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.

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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.

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  • 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
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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.