Champions League winner odds: Bayern and City the favourites

Champions League winner odds: Bayern favoured over PSG
Bayern Munich and Manchester City are joint favourites to win the Champions League Credit: Getty

The Champions League groups have been drawn and the bookies have made the holders co-favourites to retain European football’s big prize

The Champions League draw has been made but it’s the current holders Bayern Munich and Manchester City who are the favourites to lift the famous trophy in Istanbul in May.

Bayern Munich won the title in some style after the competition restarted, hammering Chelsea and humiliating Barcelona before defeating Lyon and Paris Saint-Germain in the semi-final and final.

The bookies have made the German giants co-favourites to retain the Champions League along with Pep Guardiola’s side, who were beaten quarter-finalists last season.

Latest Champions League winners odds

Bayern Munich and Manchester City are 4/1 to win the 2020-21 Champions League, with Liverpool the third-favourites at 11/2.

Already signed up to Paddy Power? Check out all the latest bookmaker offers on our Champions League free bets page.

All odds courtesy of Paddy Power are correct at the time of publishing and are subject to change.

Who will win the 2019-20 Champions League?

As implied by the latest bookmakers’ odds.

These implied odds have been calculated using a betting calculator tool.

Bayern the benchmark

Bayern Munich are 4/1 co-favourites to retain the Champions League after demonstrating they were streets ahead of the rest last season.

The Bavarians won all 11 matches they played in the competition, scoring six goals at Red Star Belgrade, seven at Tottenham Hotspur and eight at Barcelona as they powered their way to a sixth European Cup success. They have been drawn in Group A with Atlético Madrid, Lokomotiv Moscow and Salzburg.

Manchester City, the other co-favourites, could only reach the last eight before losing to Lyon last season. Their quest for their first European title begins in Group C, in which they face Porto, Olympiacos and Marseille.

Liverpool, champions of Europe for the sixth time in 2019, are 11/2 third favourites and have been drawn in Group D with Ajax, Atalanta and Midtyjlland of Denmark.

Last season’s runners-up PSG face Manchester United (30/1), RB Leipzig and Istanbul Basaksehir in a highly competitive Group H.

The other English representatives, Chelsea (16/1), are in Group E with Europa League winners Sevilla, Rennes and the Russian side Krasnodar. 

Elsewhere, record 13-time European champions Real Madrid (11/1) are in Group B with Shakhtar Donetsk, Inter Milan and Borussia Monchengladbach.

Barcelona (14/1), rebuilding under Ronald Koeman, are drawn in Group G against Juventus (16/1), Dynamo Kiev and Ferencvaros.

Borussia Dortmund, who have exciting young forwards Jadon Sancho and Erling Haaland in their ranks, are 17/1 after being drawn in Group F with Zenit St Petersburg, Lazio and Bruges.

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