The 2026/27 Champions League is fully underway, and the race to be crowned champions is already looking very different from when the competition began.
Barcelona have tightened their grip as favourites after a sensational start to the season, while some EPL giants have all seen their odds drift significantly.
But which teams have seen the biggest changes in their Champions League winner odds?
We compare Bet9ja’s outright prices before the competition began with the latest odds as of 14 October 2026.
Odds are subject to change.
Champions League Winner Odds: Before vs Now
| Current rank | Club | Before | Now | Change |
|---|---|---|---|---|
| 1 | Barcelona | 6.00 | 4.50 | Shortened 1.50 |
| =2 | Arsenal | 7.00 | 6.50 | Shortened 0.50 |
| =2 | Bayern Munich | 7.00 | 6.50 | Shortened 0.50 |
| 4 | PSG | 6.50 | 6.75 | Drifted 0.25 |
| 5 | Real Madrid | 7.50 | 7.75 | Drifted 0.25 |
| 6 | Manchester City | 10.00 | 9.75 | Shortened 0.25 |
| 7 | Liverpool | 13.00 | 20.00 | Drifted 7.00 |
| =8 | Manchester United | 21.00 | 34.00 | Drifted 13.00 |
| =8 | Atlético Madrid | 34.00 | 34.00 | Unchanged |
| 10 | Inter Milan | 26.00 | 41.00 | Drifted 15.00 |
1. Barcelona – 4.50 (Previously 6.00)
Barcelona were already favourites before the competition began, but their extraordinary start to the season has made them even stronger contenders.
The Catalan giants have won all 10 of their matches this season, scoring an incredible 43 goals and conceding just nine.
That attacking firepower, led by the likes of Lamine Yamal and Raphinha, has seen Barcelona’s Champions League odds shorten from 6.00 to 4.50. They are now the clear favourites to lift the trophy.
2. Arsenal – 6.50 (Previously 7.00)
Arsenal have moved into joint-second place in the betting, with their odds shortening slightly from 7.00 to 6.50.
Mikel Arteta’s side continue to build on their reputation as one of Europe’s strongest teams, with a squad that combines defensive solidity and attacking quality.
Last year’s beaten finalists have started their campaign strongly, reinforcing the belief that they can compete for major honours on multiple fronts. Could this finally be Arsenal’s year in Europe?
3. Bayern Munich – 6.50 (Previously 7.00)
Bayern Munich are level with Arsenal at 6.50, having also shortened from their pre-tournament price of 7.00.
With Harry Kane, Michael Olise and Luis Diaz leading the charge, the German champions possess one of the most dangerous front threes in European football.
Bayern’s experience in the latter stages of the Champions League makes them a serious threat, and the betting market now places them alongside Arsenal as Barcelona’s closest challengers.
4. PSG – 6.75 (Previously 6.50)
Double champions PSG have slipped from second favourites before the competition to fourth in the current betting.
Their odds have drifted slightly from 6.50 to 6.75, although they remain among the leading contenders.
The reigning European heavyweights have the talent and experience to make another deep run, but the market currently rates Barcelona, Arsenal and Bayern as marginally stronger candidates.
5. Real Madrid – 7.75 (Previously 7.50)
Real Madrid’s odds have drifted slightly from 7.50 to 7.75, leaving the Spanish giants fifth in the betting.
However, writing off the competition’s most successful club would be a dangerous move.
With Kylian Mbappé among their attacking stars and a squad packed with Champions League experience, Madrid remain capable of beating any opponent on their day.
Their price has barely changed, suggesting they are still firmly in the conversation.
6. Manchester City – 9.75 (Previously 10.00)
Manchester City have seen their Champions League odds shorten marginally from 10.00 to 9.75.
City arrive in Europe with plenty of uncertainty surrounding the club following the Premier League’s financial charges verdict and subsequent appeal.
But on the pitch, they delivered an emphatic statement with Sunday’s 3-0 victory over Liverpool at Anfield.
That result demonstrated why City remain dangerous opponents, even if their off-field situation continues to dominate headlines.
7. Liverpool – 20.00 (Previously 13.00)
Liverpool have suffered one of the biggest falls in confidence among the Champions League contenders.
Their odds have drifted dramatically from 13.00 before the tournament to 20.00, following a difficult start to the season.
Sunday’s 3-0 home defeat to Manchester City only increased the pressure, with Liverpool’s expensive new-look attack struggling to deliver.
At 20.00, Liverpool are now considerably bigger outsiders than they were just a few weeks ago.
8. Manchester United – 34.00 (Previously 21.00)
Manchester United’s odds have also drifted substantially, moving from 21.00 to 34.00.
Michael Carrick’s side have endured a miserable start to the campaign, winning just twice in nine matches across all competitions.
Tuesday’s 2-0 Champions League defeat to Atlético Madrid extended their winless run to five matches and sparked fresh criticism of the club’s recruitment.
With serious questions surrounding the squad and its performances, United’s chances of European glory appear increasingly remote.
9. Atlético Madrid – 34.00 (Previously 34.00)
Atlético Madrid are the only team in the current top 10 whose odds have remained completely unchanged.
Diego Simeone’s side were priced at 34.00 before the competition began and remain at the same price.
However, their recent form suggests they could be worth watching.
Atlético have enjoyed a strong run of domestic results that includes a win in the Madrid derby, and followed that up with Tuesday’s impressive 2-0 victory over Man Utd.
10. Inter Milan – 41.00 (Previously 26.00)
Inter have experienced the largest numerical drift in outright odds among the teams on this list.
The Italian giants began the competition at 26.00 but are now available at 41.00.
It’s a significant change for a club with a strong recent Champions League pedigree, having reached the final in both 2023 and 2025.
Their increased price reflects how much confidence in their European prospects has fallen since the start of the campaign.
Who Will Win the 2026/27 Champions League?
Barcelona are the clear favourites at 4.50, but Arsenal, Bayern Munich and PSG are all within striking distance.
The most striking changes have come further down the list, where Liverpool, Manchester United and Inter have all drifted significantly.
And with plenty of Champions League football still to play, the odds could change dramatically again before the knockout stages.
Who are you backing to lift the trophy? Check out the latest Champions League winner odds on Bet9ja.
1 Comment
by Sunday Odeniran
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