The road to the 2026-27 UEFA Champions League final is set to be a thriller with Paris Saint-Germain chasing an unprecedented three-peat. Luis Enrique’s side have been dominating the competition and will be in contention once again.
The French side defeated Arsenal in the final last season and Mikel Arteta's team will be desperate to go one better and win the tournament for the first time. Bayern Munich, Barcelona, Manchester City and Real Madrid have top quality squads and are all in contention.
Bookmakers have opened the outright markets with value available for forward-thinking bettors. Let's take a look at the odds and the top contenders.
2026-27 UEFA Champions League Betting Odds
| Team | Odds |
|---|---|
| PSG |
6.00 |
| Bayern Munich |
7.00 |
| Arsenal |
8.00 |
| Barcelona |
8.00 |
| Man City |
8.00 |
| Real Madrid |
9.00 |
| Liverpool |
10.00 |
| Man Utd |
17.00 |
| Inter Milan |
26.00 |
| Atletico Madrid |
29.00 |
| Aston Villa |
34.00 |
| Napoli |
34.00 |
| Borussia Dortmund |
41.00 |
| Roma |
51.00 |
| Leipzig |
51.00 |
| Como |
51.00 |
| Real Betis |
67.00 |
| Villarreal |
67.00 |
| Stuttgart |
81.00 |
| Sporting Lisbon |
101.00 |
| Porto |
101.00 |
Paris Saint-Germain (6.00)
PSG head into the new campaign as the team to beat after retaining their European crown in a dramatic penalty shootout victory over Arsenal. Under Luis Enrique, PSG have shed their habit of relying on superstars in favour of a cohesive and high-pressing machine.
Anchored by Vitinha and João Neves in midfield and powered by dynamic attackers like Ousmane Dembélé, Désiré Doué, and Khvicha Kvaratskhelia, the French champions possess elite tactical depth and proven tournament experience.
PSG offer a solid choice in outright market but history shows how difficult it is to win three straight titles. Real Madrid have done it twice, the only other teams to achieve the feat being Ajax and Bayern Munich.
Bayern Munich (7.00)
Vincent Kompany’s Bayern Munich remain one of Europe's most feared attacking units. The Bavarians play a relentless, front-foot style of football with a squad packed with game-changers and Harry Kane up front, one of the best strikers in world football.
Bayern narrowly went out to PSG in the semi-finals last season, proving they have the ingredients necessary to break through and claim a seventh European title.
Arsenal (8.00)
After winning the English Premier League and pushing PSG all the way to penalties in the 2026 Champions League final, Mikel Arteta’s side have established themselves among Europe’s true elite.
Supported by William Saliba and Gabriel Magalhães in central defence, Arsenal’s defensive resilience means they can match it with any team in Europe.
The Gunners' have an incredibly deep squad led by Declan Rice, Martin Odegaard, Bukayo Saka and Viktor Gyökeres. The English champions definitely possess the structure and tactical flexibility required for another deep run in the competition.
Barcelona (8.00)
Barcelona have revitalised their identity with direct, vertical football that features an abundance of world-class youth. Pau Cubarsi is coming off an impressive display for Spain who won the 2026 World Cup.
Driven by electric talents like Pedri, Fermín López, Raphinha, Lamine Yamal and Ferran Torres, Hansi Flick’s side are capable of tearing open any defence in Europe.
Barcelona's aggressive defensive line can leave them exposed, but their goalscoring output makes them a dangerous pick in the outright market.
Manchester City (8.00)
Man City enter the new campaign in a transitional phase following the departure of Pep Guardiola. New manager Enzo Maresca has big boots to fill as he attempts to take the side back to the top in England and Europe.
Boasting one of the deepest squads in football which has been boosted with the signing of Elliot Anderson, City retain the ability to dominate possession, control games and provide opportunities for the lethal Erling Haaland.
City offer some value compared to previous years, bookmakers keeping them safe until Maresca proves he can get the side firing on all cylinders.
Real Madrid (9.00)
Never write off Europe's most decorated club. Real Madrid’s achievements are unmatched and with a frontline including Jude Bellingham, Vinícius Júnior and Kylian Mbappé, they possess individual match-winning brilliance.
Los Blancos's ability to conjure decisive goals out of nowhere makes them a constant threat.
José Mourinho returns to the club and with an urge to prove he can still cut it on the grandest stages, it wouldn't be a big surprise to see him take the Spanish giants to a 16th title.