Outright Odds

Champions League 2023/24 odds: Favourites as Real Madrid and Dortmund set to contest the final

By Harry Edwards

Champions League 2023/24 Odds: Who are the favourites after the group stage draw?

Published: 14:30, 9 May 2024

The 2023/24 Champions League is set with 14-time winners Real Madrid facing Dortmund at Wembley on June 10.

2023/24 Champions League winner odds

Champions League Outright Odds
Squawka
Team
Real Madrid
Borussia Dortmund

*Odds correct as of 14:30 on May 09. 18+ only. BeGambleAware.

You have to be 18+ to gamble. All odds within this article are accurate at the time of writing (22:30, 07/05/2024). BeGambleAware.

18+ only. New customers only. For verified UK clients only. The qualifying bet should start at £10 and have 1.5 or greater odds. Following the qualifying bet, you will receive 4 free bets that can be used one after another. Each free bet lasts for 7 days. Single bet only. Pre-Match or Live. No Cash-Out. Max payout – £500. BeGambleAware.org

2023/24 Champions League quarter-final results | First Legs

  • Arsenal 2-2 Bayern Munich
  • Real Madrid 3-3 Manchester City
  • Atletico Madrid 2-1 Borussia Dortmund
  • PSG 2-3 Barcelona

2023/24 Champions League quarter-final results | Second Legs

  • Barcelona 1-4 PSG (PSG win 6-4 on aggregate)
  • Borussia Dortmund 4-2 Atletico Madrid (Borussia Dortmund win 5-4 on aggregate)
  • Manchester City 1-1 Real Madrid (4-4 on aggregate, Real Madrid win on penalties)
  • Bayern Munich 1-0 Arsenal (Bayern Munich win 3-2 on aggregate)

2023/24 Champions League semi-final results | First Legs

  • Bayern Munich 2-2 Real Madrid
  • Dortmund 1-0 PSG

2023/24 Champions League semi-final results | Second Legs

  • PSG 0-1 Dortmund (Dortmund win 2-0 on aggregate)
  • Real Madrid 2-1 Bayern Munich (Real Madrid win 4-3 on aggregate)

How do the Champions League favourites for 2023/24 rank?

Real Madrid

One of the sides to lose to Man City last season (5-1 in the semi-finals), Real Madrid are on their latest quest for a record-extending 15th European Cup triumph.

Real Madrid went perfect through the group stage, making it seven victories in a row as they left Leipzig with a slender 1-0 win. Although Los Blancos haven’t won a match since, they are in the semi-finals. After a 1-1 draw in the second leg of their last 16 tie against RB Leipzig, Real Madrid drew home and away against defending champions Man City in the quarter-finals. But, crucially, they knocked out the holders 4-3 on penalties, with Andriy Lunin saving two spot-kicks. Carlo Ancelotti was thrilled to have left Munich with a 2-2 draw against Bayern before producing a sensational 2-1 win on home soil, sending them to an 18th European Cup final.

CHAMPIONS LEAGUE OPTA PROBABILITY RATINGS 2023/24

# TEAM WIN % FINAL %
1. Real Madrid 39.3% 66.3%
2. PSG 27.4% 59.6%
3. Bayern Munich 16.9% 33.7%
4. Borussia Dortmund 16.4% 40.4%

18+ only. New customers only. For verified UK clients only. The qualifying bet should start at £10 and have 1.5 or greater odds. Following the qualifying bet, you will receive 4 free bets that can be used one after another. Each free bet lasts for 7 days. Single bet only. Pre-Match or Live. No Cash-Out. Max payout – £500. BeGambleAware.org

Borussia Dortmund

Borussia Dortmund weren’t given much chance in the Champions League this season. Having fallen at the group stage two years ago, and losing in the last 16 in 2022/23, Dortmund were placed in the toughest group. But the German side finished top of the group, three points clear of Paris Saint-Germain, while AC Milan and Newcastle dropped out.

Their reward was a draw against PSV in the last 16 and, after the first leg finished level at 1-1, Dortmund made their quality known in the return fixture to go through as 3-1 winners. Dortmund were in the quarter-finals of the Champions League for just the second time in seven seasons, also reaching this stage in 2020/21, and they had to mount their own comeback against Atletico Madrid. Trailing 2-1 on aggregate, Dortmund eventually advanced with a 5-4 victory, securing their fourth Champions League semi-final.

Once again, few gave them a chance against Kylian Mbappe and PSG, but Die Schwarzgelben proved everybody wrong by winning both legs 1-0, sealing a memorable 2-0 aggregate win and a return to Wembley, where they lost the 2012/13 final against Bayern Munich.