2025/26 Champions League favourites and odds

Ladbrokes looks at the latest Champions League 2025/26 odds, with PSG and Barcelona joint-favourites following the second round of fixtures.

PSG won last season's Champions League, and after beating Barca in GW2, the bookies now view them as one of the two sides most likely to win the competition next year.

Arsenal have emerged as favourites to win the Premier League for the first time since 2003/04, and are also among the front-runners in the UCL odds following the first two sets of league-phase matches.

Along with PSG, Ladbrokes has Champions League semi-finalists Barcelona also as one of the two favourites to win the competition.

Hansi Flick's side beat a star-studded Real Madrid to the La Liga title last year, and the bookies are of the belief that they'll be right in the conversation for domestic and continental glory again this season.

Three clubs who will have something to say about that are the aforementioned Arsenal, along with Liverpool and Real Madrid. All three sides are in the conversation to win the Champions League come the end of the season.

Manchester City and Bayern Munich are the only other sides to have been priced at 10/1 or shorter to win the Champions League. However, with the season only having just kicked off, a lot is still going to change on the odds front.

Below are the odds for every club to win the Champions League come the final in Hungary on May 30, 2026.

Ladbrokes will have a Champions League accumulator published for each gameweek, with odds, tips and predictions.

View the latest football odds.

All odds and markets are correct as of the date of publication.