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2023/24 UEFA Champions League Winner Betting Odds - Can Manchester City defend their Champions League crown?

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Last updated: 22 Feb 2024
Bets.com.au Staff 22 Feb 2024
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  • Manchester City won the 2022/23 Champions League, beating Inter Milan in the final
  • Can the English side make it back-to-back triumphs?
  • Odds from bet365
Manchester City's Pep Guardiola (Getty Images)
Manchester City's Pep Guardiola (Getty Images)

The 2023/24 Champions League has returned, with the best teams in Europe coming together to battle for the trophy that was won by Manchester City in 2023 as they downed Italian side Inter Milan in the final in a 1-0 win. 

Pep Guardiola's men currently sit at the head of the betting at $2.50 with bet365 to back up their trophy success with another victory, but can the English side continue to dominate the club football scene? As we move into the knockout stages, which sides currently head the betting? 

Champions League Winner
Odds
Manchester City$2.50
Real Madrid $5.50
Arsenal$7.50
Bayern Munich$9.00
Inter Milan $11.00
PSG$13.00
Barcelona$21.00
Borussia Dortmund$41.00
Porto$41.00
Atletico Madrid$51.00
Rest of the field$81.00+
Note: Odds from bet365. Correct on 22/2/2024

Manchester City arrive as the favourites this season at $2.50 with bet365. This comes after they beat Copenhagen 3-1 in the first-leg of their Round of 16 clash. 

Bayern Munich have drifted out to $9.00 after they were beaten 1-0 by Lazio in the first-leg of their match. 

This has seen Real Madrid move into second favourites at $5.50, while Arsenal come in at $7.50, with Inter Milan ($11.00), PSG ($13.00) and Barcelona ($21.00) next in line. 

This switch in odds comes as Manchester City and Real Madrid put one foot in the quarter-finals following first-leg wins. Meanwhile, Bayern were beaten by Lazio with the likes of Inter Milan winning their clash with Atletico Madrid as Arsenal fell to a late 1-0 loss at the hands of Porto. 

In the 2022/23 season, City finally secured their first Champions League triumph in impressive style. While sometimes a team can get lucky with the sides they face heading into the final, City were given a real test of their ability. 

They had to beat the German champions Bayern Munich, the reigning European champions at the time in Real Madrid in the semi-finals and an Inter Milan side that missed out on the Serie A title by two points in the season before. 

When it comes to looking at dark horses to win this term, there are a number of potential options. Some may cite PSG are surely a good shot to finally clinch the trophy, but they have hardly shone in Europe so far. 

Instead, Barcelona may prove an astute pick. The Spanish side were superb in La Liga last term, while they are building a strong team.

With the 2023/24 Champions League season likely to be even more exciting than the one before, which side will secure the trophy this time? 

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