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Champions League 2023-24 Winner Betting Odds

Matthew Glazier for Bookies.com

Matthew Glazier  | 11 mins

Champions League 2023-24 Winner Betting Odds

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Manchester City are the champions of Europe, and they're strong favourites to follow up last season's success with another triumph in the Champions League. The Cityzens have been drawn in Group G with RB Leipzig, Young Boys and Red Star Belgrade, with the English side claiming a 3-1 victory against the latter to kick off their European campaign.

Meanwhile, Arsenal have shortened with the bookmakers after pasting PSV 4-0 at the Emirates. The Gunners were on fire against their Dutch opponents and will be confident of topping a section that includes Lens and Sevilla.

Bayern Munich are second favourites and they were able to score four goals against Manchester United on Match Day 1. Jamal Musiala was on fire against the Red Devils and the German side are definitely potential winners, while Real Madrid boast an enviable recent track record in this competiton. They opened with a dramatic late winner against Union Berlin. 

Manchester United and Newcastle United are available at much bigger odds on the outright than the other two Premier League teams. The Magpies were able to get away with a goalless draw at the San Siro thanks to some smart goalkeeping from Nick Pope.

PSG and Borussia Dortmund are the other teams in a tricky Group H, with the former able to claim a 2-0 victory on Match Day 1, while Barcelona were able to wreak havoc on Royal Antwerp and they're also among the market leaders.

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Manchester City Favourites to Conquer Europe Again

New betting sites anticipate that Manchester City are the likeliest team to win the 2023/24 Champions League, although their odds indicate that they have a lower than 50% probability of retaining their European crown. 

The Cityzens were head and shoulders above the other teams in Europe last term, breezing through the group stage before overcoming RB Leipzig, Bayern Munich, Real Madrid in the knockout stages before beating Inter 1-0 in the final. There have been personnel changes this summer, most notably with Ilkay Gundogan leaving to join Barcelona, but there is still so much to like about a team who have won the the Premier League five times in the last six seasons.

Football betting sites have installed City at the head of the market, and they came from behind to claim a 3-1 victory against Red Star Belgrade. Mateo Kovacic, Josko Gvardiol, Jeremy Doku and Matheus Nunes are a quartet of eye-catching signings who could make Guardiola's side stronger than ever.

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