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Football fans look forward to the second season of the revamped UEFA Champions League competition. The various group stages have been replaced by one league phase, consisting of 36 teams, with the top 24 progressing to the knockout rounds.
The extended format often sees the best play the best at various stages, including the league, playoffs, round of 16, and beyond. But which team will lift the trophy in Budapest in May? PSG won their first Champions League title last season thanks to the 5-0 demolition of Inter Milan in Germany. Will the Parisians secure back-to-back prizes?
Chelsea famously defeated PSG in the Club World Cup final in the United States this summer, beating the French Ligue 1 champions to upset the odds. The Blues are back in the Champions League and target further glory under the watchful eye of manager Enzo Maresca. Can Chelsea take the European trophy back to Stamford Bridge?
The leading sports betting apps offer a variety of exciting Champions League markets, including the outright winner. Frank Monkhouse picked Chelsea to win the Club World Cup, and now offers his expert preview and betting predictions on the UEFA Champions League 2025/26 to Flashscore readers. Keep reading as he highlights the main contenders.
PSG Champions League betting odds
The champions are back for more after destroying Milan in last season's final and battling through to the final of this summer's Club World Cup in the USA. Despite a hectic campaign, the French champions sparkled on the big stage, scoring impressive wins over Real Madrid, Bayern Munich, and Inter Miami in the knockout rounds. They scored ten goals and conceded none in that run, before losing 3-0 to Chelsea in the final.
PSG fans enjoyed finally seeing their big-spending side finish on the top step of the podium after several failed attempts. Will we see more of the same this season, or will another champion emerge? Leading bookmakers have PSG as their favourites, and the odds are competitive, but Luis Enrique's team are far from a sure thing, and I'd rather take a chance on another big name with bigger odds attached.
You can bet on PSG to win the Champions League at 5/1 with bet365.
Liverpool Champions League betting odds
Arne Slot led Liverpool to an impressive Premier League title last season and enjoyed a well-deserved rest over the summer. The team from Anfield didn't appear in the Club World Cup, giving the players time to recharge their batteries and the backroom staff the space to work on strengthening every aspect of the club, including attracting new players.
Liverpool boasts a fantastic record in European competition, having won the top prize six times between 1977 and 2019. The Reds kick off as second favourites in the UCL outright betting market, and they'll attract strong attention. I have high hopes for Liverpool this term and wouldn't put anyone off backing them at a decent offer. I expect the Premier League to provide another champion this season, but will they come from Merseyside?
Liverpool trade at 6/1 (bet365) to win the UCL trophy.
Real Madrid Champions League betting odds
Spanish La Liga side Real Madrid ranks as the most successful team in the European Cup, having collected no fewer than 15 titles between 1956 and 2024. Is Blancos about to add another? They are well-respected in the outright betting market, as you would expect, but Xabi Alonso's team were pummeled by PSG in the United States, losing 4-0 in the semi-finals. Question marks remain over Madrid.
Real also finished as runners-up behind Barcelona in last season's La Liga, ending four points behind their great rivals. The odds suggest they have a great chance of adding a 16th gong, but many value hunters would prefer a slightly better price on a team that has failed to convince fans and pundits over the past 12 months. Madrid winning would be no surprise, but they must perform much better than they have been recently.
Real Madrid winning the Champions League is 7/1 (bet365).
Chelsea Champions League betting odds
Looking for a pick from further down the pecking order with a great chance of upsetting the odds? You can follow the world champions and back Chelsea to continue their form by adding the Champions League title to their Club World Cup winners' medal. The Blues boast a young, ambitious, and expensive squad that loves to silence their critics.
Will they have the energy left in their legs to mount a challenge on the Premier League and Champions League titles? Only time will tell. Yes, the team from Stamford Bridge didn't get much of a break this summer, but a winning streak helps players overcome fatigue. They'll need a rub of the green with the draw, but Chelsea are my pick to win the Champions League.
Click here to bet on Chelsea to win the Champions League at 12/1 (bet365).
Champions League 2025/26 betting odds
Here are the UEFA Champions League betting odds on the upcoming season available on the bet365 website and mobile app. You can follow one of the favourites or shoot for an underdog carrying attractive odds.
PSG @ 5/1 / Liverpool @ 6/1 / Real Madrid @ 7/1
Barcelona @ 7/1 / Arsenal @ 8/1 / Man City @ 9/1
Bayern Munich @ 10/1 / Chelsea @ 12/1 / Inter Milan @ 25/1
Odds courtesy of bet365. Correct at the time of publication and subject to change.
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The odds, correct at the time of publication, are subject to change.