Champions League Odds 2022-23: Updated Futures Odds

Champions League odds point towards the big clubs yet again as Manchester City are to win the Champions League. PSG are and Liverpool sit at . Last year’s winners, Real Madrid, come in as a strong value yet again .

Champions League Odds

Manchester City () – Domestically, Manchester City have been running England but they have fallen short in the Champions League over the last few seasons. The depth and numerous quality players point to them being in contention again. They have advanced to at least the quarter-finals in the last five seasons, making the final in 2020/21. Having Erling Haaland is certainly a name that can get them over the hump, but outside of the Final vs. Chelsea, they have struggled defensively.

Paris Saint-Germain () – With PSG taking the Ligue 1 with ease every year, the main focus is on the Champions League. They have failed to get out of the Round of 16 in four of the last six appearances. They did reach the Final in 2019/20 before losing to Bayern Munich. The front three of Mbappe, Messi, and Neymar are on a tear to start the year, as Christophe Galtier has shifted around Pochettino’s system from last year. He has mainly used Messi in a more central role, which has opened up the offensive. It will be interesting to see how this plays out against actual opponents in the Champions League.

Liverpool () – After losing the Champions League Final in 2017/18 to Real Madrid, they beat Tottenham in the following year and were also runner up in 2021-22. They have won the competition six times and have been a runner-up four times. Liverpool is another powerhouse club with a deep squad, which will make it easier for them to balance a heavy fixture list as we get deeper into the season. The Reds are well deserved of these odds despite losing Sadio Mane to Bayern, as they replaced him with Darwin Nunez and will also unleash Luis Diaz more this season.

Bayern Munich () – In a similar situation to PSG, the Bundesliga is all but wrapped up despite the season just beginning. Bayern will be able to focus on the Champions League and are in a great position to make a deep run. While they won’t have Lewandowski, expect a more balanced output of goals from Mane, Sane, and Gnabry. While Bayern won in 2020, that has been their only finals appearance over the last decade.

Real Madrid () – This feels awfully similar to last season as Real Madrid were sitting just on the outside looking in at City, PSG, Bayern, and Liverpool for odds. The 14-time Champions League winners have won five since 2010. While some big names left the club this summer, the time was due and Madrid is still in a position to bring home number 15.

Barcelona () – Dominating the late 2000s and also taking home the 2011 and 2015 Champions League title, Barcelona are spending lavishly to get back to that level. Lewandowski will look build on his UCL resumé, this time with the Spanish Giants. They also signed Kounde and Raphinha to bolster their starting 11. The strong turnaround last season should continue, but the path will likely dictate how deep they can go.

Chelsea () – After a very impressive win in the 2020-21 final against Manchester City, this team has seen quite a drop off in depth and overall talent. The front line is not in a position to be a huge threat against the elite teams in the tournament and the backline has shown it’s age early. A favorable draw will be needed to help Chelsea make any sort of noise this year.

Tottenham () – The Champions League became a regular thing for a while and after missing out, Antonio Conte has gotten this club back on track. Conte has yet to win a Champions League final and will certainly be aiming to. The big concern is that the depth will not hold up over a busy season, especially with multiple players set for the World Cup. While Spurs did bring in some players, it is not enough to move the needle any higher than it is now.

Juventus () – You have to go back to 1996 to find the last time Juventus won the Champions League. They were runners-up in 2015 and 2017 but have struggled to break out of the Round of 16 in the last three appearances.

Atletico Madrid () – Diego Simeone has been close to the coveted Champions League title. Falling to their rivals, Real Madrid in 13/14 and 15/16, they enter this year being talked about very little. While the squad remains intact, they have failed to get beyond the quarters in each of the last three appearances.

Inter Milan () – With Romelu Lukaku back at Inter, the odds are certainly something to keep an eye on all the way down here. They have regained great form again in domestic play and have the talent to upset anybody in the knockout rounds. However, they could draw a tough group that makes even getting into the knockout stages a question mark.

Champions League Golden Boot Odds

Giddy up, this will be an interesting race. With PSG, Man City, Liverpool, Real Madrid, and Bayern all expected to advance out of the group stage. It might come down to longevity for who takes this home.

Jason Guilbault is the Brand Content Manager for, powered by Catena Media. He has worked 10+ in the sports betting & iGaming space as a writer and content manager. Jason has also written for DailyFantasyCafe, NBAMockDraft, & FantasyPros. He aims to bring the best sports data & insight to the industry for both novice & advanced users.

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