2023-24 Champions League Outright Odds
Man City Go for Back-to-Back Titles
Handful of Strong Contenders
Manchester City won their first-ever UEFA Champions League title a couple of weeks ago over Inter Milan. Rodri scored the winning goal in City’s triumph as they completed a rare treble. City will be going into the offseason thinking about defending their UCL and Premier League titles. The odds imply City could pull it off but there are a bunch of solid contenders next season. We’ll take a look at some of the top contenders, dark horses and longshots as we review the 2023-24 Champions League outrights.
Top Contenders
Pep Guardiola’s Manchester City are +200 favorites to win back-to-back Champions League titles. Erling Haaland led the 2022-23 Champions League stats with 12 goals and Kevin de Bruyne was a joint-leader, with six assists. City dominated en route to their first UCL title, as they didn’t lose a single match in the competition. They knocked out RB Leipzig, Bayern Munich and Real Madrid en route to the final. There, they defeated Inter Milan 1-0.
Next up on the list is Bayern Munich, who sit at +700 2023-24 Champions League outrights. Bayern won an 11th straight Bundesliga title by the skin of their teeth. However, they may benefit from a full offseason with coach Thomas Tuchel, who took over mid-season. Jamal Musiala is one to watch for the Bavarians.
Lionel Messi may be gone but Paris Saint-Germain still have the third-best odds to win their first UCL. Kylian Mbappe & Co. come in at +900 odds to win the Champions League but lost to Bayern in the round of 16 last season. PSG have already been active in the transfer market, bringing in Marco Asensio and Manuel Ugarte. Lee Kang-in and Cher Ndour are reportedly on their way.
Real Madrid display slightly shorter odds than their rivals Barcelona. Real sit at +1000 UCL odds while Barcelona show +1200 odds. Real just lost longtime striker Karim Benzema to Saudi Arabia and Vinicius Jr. is now the key man for Los Blancos. Real also added Jude Bellingham to a star-studded midfield. Barcelona failed to make it out of their group in 2022-23 but won La Liga.
Dark Horses
Arsenal haven’t played in the Champions League since the 2016-17 season but are first on our list of dark horses. Mikel Arteta’s Gunners stand at +1400 odds to win the UCL. They’re close to signing Kai Havertz, who scored the winning goal in the 2021 Champions League final for Chelsea.
Napoli shocked the Italian footballing world by winning the 2022-23 Serie A title. They lost in the Champions League quarterfinal to AC Milan but could make another run if they’re able to keep Khvicha Kvaratskhelia and Victor Osimhen together. They and Manchester United both come in at +1600 odds to win the UCL.
United could jump up this list if they’re able to complete the signing of Harry Kane from Tottenham. They have Marcus Rashford but would certainly like to add another high-level forward to the side. Newcastle were battling Premier League relegation 18 months ago and are now top-ten Champions League contenders. Eddie Howe’s Magpies are priced at +2000 odds and their matches on the UEFA Champions League schedule will be must-watch propositions.
Borussia Dortmund were one win away from winning the Bundesliga title but couldn’t take down Mainz on the final day. They’ve already lost Jude Bellingham to Real Madrid but consistently do a good job replacing their best players. Dortmund show +2500 odds to win their first Champions League since 1997.
Intriguing Long Shots
Atletico Madrid have made the Champions League final twice under Diego Simeone but not since 2016. The 2023-24 Champions League outrights price Atleti at +3300 but they finished last in their group last season.
Meanwhile, Inter Milan were one win away from winning the Champions League in 2022-23. Inter, under Simone Inzaghi, had a stellar defense that carried them to the final. Inter may not get such a favorable knockout stage draw this time around and also show +3300 outright odds.
RB Leipzig and Benfica have been Champions League staples over the last few years. They both sit at +4000 odds to win but have fewer resources than the teams above them on this list. Benfica did bring in exciting prospect Orkun Kokcu from Feyenoord as Leipzig lost Christopher Nkunku to Chelsea.
AC Milan also display +4000 odds to win the Champions League and got as far as the semifinal in 2022-23. There, the Rossoneri lost to rivals Inter Milan but managed to sign key winger Rafael Leao to a contract extension.
Fellow Italian club Lazio come in at +5000 odds but haven’t reached the Champions League quarterfinals since 2000. Sevilla won the Europa League for a record seventh time in 2022-23 but have never tasted Champions League glory. They are priced at +6600 odds to win the UCL. FC Porto and Real Sociedad both stand at +6600 odds as well.
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