins by team
| Team | Championships | Runners-up |
|---|---|---|
| Real Madrid | 15 | 3 |
| Milan | 7 | 4 |
| Bayern Munich | 6 | 5 |
| Liverpool | 6 | 4 |
| Barcelona | 5 | 3 |
| Ajax | 4 | 2 |
| Inter Milan | 3 | 3 |
| Manchester United | 3 | 2 |
| Juventus | 2 | 7 |
| Benfica | 2 | 5 |
Champions League FAQs
Who is the favorite to win the Champions League in 2025?
Liverpool are the Champions League favorites with +400 odds imply a winning probability of 20%, via our odds calculator.
When does the 2024-25 Champions League start?
The 2024-25 UEFA Champions League got underway with the qualifying rounds starting on July 9, 2024. Group Stage match weeks began on Sept. 17, 2024, and run until Jan. 9, 2025.
Knockout rounds begin on Feb. 11, 2025, and take us through to the final on May 31, 2025.
Who won the Champions League last year?
Real Madrid won the Champions League title in 2024 after opening with odds of +650 and closing as roughly -340 favorites the day before the final against Dortmund.
When will the 2025 Champions League be decided?
The 2024-25 Champions League Final will be played on May 31, 2025.
Where will the 2025 Champions League final be played?
The Champions League Final will return to Germany's Allianz Arena for the first time since 2012.
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