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champions league odds

Champions League Winner Odds: Man City Strong Favourites to Retain Crown

The quarter-finals have reached the halfway stage and there is still everything to play for as eight of Europe’s best teams prepare to battle it out once again for a place in the semi-finals. Manchester City lead the betting as they look to do the first ever double-treble.

Champions League Winner Odds: Latest Betting

Odds courtesy of bet365, correct at the time of publishing and subject to change.



Man City






Bayern Munich


Real Madrid


All other teams

10/1 or above

The top four sides in the betting - Man City, Arsenal, Bayern Munich and Real Madrid - were all drawn on the same side for the quarters, meaning only one can reach the final, and a new name has now emerged towards the head of the betting in the form of Barcelona.

Man City @13/8

Man City finally won the Champions League in 2022/23, marking the last leg of last season's treble, and their title defence has been impressive.

They were dominant in the group, winning every single game, then they triumphed by a 6-2 aggregate scoreline in a last-16 tie with Danish outfit FC Copenhagen.

The champions drew Real Madrid in the quarter-finals and the two heavyweights played out a pulsating first-leg tie which ended in a 3-3 draw thanks to Federico Valverde's stunning strike in the 79th minute.

The second leg will take place at the Etihad Stadium, where City beat Los Blancos 4-0 en route to glory in last season's semi-finals.

Arsenal @6/1

The Gunners impressed everyone on their way to a second-placed finish in the Premier League last year and in doing so earned their way into the Champions League.

Having eventually secured first place in the group, they earned an easier round-of-16 game and have been prominent in the betting in recent months.

Mikel Arteta's men were unconvincing last-16 winners against Porto, requiring penalties to see off the Dragons, and now they have work to do against Bayern Munich following a 2-2 draw at the Emirates.

Arsenal scored early in north London before Bayern hit back to take a 2-1 lead, then Leandro Trossard drew the hosts level with 14 minutes left in a game which will be remembered for some contentious penalty decisions.

Barcelona 6/1

The big movers in the market after the first legs, five-time champions Barcelona are rated the most likely team to emerge from the 'weaker' side of the draw.

The Catalan giants topped Group H with 12 points before progressing from a last-16 clash with Napoli thanks to a 3-1 second-leg win at the Estadi Olimpic Lluis Companys.

Xavi's men were considered underdogs for their quarter-final against Paris Saint-Germain, but a 3-2 win in the French capital, featuring goals from Raphinha (two) and Andreas Christensen, has them in the driving seat heading back home.

Bayern Munich @7/1

Despite their Bundesliga struggles this season, Bayern Munich were convincing winners of their Champions League group, winning five of their six matches.

A last-16 clash with Lazio presented them with few challenges, as they beat the Italian team 3-1 on aggregate, but a quarter-final tie with Arsenal always looked a more difficult task.

It has not been a good season for Bayern, who look set to surrender their German crown, but Thomas Tuchel will have been delighted with the result at the Emirates and his team has enough individual quality to believe they can finish the job in Bavaria.

Real Madrid @7/1

Real Madrid boast 14 European crowns and Los Blancos' pursuit of a 15th started well as they won all six group matches to ease into the knockout phase.

The Spanish giants were workmanlike in a 2-1 aggregate win over RB Leipzig in the round of 16 and a meeting with Manchester City, who beat them easily in the semi-finals last season, was always likely to be a tough test.

However, Carlo Ancelotti's men have proven on multiple occasions that they shouldn't be written off and a 3-3 draw at the Bernabeu gives them a puncher's chance in the second leg.