Champions League winner odds for 2026 - Liverpool favourites ahead of holders PSG
Who's worth sticking your money on in the Champions League this season?
It will soon be the start of the new Champions League season as we prepare for the league phase of the competition.
But who will go on to lift the trophy this term after PSG’s impressive triumph in the last edition of the tournament?
See below for the latest bookies odds if you’re interested in sticking a bit of money on your favourites to be the latest European Champions…
Liverpool
With most bookies offering odds of 11/2 for Liverpool at the moment, they seem like a decent shout for the winners of this season’s Champions League.
Arne Slot’s side won the Premier League last season and have since strengthened with world class signings such as Alexander Isak, Florian Wirtz, and Hugo Ekitike.
Liverpool will be the clear favourites to win the league again, and Slot’s side are surely the team to beat in Europe as well.
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Barcelona
Barcelona seem to be ranked as second favourites for the Champions League this season, with most bookies also offering odds in the region of 11/2.
With players like Lamine Yamal, Raphinha and Robert Lewandowski in such sparkling form, you wouldn’t want to bet against this Barca side, who have improved a lot under Hansi Flick’s management.
It’s been a while since we saw Barcelona at their best in this competition, but they reached the semi-finals last year, so could they go one further this time?
PSG
Close behind Liverpool and Barcelona, the current holders PSG are mostly getting odds of around 6/1 to win the Champions League again.
Luis Enrique’s side still have so many world class players that you can’t rule them out, but we saw some weakness in the team at last when they were beaten comfortably by Chelsea in the Club World Cup final this summer.
Arsenal
Rated at roughly 13/2 by most bookies, Arsenal could be a decent outside shout for the Champions League this season.
The Gunners were a bit unlucky to be beaten by eventual winners PSG last season, and they’ve improved since then with exciting signings like Viktor Gyokeres, Eberechi Eze and Martin Zubimendi.
Real Madrid
Normally so dominant in this competition, it remains to be seen if this Real Madrid side is really up there with the great Los Blancos teams of old.
For now, they’re mostly being given 15/2 odds of winning this competition again - are they arguably being undervalued?
Manchester City
Winners in 2023, this Manchester City side has clearly gone backwards a little, with a disappointing campaign last term and a slow start to this one.
Still, 17/2 odds might be quite tempting as you just never know when Pep Guardiola might find the tactical tweak that turns everything around and makes the team unbeatable again.