Champions League odds cover many matches and outright bets on Europe's most significant football club competition. The Champions League final is the highlight of the campaign, but there's a long season of football, from the early qualifying rounds to the league phase and the intense knockouts. Follow it all right here at Betsson.
Champions League New Format
A new Champions League format was introduced in the 2024/25 season to give more teams a chance to compete at higher levels.
The biggest change is to the group stage—instead of 32 teams being separated into eight groups of four, it introduces a league stage with 36 teams in a single league competition. Each team plays eight games (four at home and four away against different teams), after which the top eight sides advance to the Round of 16.
Teams finishing in ninth to 24th head to a two-legged knockout phase to battle for a spot in the final 16 while the rest are eliminated, instead of being dropped to the Europa League odds like before.
The tournament continues to follow the old format from the Round of 16 onwards.
Spanish giants Real Madrid are the most successful club in Champions League history, and their 2024 crown gave them more than double the number of titles that any other team have won.Latest Champions League Updates
With the Champions League knockout play-offs being concluded, it’s safe to say some surprising outcomes were on the table. Some of the highlights included Club Brugge knocking out high-flying Atalanta, PSV Eindhoven winning in extra time against Juventus, Feyenoord flying past AC Milan and Real Madrid dismantling Manchester City at Santiago Bernabeu.
Champions League round of 16 draw:
- PSG - Liverpool
- Real Madrid - Atletico Madrid
- Feyenoord - Inter Milan
- Dortmund - Lille
- Club Brugge - Aston Villa
- PSV - Arsenal
- Bayern Munchen - Leverkusen
- Benfica - Barcelona
Real Madrid v Atletico Madrid odds
After their recent victory over Manchester City in the play-offs, it’s time for another prestigious Madrid-derby at the highest stage in European football. Defending champions Real Madrid take on neighbor rivals Atlético Madrid, who finished 5th in the league phase standings. While Real Madrid seeks to continue their European dominance, now boosted as outright favorites in the Champions League winner odds, Diego Simeone’s Atlético Madrid will plot a long-awaited revenge for the 2014 and 2016 Champions League final defeat to their city rivals.Bayern Munich v Bayer Leverkusen odds
Similarly to the Madrid-derby, the Champions League Round of 16 also presents an all-German matchup as Bayern Munich face off their Bundesliga rivals Bayer Leverkusen. After a record-breaking last season, Leverkusen will be highly motivated to end Bayern’s dominance, a Champions League victory to proceed into the quarter-finals would also be the perfect statement for Xabi Alonso’s men. After a few turbulent seasons, it looks like Vincent Kompany have brought stability back to Bayern Munich, and fans are expecting a tight encounter in this all German battle for the quarter-final spot.PSG v Liverpool odds
Expect a high-speed clash as Paris-Saint German face the current Premier League leaders Liverpool. The Merseyside club are flying high in Arne Slot’s first season in charge, finishing top of the league phase while PSG continues to chase their long-awaited dream to lift the Champions League trophy for the first time.Champions League Round of 16 Odds
Fans and bettors will eagerly be anticipating the thrilling encounters from Round of 16 draw, including spicy fixtures like the Madrid-derby and Bundesliga title-race Bayern v Leverkusen. The first leg is scheduled March 4th and 5th, and the second leg 11th and 12th.
Important dates ahead in 2025:
- Round of 16: March 4/5 and 11/12
- Quarter-Finals: April 8/9 and 15/16
- Semi-Finals: April 29/30 and May 6/7
- Final: May 31, 2025, held at the Allianz Arena
Favourites to Win Champions League 2024/25
After knocking out Manchester City in significant style, Real Madrid are now favourites to win the Champions League 2024/25. Tightly behind in the Champions League odds are Barcelona, Liverpool and Arsenal.
Champions League Odds 2024/25
Looking at the football odds market for the rest of the teams, Barcelona are having a good season under Hans Flick, while Liverpool's extraordinary season under Arne Slot and near-perfect league phase means both are in a great position to claim the title. Arsenal and Bayern are also in the mix, so an upset could be on the books. Since 2014, all but one Champions League final has been won by either a Spanish or English club.
We are now in the Round of 16, so the odds will keep changing due to injuries, draws, and team performance. It'll be easier to choose the strongest contender after the Round of 16. For now, focus on markets like 'Match Winner,' 'Total Goals,' and 'To Qualify.'
Great Champions League Moments
One of the most famous Champions League moments was Manchester United's 1999 success in the final against Bayern Munich, where the Red Devils scored twice in stoppage time to rip the title out of the hands of the Germans. Liverpool's classic come-from-behind victory in Istanbul in the 2005 final against AC Milan was equally thrilling, with the Reds having been down 3-0 at the break.
Magic from Barcelona saw them win in the 2009 and 2011 finals against Manchester United, while Chelsea's remarkable underdog success in the 2012 final against Bayern Munich stands out in Champions League history.
Among the competition's most spectacular goals are a bicycle kick against Liverpool in the 2018 final and a classic volley in Real Madrid's 2-1 win over Bayer Leverkusen, which is regarded as the greatest Champions League goal of all time.
2023/24 Champions League Recap
Real Madrid again showed their Champions League power by lifting the 2023/24 title. Defending champions Manchester City had been outright favourites in Champions League odds but found Real Madrid too much to handle in an epic quarter-final showdown.
The quarter-finals featured high-scoring ties, with all four featuring at least five goals—PSG's 6-4 aggregate win over Barcelona being the highest-scoring. Real Madrid survived a scare against Bayern Munich in the semi-finals, winning 4-3, while Borussia Dortmund had a more comfortable route to the final by beating PSG 2-0.
Real Madrid were the favourites in the odds for the Champions League final against Borussia Dortmund. The Bundesliga club had Real on the ropes, but they couldn't get a breakthrough, and a host of missed chances came back to haunt them, as Real Madrid scored twice in the final 15 minutes to win.
Popular Football Betting Markets
The dynamic competition presents plenty of intriguing betting odds across different markets, similar to what you might expect from the odds Premier League offers.
Qualification
One of the first orders of business in addressing odds for the Champions League is watching teams attempt to reach the league stage. There are three qualifying rounds, followed by the last-ditch play-offs.
League Stage
Outright bets on Champions League odds can be placed on the outcomes of the league stage's finishing positions.
Stage of Elimination
Champions League betting odds offer various options on which round a team will exit the competition.
To Reach Final
A popular market for Champions League betting involves backing a team to reach the final, regardless of the match's outcome.
Match Betting
From Champions League qualifying matches to the 36-team league stage, find pre-match betting odds ranging from the 'Match Result' to 'Total Goals' and 'Bet Builders'.
Live Betting
Along with the huge range of pre-match Champions League odds, you can access a host of in-play markets for areas like 'Next Goalscorer' and 'To Win 2nd Half'.
Football Betting Tips
Keep up with team news and pre-match reports to help with betting selections. You can also check out match and tournament previews on the Betsson blog to get further insights and football betting tips. Use the in-depth statistics service at Betsson to study team form, result history, and goal-scoring information to help you navigate the Champions League odds.
Look for any promotional offers for Champions League betting, such as price boosts on markets, and keep an eye on any Cash Out offers to settle a bet early. Live in-play betting can be followed on the Betsson mobile app, so you don't miss the latest updates on odds for the Champions League.
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