2025/26 Conference League favourites and odds: Palace backed to lift another trophy

• Crystal Palace remain the favourites to win the Conference League this season

• Rayo Vallecano are seen as outsiders in the outright market against the Premier League side

• Palace play Rayo Vallecano in the final in Leipzig on Wednesday, May 27, 2026

Ladbrokes looks at the latest Conference League odds, with Premier League side Crystal Palace favourites to win their first-ever European trophy.

After winning the FA Cup for the first time in May, Palace are looking to repeat their heroics on the European stage after reaching the Conference League final, where they will face Rayo Vallecano.

Should they win the competition, which the latest odds suggest they're the favourites to do, Crystal Palace will join West Ham and Chelsea on the small list of English clubs to have won the Conference League since its inception in 2021.

Oliver Glasner's side were initially supposed to be playing Europa League football this season, qualifying through their FA Cup triumph, but a harsh ruling saw Palace get demoted to the Conference League. However, if they end up lifting the trophy, we doubt they'll mind too much.

Palace are the favourites to win the Conference League at 4/9, with bookies tipping them to beat LaLiga side Rayo Vallecano after beating Larnaca, Fiorentina and Shakhtar Donetsk in the knockout stages.

Vallecano, currently 10th in LaLiga, are the outsiders in what is only their second-ever European campaign, with bookies considering their chances in the outright market as 13/8.

View the latest football odds.

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