• Betting

Champions League winner odds: Who are the favourites?

Ceferin, UEFA, Champions League
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Manchester City and Bayern Munich lead the pack in the latest bookmaker odds for this season’s Champions League following Friday’s draw.

The remaining Champions League knockout fixtures will take place in the Portuguese capital city of Lisbon in August, where 12 teams will duke it out to become kings of Europe.

Four rounds in the Round of 16 stages are completed, with the last four yet to be resolved. We’ll then head into the quarter-finals fixtures, which were decided in Friday morning’s draw.

Champions League quarter-finals:

QF1: Manchester City/Real Madrid vs Juventus/Lyon

QF2: RB Leipzig vs Atletico Madrid

QF3: Barcelona/Napoli vs Bayern Munich/Chelsea

QF4: Atalanta vs PSG


QF1 winner vs QF-3 winner

QF2 winner vs QF-4 winner

Benfica’s Estadio da Luz and Sporting CP’s Estadio Jose Alvalade will host the matches, with the former to be the venue of the final itself.

All ties will be single-legged fixtures in this mini-tournament rather than the traditional two-legged encounters. Therefore, clubs will have no room for error this time around. It sets up an interesting scenario, which bookmaker Bwin has taken into account in the latest betting odds.

12. Chelsea – 151.00

The Blues may be going strong in the Premier League and on the transfer front, but a 3-0 first leg defeat to Bayern Munich in their last-16 tie has left them with a mountain to climb in the return leg.

11. Lyon – 81.00

Despite defeating Juventus 1-0 in the first leg of their last-16 encounter, Lyon aren’t expected to reach the quarter-finals. Sounds a little cruel, doesn’t it? But chances of them going all the way in Lisbon are next to nil anyway.

Plus, Rudi Garcia’s men still have to face a fired-up Cristiano Ronaldo on home soil in the return leg.

10. Napoli – 67.00

Fresh from beating Juventus in the Coppa Italia final, Napoli are finally hitting their stride under Gennaro Gattuso.

The Partenopei have also won four of their last five league games to climb into the top-six. But while they held Barcelona to a 1-1 draw in the first leg of their last-16 tie, they aren’t someone to bet on.

9. Real Madrid – 26.00

The record 13-time champions have been in a rich rein of form since the season restart, winning all eight of their games to build a four-point lead in La Liga with just three fixtures left.

Zinedine Zidane stated beforehand that all Madrid’s last games would be the equivalent of finals, which says a lot about the squad’s mentality. It proves they can deliver excellent results under pressure.

They must keep this up to overcome a 2-1 aggregate deficit to Manchester City in their last-16 tie.

8. Juventus – 17.00

All bookmakers expect Cristiano Ronaldo and co to fire Juventus past Lyon into the quarter-finals. But with decimal odds of 17, it appears they don’t expect much more.

Although Ronaldo has a habit of defying the odds and is probably already dreaming of winning the Champions League again in his homeland.

7. RB Leipzig – 15.00

After overcoming Tottenham 4-0 in their last-16 tie, Leipzig will take on Atletico Madrid in the quarter-finals. But with Timo Werner no longer around, bookmakers expect a swift exit.

6. Atalanta – 12.00

Can the Banshees finish their first Champions League campaign in fairytale fashion? They’ve already gone beyond expectations by reaching the quarter-finals and aren’t done yet.

While Atalanta aren’t worth putting too much money on, beating PSG in the quarter-finals could spur them on for an unlikely title.

5. FC Barcelona – 9.50

What with all the drama going on at Camp Nou, it’s not surprising that bookmakers don’t expect Barcelona to win the Champions League.

The Catalan giants should beat Napoli in their last-16 tie, but can they overcome Bayern Munich in the quarter-finals? Doesn’t seem likely at the moment.

4. Atletico Madrid – 9.00

Spain’s biggest hope in Lisbon will be Atletico, who famously knocked out reigning champions Liverpool in the last-16 and will meet Leipzig in the quarter-finals.

And why can’t they nick the Champions League title as well?

Diego Simeone has already led the club to two finals in the past, and his ultra-defensive style of football is arguably suited towards these one-legged fixtures.

3. Paris Saint-Germain – 5.00

Out of the 12 teams remaining, PSG may be the least prepared in terms of match fitness. The COVID-19 pandemic led to Ligue 1 being cancelled. Thus, the French giants will only have two cup finals and four friendlies.

After finally ditching their last-16 curse in March, however, the Parisians will fancy their chances against Atalanta in the quarter-finals.

2. Bayern Munich – 4.50

Hansi Flick’s side are on a 17-match winning run and hunting for a treble this season, having already won the Bundesliga and DFB-Pokal titles. It would take a brave man to underestimate them.

A quarter-final tie against either Napoli or Barcelona is likely as Bayern hold a 3-0 aggregate lead over Chelsea in the last-16.

1. Manchester City 4.33

With a two-season European ban hanging over them, City are determined to win the competition at all costs.

They may not have been their usual brilliant selves this season, but bookmakers expect Pep Guardiola to finally bring the Champions League trophy to the Etihad Stadium next month.

City will meet either Lyon or Juventus in the quarter-finals should they hold on to their 2-1 aggregate lead over Real Madrid in their last-16 tie.

Key Dates:

Round of 16 (second legs): 7–8 August

Quarter-finals: 12–15 August

Semi-finals: 18–19 August

Final: 23 August