Champions League Odds: Real Madrid Enter Round of 16 as Favorites

The Champions League tournament is now into the Round of 16 and there is a new favorite among the Champions League odds.

After easily brushing aside Manchester City, Real Madrid are the new market leaders ahead of their Round of 16 tie vs. Atletico Madrid. 

Join me as I break down the soccer odds below. 

Champions League odds

Team
Real Madrid	+334
Barcelona	+449
Liverpool	+548
Arsenal	+550
Bayern Munich	+698
Inter Milan	+1194
Paris Saint-Germain	+1198
Atletico Madrid	+1998
Bayer Leverkusen	+3265
Aston Villa	+3293
Borussia Dortmund	+4990
⚽Benfica	+6609
Lille	+10000
⚽ PSV	+14900
⚽ Club Brugge	+15000
⚽ Feyenoord	+19990

Odds as of 2-21

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Favorites to win the 2024-25 Champions League

Real Madrid

It was supposed to be a tie in which Real Madrid would struggle, but the 15-time UCL winners showed why they are the creme of the crop regarding Champions League action. 

They brushed aside Man City in a 6-3 aggregate win across two legs and never really broke a sweat. 

Now, ahead of their Round of 16 tie against Atletic Madrid, Los Blancos are the betting favorites, and rightfully so. 

Barcelona

Barcelona had every chance to leapfrog Liverpool and win the league phase, but they could not put away a pesky Atalanta side in an exciting 2-2 draw. 

Twice up a goal, Barca were undone by some incredible play by the Bergamo side, thus leaving the Catalans in second spot. 

This means, that they'll be drawn into the opposite end of the bracket and will face Benfica in the Round of 16.

Liverpool

Liverpool saw their unblemished Champions League record go by the wayside as they fell 3-2 to PSV in the Netherlands. 

A much-changed side could not keep PSV at bay, but thanks to a Barcelona draw, the Reds finished top of the table in this inaugural Champions League format. 

A tricky fixture against PSG awaits the Reds in the Round of 16. 

Arsenal 

Arsenal finished in the third spot thanks to a superior goal difference over Inter Milan (+13 to +10) which means they've set themselves up for success later in the tournament. 

The English side was drawn against PSV in the Round of 16. 

2024-25 Champions League Round of 16 draw

2024-25 Champions League Format

The Champions League format we've all known to love is changing (perhaps for the better), so let's break it down:

• Instead of having 32 teams split into eight groups, there will now be one league that houses all 36 qualified teams.
• Each team will play eight games against randomly selected opponents (based on pot seedings) — four home and four away. 
• Three points for a win, one point for a draw. 
• The Top 8 teams on point total will qualify for the Round of 16, while the teams that finish between 9th and 24th will play a two-legged playoff with the winners securing their spot in the Round of 16. 
• From there, the competition will continue as normal with a two-leg home and away fixture for each tie onwards until the Finals which is a winner-take-all match at a neutral venue. 

The Champions League draw will take place on August 29, 2024, and the tournament will get underway on September 17, with the league portion wrapping up on January 29, 2025. 

Past Champions League trends

To get ahead of the pack there are a few trends that may help you when choosing your Champions League winner:

• Spanish clubs have won the most combined Champions Leagues of any country, with Real Madrid winning 15 and Barcelona winning five.
• Italian club Juventus has been to nine finals — only to lose seven times.
• Six different English teams have won the tournament, the most from one country.

Past Champions League winners

Understanding Champions League odds

These odds are constantly adjusted throughout the summer as players get hurt, suspended or transfer. Once the season begins, title odds will change as teams win and lose games and as more players get hurt or are suspended. Sportsbooks will also adjust the Champions League odds based on handle and liability to certain teams.

Champions League odds will usually look like this:

• Bayern Munich +250

This means that on a $100 bet, you'll stand to win $250 if Bayern wins the Champions League. If it's close to the end of the tournament you might see that a team has a minus sign (-) ahead of its odds. 

• Barcelona -120

This means that you would need to bet $120 to win $100 on a Barcelona championship.

Above we have posted the American odds for the Champions League. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.

Champions League Odds FAQs

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