Paris Saint-Germain are the favourites in the Champions League odds to join a very select list of clubs by claiming a third straight title in the 206/27 campaign. However, the Parisians are hardly the only side with a chance of lifting the prestigious trophy come June.

After ending their Premier League drought, Arsenal will hope to go one better than last year’s final loss to PSG and win the Champions League for the first time.

The Standard’s gambling experts have put together this one-stop shop for Champions League betting: listing live match odds for every round of fixtures from major betting sites, plus covering all of the big outright markets - outright winner, to reach the final, top goalscorer, league phase winner, and league phase top eight.

With 144 league phase fixtures played between September and January, there is plenty of Champions League action to come before the turn of the year. The Standard will be updating this section before every round of fixtures with the latest Champions League match odds.

PSG are bidding to become the first side since Real Madrid in 2018 to win the Champions League three times in a row. Speaking of Real Madrid, the most successful team in the tournament’s history with 15 victories open, they enter this year’s Champions League winner market as one of the favourites, partly thanks to the return of two-time Champions League-winning manager Jose Mourinho.

Last year’s runners-up Arsenal are also a prominent name, but this is not a two or even three-horse race. Barcelona and Bayern Munich are also heavily fancied by football betting sites. You can see the last 10 winners down below - and the sides they defeated to lift the Champions League.

The final market lets punters back a club to make the final without needing to win it, which can be useful for backing an outsider on reaching the tournament showpiece.

This year’s final is being staged at the Metropolitano Stadium, home of Atletico Madrid, at the start of June.

Champions League top scorer odds covers the market for the competition's top individual scorer across the league phase and knockouts. As such, sides that are expected to do well and reach the latter stages of the competition usually feature candidates for the Golden Boot.

The 2025/26 winner Kylian Mbappe of Real Madrid won the Golden Boot with 15 goals in 11 appearances - despite Real Madrid going out in the quarter-finals. Bayern Munich’s Harry Kane finished one behind on 14, exiting at the semi-final stage. It was Mbappe's second Champions League top-scorer title, as he also shared it with Kane in 2023/24 with eight goals each.

The last 10 Golden Boot totals average around 12-13 goals, ranging from a low of 8 (2023/24) to a high of 16 (Cristiano Ronaldo, 2015/16).

The 36-team single league phase, where each club plays eight games, means that all sides are ranked on one table and the Champions League league phase winner market is settled purely on who tops that table, before the knockouts even begin.

This is a separate market from the outright winner odds. A club can top the league phase without going on to win the trophy, or vice versa.

Only the top eight of the 36-team league phase go straight through to the round of 16, while 9th-24th face a knockout play-off round and 25th-36th are eliminated from the competition.

In the Champions League top 8 finish market on betting apps, consistency over the eight-game league phase is key, useful information for backing a mid-tier club to have a strong autumn and winter, with games played over the course of four months between September and January.

These bookmakers all have strong football-based promotions that apply to Champions League fixtures. By shopping around between operators, you can find the best odds for Champions League games as well as the best football betting offers.

Betting on the Champions League can elevate your enjoyment of the most prestigious club football tournament in the world, but with so many markets, it can be easy to get lost when placing bets.

Popular markets include the simple match result and goals markets, all of which are covered by the bookmakers listed above. With 18 games per game week, there is plenty of opportunity for accumulators that meet the criteria for various acca-based promotions. Simply sign up for a bookmaker and explore the market options for a specific game, before adding a selection to your betslip and placing a wager.

Champions League outright prices - for markets such as winner, to reach the final, and top scorer - offer the best value before the league phase starts, before they begin to sharpen as the knockouts approach.

You can find both more success and enjoyment betting on the Champions League by setting a budget, shopping around for the best prices, and avoiding chasing losses.

Bettors are reminded to always gamble responsibly by making use of the safer gambling tools available on betting sites.

Betting should only be viewed as a source of entertainment, never as a reliable income.

You can find more information about problem gambling and how to bet responsibly via GambleAware (gambleaware.org), GamCare (gamcare.org.uk), Gamblers Anonymous (gamblersanonymous.org.uk) and NHS (nhs.uk).

At the time of writing, PSG are favourites to win the Champions League for the third time in a row. They are closely followed by Real Madrid and Arsenal.

Currently, PSG have been given odds of 11/2 by most UK bookmakers, although some big names price the reigning champions’ chances of winning a third straight Champions League as low as 9/2.

The best value is usually found before the tournament starts, before any results and data can be used to inform bets and the market. As the league phases nears its conclusion, the picture becomes clearer, and prices quickly sharpen.