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Rodrigo's Manchester City are favored in the Champions League title odds.

The Champions League remains the most prestigious club football trophy and last year’s campaign is one that’ll live long in the memory because of Real Madrid’s heroics in the knockout stages.

Los Blancos became 14-time European Champions after taking care of Jurgen Klopp’s Liverpool in a tightly fought contest.

Despite fighting against the odds for many seasons, the defending champions and the competition’s most successful side still go into most seasons without anyone bar their own fans expecting a European triumph.

Let’s find out who the Champions League title odds favorites are for next season. 

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In addition to Champions League title odds, be sure to see our Champions League computer picks page for matchday predictions.

For more information on how to wager on soccer, check out our How to Bet on Soccer page. Also, check out Odds Shark’s dedicated Champions League page

2022-23 Champions League Title Odds

Odds to Win 2022-23 UEFA Champions League
Manchester City+300
Bayern Munich+800
Real Madrid+1200

Odds as of June 13 at Betway

Champions League Betting Favorites

The Champions League outright odds always point towards Manchester City.

Manchester City (+300)

Manchester City have already got things for next season under motion by signing Norwegian star, Erling Haaland. City are almost the perfect side, which is why they go into most seasons as the Champions League title odds favorites but they can’t seem to break the Champions League curse.

Their lack of favorable history in the competition and the fans’ attitude to it has been suggested as one of the reasons for this. The signing of Erling Haaland is the biggest step City have taken under the current ownership to break that curse since hiring Pep Guardiola. It might just be enough this time.

Liverpool (+600)

Liverpool have now lost two Champions League finals under Jurgen Klopp and won one. They’ve got a rich tradition in this competition and it’s no surprise to see them so high on the Champions League title odds table.

They’ll be undergoing a bit of a transition this summer with Sadio Mane linked with a move to Bayern but Benfica’s Darwin Nunez is expected to take his place, who impressed in last season’s Champions League with some big performances. He might make the difference up front.

PSG (+650)

Another new power like Manchester City that have tried many different things to win the Champions League but failed at the last hurdle.

They’ve already made waves this summer by holding onto Kylian Mbappe by making him the highest paid player in the game and giving him powers beyond the football pitch. With him in the side, PSG will always have a chance.

Bayern (+800)

Talks of Robert Lewandowski’s potential departure have been front and center in recent weeks.

Bayern will always field a strong side and will want to get over the disappointment of last season’s Champions League loss to Villarreal by bringing some new energy to the club. Sadio Mane looks set to join the Bavarian side for this very reason.

Champions League Value Pick

Real Madrid (+1200)

The Kings of Europe are an excellent value pick already. They’ve been linked to a few players on the right wing and are already set to finalize a deal for midfield general Aurelien Tchouameni.

They have got a good mix of youth and experience now, which might just make them a better side heading into next year. They have excellent odds on offer for the Champions League title odds.

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Barcelona (+1400)

They have recovered well since Xavi’s takeover and have a team full of bright young prospects like Pedri, Gavi and Fati. If they add some experience in the form of Robert Lewandowski, it could be a special season for Barcelona.

Xavi will be hoping to have the same effect on his boyhood club that Pep Guardiola and Johan Cruyff had before him. They are a great outside shout for the Champions League title odds.

Chelsea (+1400)

Chelsea might have a little too much to do heading into next season. Thomas Tuchel has won the prestigious competition in his first season with the club and their transfer business will give us an idea of what to expect going forward. It’s a bit too early to assess Chelsea.

Champions League Betting Strategy

Manchester City with Erling Haaland look a real handful now. It’s hard to not look past them heading into next season. They have some real game changers in Phil Foden, Jack Grealish and Kevin de Bruyne as well.

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They are the safe bet but with Real Madrid already adding some young blood into their aging side, they might still be the team to beat in this competition. Everyone else has their own case but these two make the best case for the Champions League outright odds.