It's fair to say that the Champions League 2026/27 is up for grabs right now. Paris Saint-Germain are bidding to win a third consecutive European Cup, although they're just one of several market leaders. Barcelona might topple PSG and they've been the early front runners during the league phase, with Arsenal the English champions hoping to go one better than last time.
Bayern Munich are also one of the favourites and might hope for Harry Kane to spearhead a big challenge, with Real Madrid not easily discounted under Jose Mourinho. Perhaps Manchester City can also go close, with Liverpool and Manchester United other English teams who could challenge. The Champions League favourite might chop and change a few times, with the leading teams aiming to go deep in the competition. The draw will have a big bearing on the outright market and there's the chance to bet on the winner or on an each-way basis.
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Betting on the Champions League is hugely popular and that extends to wagering on the winner market. There are always several contenders when it comes to landing a European Cup success. The leading sides from England, Spain, Germany, France and Italy are battling it out to be crowned champions of the continent, with the outright market giving an opportunity to back the winner.
We recommend having a betting account with several bookmakers in order to take full advantage. You can land a welcome bonus when signing up and also compare the Champions League winner odds. There's the opportunity to bet on the winner of the tournament or alternatively wager each-way.
How to Bet on the Champions League Winner
The team at Odds1x2.com have showcased the best football betting sites. It means you can sign up with any of these bookmakers and wager on the winner of the Champions League. Before the Champions League league phase kicks off, there's the chance to select a team to win the European Cup. Naturally, this market then reopens after each round of games and before the knockout phase.
There's the chance to choose from a wide range of teams, with lots of leading contenders. It's a simple case of tapping on the side that you think will be champions. The pick is added to your bet slip and you can then select a stake to place on this team. You can choose more than one team if you want to have a couple of darts against the field.
Bet Each-Way on the Champions League Winner Market
The good news is that you can get a pay out if your team simply makes the Champions League final. Each-way betting is popular where you can select a side to win the European Cup and your stake is split between the team to lift the trophy and same side to reach the final. For the latter part of the bet, you will get paid out whether the team win or lose in the final.
Each-way betting is ideal in terms of ensuring a pay out if your selected team reaches the final. It gives you some insurance on your bet although some customers prefer to take a couple of teams on a win-only basis instead. There might also be betting without the favourite in a season where there's a strong candidate to win overall.
Consider the League Phase and Knockout Phase Before Placing Bets
It's worth bearing in mind the format before betting on the Champions League odds. The league phase is played out first, with the leading eight sides going through to the last sixteen stage. The teams between ninth and twenty-fourth then compete in the preliminary knockout stage before the winners play against the top eight sides.
Naturally, the draw can play a part and that will also have an effect on the outright odds. Sometimes the favourites are all pitched in the same half or quarter of the draw which means that other teams shorten in terms of their price to win the Champions League. It's therefore worth keeping tabs on the progress of the competition before placing your bets.
Past Champions League Winners
Paris Saint-Germain rewarded their backers in 2025 and 2026 when achieving consecutive wins. Luis Enrique's side thrashed Inter Milan in the final of the former, with the French side then overcoming Arsenal after beating them in a penalty shootout. It was their first successes in the Champions League and had been preceded by more familiar champions.
Real Madrid were triumphant at the end of the 2023-24 season when beating Borussia Dortmund in the final, with that coming two seasons after they were in the winners' enclosure thanks to a win over Liverpool at the Stade de France. In between, Manchester City were led to a first ever Champions League success when Pep Guardiola guided them to a slender win over Inter.
Chelsea won the 2020-21 Champions League thanks to Thomas Tuchel and Liverpool are another relatively successful English team after Jurgen Klopp guided them to a win in 2019. Bayern Munich were the last German team to win thanks to a 2020 success when beating PSG in the final.