Champions League Odds & Favorites 2026: Barcelona, PSG the UCL Teams to Beat
Barcelona and PSG are the Champions League odds co-favorites entering Matchweek 3, with the latter beating the former 2-1 in Spain during Matchweek 2.
Those two perennial European superpowers are the pacesetters, trading just ahead of a star-studded chasing pack that includes Arsenal, Liverpool, Real Madrid, Bayern Munich, and Man City.
Liverpool lost to Galatasaray while Man City tied Monaco on the road in Matchweek 2, providing added value if you have faith in either side to win it all. Keep your eyes peeled for our Champions League soccer picks, provided each matchweek.
🏆 Champions League odds 2026
Odds via FanDuel, one of the best sports betting apps.
| Team | Odds | Implied probability | Profit ($10 bet) |
|---|---|---|---|
| PSG | +550 | 15.38% | $55 |
| Barcelona | +550 | 15.38% | $55 |
| Arsenal | +650 | 13.33% | $65 |
| Liverpool | +700 | 12.5% | $70 |
| Real Madrid | +950 | 9.52% | $95 |
| Bayern Munich | +1000 | 9.09% | $100 |
| Man City | +1100 | 8.33% | $110 |
| Chelsea | +1800 | 5.26% | $180 |
| Inter Milan | +2700 | 3.57% | $270 |
| Napoli | +2700 | 3.57% | $270 |
⚽ Champions League 2026 prediction & best bet
🔥 Manchester City (+1100)
Manchester City were woeful last season by their exceedingly high standards. I expect that to change despite its disappointing 2-2 draw at Monaco during Matchweek 2.
Erling Haaland is arguably the most prolific striker in Europe, Phil Foden is returning to peak form, and Rodri is recapturing match fitness. They'll really start to turn it on after Christmas, so take advantage of these +1100 odds while you still can.
Those odds lengthened from +950 after leaving Monaco with a share of the spoils.
📈 Champions League betting history
| Team | Year | Odds prior to Round of 16 |
|---|---|---|
| PSG | 2025 | +1200 |
| Real Madrid | 2024 | +550 |
| Manchester City | 2023 | +185 |
| Real Madrid | 2022 | +1600 |
| Chelsea | 2021 | +1800 |
| Bayern Munich | 2020 | +650 |
| Liverpool | 2019 | +900 |
| Real Madrid | 2018 | +850 |
| Real Madrid | 2017 | +490 |
| Real Madrid | 2016 | +550 |
❓ Champions League FAQs
Who is the favorite to win the Champions League in 2025?
Barcelona and PSG are the Champions League odds co-favorites while getting +550 odds at FanDuel, implying a winning probability of 15.38%, via our odds calculator.
Who won the Champions League last year?
PSG won the Champions League title last year for the first time. They opened at +2000.
When will the 2026 Champions League be decided?
The 2026 Champions League Final will be played on Saturday, May 30, 2026.
Where will the 2026 Champions League final be played?
The Champions League Final will be played Puskas Arena in Budapest, Hungary.
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