The UEFA Champions League or UCL is an annual soccer competition that features the top-division European clubs through a group and knockout format. The tournament was introduced in 1955 as the European Champion Clubs’ Cup and rebranded to the Champions League in 1992. With a tournament of this calibre and prestige comes a wide array of sports betting options and Champions League betting odds to bet on.

Odds to Win the 2023-2024 Champions League

For those bettors looking for the most competitive odds online, you’ve come to the right place! Whether you’re playing the moneyline, or looking for other bet types – parlays, outright – you can fill your bet slip with first-rate odds at any of these sportsbooks. With the Champions League regular season over, we move to the more interesting matchups in the knockout phases.

The odds for the 2023-2024 Champions League are already available. The odds below have been swept from all the top-tier Champions League betting sites and were last updated on April 3, 2024:

Champions League Final 2023/24 BetUS Bovada BetOnline
Manchester City +187 +200 +187
Arsenal +500 +500 +500
Real Madrid +600 +650 +600
Bayern Munich +700 +700 +700
Paris Saint-Germain +800 +800 +900
Barcelona +1000 +1000 +1000
Atletico Madrid +1200 +1200 +1200
Borussia Dortmund +2500 +2500 +2500

The UEFA Champions League begins in September with 79 teams and proceeds with the preliminary round, three qualifying rounds, and a playoff round. Six teams advance to the group stage, joining the 26 teams that pre-qualified in advance. The 32 teams are divided into eight groups of four and play a double round-robin, and the remaining 16 teams head to the knockout phase.

Spanish teams have the best record with 19 titles, followed by England with 15 and Italy with 12. Real Madrid holds the UEFA Champions League record for most wins with 14. Teams that win the Champions League three consecutive times or five times overall receive a multiple-winner badge. Only six teams have earned this privilege: Real Madrid, Ajax, Bayern Munich, Milan, Liverpool, and Barcelona.

Past UEFA Champions League Winners

  • 2022-2023 – Manchester City
  • 2021-2022 – Real Madrid
  • 2020-2021 – Chelsea
  • 2019-2020 – Bayern Munich
  • 2018-2019 – Liverpool
  • 2017-2018 – Real Madrid
  • 2016-2017 – Real Madrid
  • 2015-2016 – Real Madrid
  • 2014-2015 – Barcelona
  • 2013-2014 – Real Madrid
  • 2012-2013 – Bayern Munich
  • 2011-2012 – Chelsea
  • 2010-2011 – Barcelona
  • 2009-2010 – Internazionale

Since the UEFA Champions League usually starts in June and runs all year, wrapping up in the following May, you can almost always find Champions League odds available on your favorite sportsbook.

As with any prestigious professional sport, oddsmakers have been offering odds on every game in the Champions League for years. The next thing we’re going to look at for the upcoming Champions League competition is how to bet on the Champions League and the best sportsbooks to use.

champions league betting odds

How to Bet on the UEFA Champions League

When you decide to bet on the UEFA Champions League, you’ll come across mostly normal betting options that you’d find on any of the popular North American sports you may be used to. If you’re used to soccer betting, you will have no problem betting on the UEFA Champions League.

If you’re new to betting, the first step you should take before you tackle the Champions League is understanding soccer odds and how they work. By doing this, you can learn some important calculations you can make before placing any money on a Champions League match.

Champions League Three-way Moneyline

If you’ve bet on sports before, you may be used to the regular two-way moneyline, but we are looking at the three-way moneyline in Champions League betting. Instead of just looking at two teams and selecting the winner between those two, there are three options. The three-way moneyline adds the draw (or tie) as a third option with even higher odds.

You need to decide if you believe that either team will win the game, or if after the full 90 minutes, the teams will remain tied. Your job is to pick which option you think will happen.

Here’s an example of a three-way moneyline at a Champions League game:

  • Man City -150
  • Porto +250
  • Draw +300

In this case, Man City is favored to win this match, and Porto is the underdog. If you already understand soccer odds, you’ll know that a $150 wager on Man City would only pay out $100 because they are the favored team and most likely to win, and a $100 wager on Porto would pay out $250 as underdogs.

The draw isn’t as likely to occur, but in the case that they do tie after 90 minutes, the draw would pay out $300 on a $100 wager.

Spread Betting in Champions League

Point spreads as they’re usually called, are extremely popular in all professional sports – even soccer betting. The only difference is that they are called goal lines because soccer is a sport that doesn’t use points for scoring, they tally goals. When it comes to point spreads in soccer, the final scores are relatively low.

A common Champions League spread you may see is -1.5/+1.5, which means that the oddsmakers are giving the underdog a head start before the game even begins. This means that the underdog will need to win the game, and the favored team will need to win by two or more goals.

Over/Under or Totals Betting in Champions League

Betting on totals or the over/under as we like to call it, is slightly different in soccer than you may be used to if you’re used to betting on other North American sports. The Over/Under bet in soccer and Champions League betting is similar to other sports because you’re still betting on the total score for both teams.

You’re deciding whether you think the total will be higher or lower than the oddsmaker’s line. The only difference when it comes to soccer is that the totals are shown in multiples of .25. Depending on your sportsbook, you will likely see denominations of 2.5, 2.75, or 3.0.

If the total in your Champions League match is 3.5, you will need to decide if you think the total will be over or under 3.5. If you choose the under, and the game ends with a score of 4-1, your bet will lose. If you chose the over and the game ended 4-3, your bet would cash.

champions league odds

Champions League Futures

Champions League futures essentially give bettors an opportunity to predict the winner of the Champions League months or even a year in advance. These odds are usually quite high and riskier, but if your Champions League bets predictions are correct, you could be in for a huge payout.

Your sportsbook will release a list of the teams in the Champions League, ranked by how likely they are to win the title. They will have odds that will determine how much money you’d win if that team wins. Odds are released almost immediately after the previous year’s title is awarded. The further away from the end of the season you place your Champions League futures wager, the greater potential your bet has to develop a huge payout.

We should mention that futures are the most popular Champions League betting lines throughout the year, as they are available all year round. One of the best Champions League bets to make is to simply choose your favorite time, if the odds offer value, way before the tournament gets underway, and track the tournament—which adds a layer of entertainment to viewing the viewing experience!

Manchester City is the favorite in the qualifiers, but this will likely change as the tournament progresses. There’s plenty of value on this oddsboard, with a $100 bet on the favored team paying out $400. If you feel that a team lower on the oddsboard is a good option, you can look at some higher, juicier odds.

champions league gambling

Top Online Sportsbooks for Betting on Champions League

Now that you have a good idea of how the Champions League betting options work, finding a great online sportsbook should be your next step. The best online sportsbooks are safe and secure, and offer excellent sports betting software, right in the palm of your hand. While offshore sportsbooks can be daunting at first, as many have scorned reputations, so we only want you to use the best online sportsbooks for Champions League betting.

Be sure to do some research before signing up at an online sportsbook. We have reviewed and researched the top online sportsbooks in the industry and we are sure that any of the above choices will be a perfect choice for your Champions League betting.

Sportsbook reviews outline criteria that many sports bettors overlook. We dig in deep and analyze important factors in our sportsbook reviews like deposit and withdrawal options, whether the sportsbook has soccer betting bonuses, and whether their sportsbook is mobile friendly - because many bettors these days want to be able to bet on Champions League on the go from their iPhone or Android device.

If you’re looking to bet on live sports, having a sportsbook that offers live Champions League betting will be one of your main priorities because there’s nothing worse than signing up for a sportsbook only to find out they don’t even offer the sport you want to bet on.

As always, please bet responsibly on soccer odds, and ensure you have a little fun with it and try some new betting options for this Champions League season.

Champions League Betting FAQs

Meet the author

Dean Etheridge

Dean Etheridge brings decades of sports knowledge and betting insights to his writing. Hailing from Coventry, England, he offers an engaging British perspective on everything from soccer to cricket. Dean has established himself as a reputable voice on English Premier L...