2022/23 Champions League Winner Odds: Who is the Champions League favourite?

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The 2022/23 domestic season will soon kick-off and that means the return of the Champions League, world football's premier club competition.

Real Madrid gave the perfect send-off to club legends Gareth Bale and Marcelo as they beat Liverpool in the 2021/22 Champions League, defeating the likes of Chelsea, PSG, Manchester City and Liverpool on their path to victory.


Manchester City will be eager to claim their first European title this season after losing in the final and semi-final in the past two seasons, while Liverpool will be keen to avenge their defeat to Real Madrid.

With the group stages set to begin in late August, we take a look at the early favourites to lift the Champions League trophy ahead of the 2022/23 competition.

2022/23 Champions League Winner Odds - Outright

The odds provided below represent the best value on the market that we could find. Odds correct as of June 2022.

  • Manchester City - 3/1
  • PSG - 6/1
  • Liverpool - 6/1
  • Bayern Munich - 8/1
  • Real Madrid - 12/1
  • Chelsea - 14/1
  • Barcelona - 16/1
  • Spurs - 25/1
  • Juventus - 33/1
  • Atletico Madrid - 40/1
  • Inter Milan - 40/1
  • AC Milan - 50/1
  • Ajax - 66/1
  • Borussia Dortmund - 66/1

Despite their unwanted record of having never won a Champions League, Manchester City are currently the clear favourites in the outright markets, priced up at 3/1.

PSG have also never tasted the glory of club football's most coveted trophy and are currently priced at 6/1. The French giants successfully kept hold of Kylian Mbappe amid interest from Real Madrid this summer and will be intent on making a statement in Europe this season.

Spurs are priced at 25/1, making them the eighth-most likely side to win the Champions League this season and a nice value pick for the competition. Antonio Conte has strengthened the Spurs squad significantly this summer and could make real progress in the Champions League.