Champions League Odds & Favorites 2027: Barcelona Favorite in Tight Oddsboard
Matchday 1 is in the books and the two-time defending champ Paris Saint-Germain (+560) has been bumped from the top rope, replaced by Barcelona (+520) and Arsenal (+550).
The Ligue 1 giants have won back-to-back titles, but is faith wavering that they could make it a third? A 6-1 opening win over Slovan Bratislava shouldn't have slowed their roll. No real shocking results hit the schedule on Matchday 1, with the teams you figured would win comfortably mostly winning comfortably.
Sixteen national associations are represented in the league phase, with 36 teams battling across eight matchdays to determine which 24 advance to the knockout phase.
Como, LASK, Sabah, and Viking are playing in the group stage/league phase for the first time. LASK (0-1 at AEK), Sabah (0-4 at Man United), and Viking (1-3 at VfB Stuttgart) all opened with losses. Como, playing in European football for the first time ever, won 4-1 over visiting RB Leipzig.
🏆 Champions League odds 2027
Live 2027 Champions League odds from the best sports betting apps.
🗓️ Champions League schedule
Qualifying for the final spots in the Champions League runs from July 7 until August 26. Once the field is set, the tournament proper will run from September 8 until June 5, 2027.
League phase draw date: Aug. 27Matchday 1: Sept. 8-10- Matchday 2: Oct. 13-14
- Matchday 3: Oct. 20-21
- Matchday 4: Nov. 3-4
- Matchday 5: Nov. 24-25
- Matchday 6: Dec. 8-9
- Matchday 7: Jan. 19-20, 2027
- Matchday 8: Jan. 27, 2027
- Knockout phase playoffs draw: Jan. 29, 2027
- Knockout phase playoffs first leg: Feb. 16-17, 2027
- Knockout phase playoffs second leg: Feb. 23-24, 2027
- Knockout phase draw: Feb. 26, 2027
- Round of 16 first leg: March 9-10, 2027
- Round of 16 second leg: March 16-17, 2027
- Quarter-finals first leg: April 6-7, 2027
- Quarter-finals second leg: April 13-14, 2027
- Semi-finals first leg: April 27-28, 2027
- Semi-finals second leg: May 4-5, 2027
- Final: June 5, 2027
📈 Champions League betting history
| Team | Year | Odds prior to Round of 16 |
|---|---|---|
| PSG | 2026 | +800 |
| 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 2026-27?
Bayern Munich is the favorite with +450 odds at FanDuel, implying a winning probability of 18.18%, via our odds calculator.
Who won the Champions League last year?
PSG won the Champions League title last year for the second consecutive year. They were +700 on June 2, prior to the start of the League Phase.
When will the 2027 Champions League be decided?
The 2027 Champions League Final will be played on Saturday, June 5, 2027.
Where will the 2027 Champions League final be played?
The Champions League Final will be played Metropolitano Stadium in Madrid, Spain.
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