Outright Odds

Champions League 2022-23 Odds: Who’s the bookmaker’s favourite after the second qualifying round draw?

By Dean Smith

2022/23 Champions League second round draw

Published: 15:28, 17 June 2022 | Updated: 15:23, 2 August 2022

It’s the most highly coveted title in European club football, but who will take home the 2022/23 Champions League trophy?

Barely a month has passed since the 2022 Champions League final but attention is already turning to the 2022/23 campaign with the draw for the second qualifying round being made. The second qualifying round is when the split into Champions and League Paths come into play with 15 teams advancing from the first round into the Champions Path.

Qualifying officially starts on June 21 in the preliminary round, with one team advancing to the first qualifying round played next month. On top of the 10 games in the second round Champions Path, there are two in the League Path including one potentially exciting tie. So how are the early stages of Champions League qualifying shaping up?

2022/23 Champions League preliminary round draw

  • FCI Levadia vs Vikingur Reykjavik
  • La Fiorita vs Inter Club d’Escaldes
  • La Fiorita/Inter Club d’Escaldes vs FCI Levadia/Vikingur Reykjavik

The preliminary round semi-finals will take place on 21 June 2022, with the final on 24 June 2022.

2022/23 Champions League first round draw

  • Pyunik vs CFR Cluj
  • Maribor vs Shakhtyor Soligorsk
  • Ludogorets vs Sutjeska Nikšić
  • Dudelange vs Tirana
  • Tobol vs Ferencváros
  • Malmö vs La Fiorita/Inter Club d’Escaldes/FCI Levadia/Vikingur Reykjavik
  • Ballkani vs Žalgiris
  • HJK vs RFS
  • Bodø/Glimt vs KÍ
  • The New Saints vs Linfield
  • Shamrock Rovers vs Hibernians (Malta)
  • Lech Poznań vs Qarabağ
  • Shkupi vs Lincoln Red Imps
  • Zrinjski vs Sheriff Tiraspol
  • Slovan Bratislava vs Dinamo Batumi

The first qualifying round first legs will take place on 5/6 July 2022, with the second legs on 12/13 July 2022.

2022/23 Champions League second round draw

Champions Path

  • Tobol Kostanay/Ferencváros vs Slovan Bratislava/Dinamo Batumi
  • Dinamo Zagreb vs Shkupi/Lincoln Red Imps
  • Lech Poznań/Qarabağ vs Zürich
  • HJK/RFS vs Viktoria Plzeň
  • The New Saints/Linfield vs Bodø/Glimt/KÍ
  • Ballkani/Žalgiris vs Malmö/La Fiorita/Inter Club d’Escaldes/FCI Levadia/Vikingur Reykjavik
  • Ludogorets/Sutjeska vs Shamrock Rovers/Hibernians (Malta)
  • Maribor/Shakhtyor Soligorsk vs Zrinjski/Sheriff Tiraspol
  • Maccabi Haifa vs Olympiacos
  • Pyunik/CFR Cluj vs Dudelange/Tirana

League Path

  • Midtjylland vs AEK Larnaca
  • Dynamo Kyiv vs Fenerbahçe

The second qualifying round first legs will take place on 19/20 July 2022, with the second legs on 26/27 July 2022.

There are then another two qualifying rounds before the group stage start. 14-time winners Real Madrid are the defending champions, but how do the bookmakers rate the chances of them and beaten finalists Liverpool?

Champions League winner odds

Club Paddy Power William Hill Sky Bet
Manchester City 11/4 5/2 11/4
PSG 6/1 6/1 11/2
Liverpool 5/1 9/2 9/2
Bayern Munich 13/2 6/1 7/1
Real Madrid 11/1 8/1 12/1
Chelsea 11/1 12/1 14/1
Barcelona 14/1 14/1 16/1
Tottenham 16/1 25/1 20/1
You have to be 18+ to gamble. All odds within this article are accurate at the time of writing (13:00, 05/07/2022). BeGambleAware.

Who are the Champions League favourites for 2022/23?

Man City (10/3 with Paddy Power)

For all their recent domestic successes Manchester City are yet to break through in the Champions League with a runners-up medal in 2019 being their most notable accomplishment. Pep Guardiola, a two-time winner, is surely determined to make amends following those chaotic scenes at the Santiago Bernabéu Stadium when Real Madrid snatched an improbable victory from the jaws of defeat. Victory would have booked another all-Premier League final in Paris but Liverpool were left to face the record champions who claimed their 14th title.

Jurgen Klopp following the game told supporters to book their hotel in Istanbul, the location of the 2023 final, and the Reds are behind City when it comes to favourites. Klopp suffered a third final loss, more than any manager in history, that first setback came at the hands of Bayern Munich who are looking to reestablish themselves at the top table. It should be where PSG are dining considering they possess Europe’s most feared attack on paper, but the Parisians — like City — are yet to grab world football’s most demanding club competition by the scruff of the neck.

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Real Madrid (10/1 with Paddy Power)

Liverpool were eliminated by Real Madrid in the 2021/23 knockout phase and Carlo Ancelotti’s side, who had to do it the hard way to win the biggest prize, sit outside the heavy favourites. Joining them are previous European winners Chelsea and Barcelona both of whom are in rebuilding phase. Juventus, meanwhile, are desperate to end a 27-year wait since that most recent triumph; it’s been five tournament final appearances in which they’ve lost each time to Borussia Dortmund, Real twice, Milan and Barcelona.


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