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Real Madrid's Brazilian forward #11 Rodrygo celebrates after scoring as we look at the latest Champions League odds
Real Madrid's Brazilian forward #11 Rodrygo celebrates after scoring his team's first goal. Photo by Paul Ellis via AFP.

Real Madrid is the consensus favorites by the 2023-24 Champions League odds from our best soccer betting sites ahead of the UEFA Champions League semifinals.

Former Champions League favorites Man City were toppled by Real Madrid on penalty kicks in the quarterfinals, setting the stage for the Spanish giant to claim the throne atop the oddsboard.

The competition gets underway again with the first semifinal opening leg on Tuesday, April 30. Real Madrid and Bayern Munich will kick off the semifinal action, with Dortmund and PSG meeting in the first leg of their semifinal matchup on May 1.

Here are our top Champions League odds to help with your soccer picks.

Champions League odds 2024

(Champions League odds as of April 25)

TeamDraftKingsFanDuelBetMGMCaesarsbet365
Real Madrid+140+130 ❄️+137+135 +140
PSG+250   +240+240 +240 +250 
Bayern Munich+250 ❄️+260 +275+290 🔥+275
Dortmund+850 +800 +800 +1000 🔥+900

Champions League favorite 2024

Real Madrid (+140 via bet365)

The La Liga frontrunners drew Man City 3-3 in the first leg of the quarterfinals on April 9. After a 1-1 draw in the second stage a week later, Real Madrid won 4-3 on penalty kicks.

This pushed Real Madrid to the top of the Champions League oddsboard with odds as short as +130 ahead of their semifinal battle with Bayern Munich, representing a 43.48% of taking the 2024 crown. These +140 odds from bet365 would return a profit of $14 with a winning $10 bet on the Spaniards.

Champions League 2024 top goalscorer odds

Odds as of April 25

Player DraftKingsCaesarsbet365
Kylian Mbappe -200-200-200
Harry Kane+170+163 ❄️+175
Rodrygo+2500+5000 🔥+2500
Jude Bellingham+2500+3000+2500
Vinicius Junior+6500+5000 ❄️+6600
Joselu+30000 🔥+20000 ❄️+25000
Serge Gnabry+50000+50000+50000
Leroy Sane+50000+50000+50000

Champions League top goalscorer favorite 2024

Kylian Mbappe (-200 via Caesars)

A brace from Mbappe against Barcelona combined with two more guaranteed legs of play against arguably the weakest team remaining in the competition have brought the former contender to the top of the oddsboard. 

The PSG superstar forward has found the back of the net eight times in 10 Champions League appearances this season. He's scored in three of his last four games in the competition, and now he'll get two matches against a Dortmund side that he scored against in the group stage.

Champions League schedule: Semifinals

Here is the Champions League schedule, with game odds via bet365 as of April 18.

WhenFavoriteUnderdogDraw
Leg 1 - April 30Bayern Munich (+140)Real Madrid (+175)+260
Leg 1 - May 1PSG (+170)Dortmund (+137)+260
Leg 2 - May 7TBDTBDTBD
Leg 2 - May 8TBDTBDTBD
Champions League Final - June 1TBDTBDTBD

Champions League odds over time

Team Opening Odds (June 11, 2023)Odds as of April 9Odds as of April 18 (bet365)
Manchester City +200+188OFF
PSG+1000+800+250
Arsenal +2000 +500OFF
Bayern Munich+600+900+275
Real Madrid+750 +1200+140
Borussia Dortmund+4000+2500+900

Recent Champions League winners

TeamYear
Manchester City2023
Real Madrid2022
Chelsea2021
Bayern Munich2020
Liverpool2019
Real Madrid2018
Real Madrid2017
Real Madrid2016
FC Barcelona2015

Champions League FAQs

Who is the favorite to win the Champions League in 2024?

Real Madrid are the Champions League favorites with their market-low odds of +130 via FanDuel representing a 43.48% win probability.

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.

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