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Champions League 2022/23 Odds: Who are the favourites ahead of the last 16 draw?

By Dean Smith

Champions League 2022/23 Odds: Who are the favourites as Juve and Barca teeter on the brink of group-stage exit?

Published: 23:00, 2 November 2022

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

After six matchweeks full of action, the line up for the last 16 of the Champions League has been confirmed.

When the draw for the group stage was made Group C was dubbed the ‘Group of Death’ as it involved Bayern Munich, Barcelona and Inter Milan alongside Viktoria Plzen, and there has been a big casualty with the Blaugrana bowing out.

Elsewhere across the group stage, Liverpool recovered from an opening day thrashing against Napoli to beat Ajax and Rangers (both twice), while Juventus were also knocked out, after a 4-3 defeat to Benfica and must settle for a Europa League spot.

Two of the favourites, Real Madrid and Manchester City, dropped points on matchdays four and five, but their results were enough to confirm progression to the knockouts with both topping their group.

Chelsea also secured their spot at the top of their group thanks to another win, this time over Red Bull Salzburg, while AC Milan will join them in the last 16.

2022/23 Champions League last 16 line up

  • Group winners: Napoli, FC Porto, Bayern Munich, Tottenham, Chelsea, Real Madrid, Manchester City, Benfica
  • Group runners-up: Liverpool, Club Brugge, Inter Milan, Eintracht Frankfurt, AC Milan, RB Leipzig, Borussia Dortmund, PSG.

Champions League winner odds 

Club Paddy Power William Hill Sky Bet
Manchester City 13/8 13/8 2/1
Bayern Munich 16/1 6/1 13/2
PSG 7/1 7/1 7/1
Liverpool 9/1 9/1 9/1
Napoli 10/1 11/1 12/1
Real Madrid 11/1 10/1 10/1
Chelsea 12/1 14/1 18/1
Tottenham 16/1 18/1 20/1
You have to be 18+ to gamble. All odds within this article are accurate at the time of writing (17:45, 24/01/2023). BeGambleAware.

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Who are the Champions League favourites for 2022/23?

Man City (7/4 with Sky Bet)

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 Bernabeu 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.

And Man City have secured their place at the top of Group G with three wins and two draws from their opening five matches, currently three points clear of Borussia Dortmund who will join them in the last 16 but cannot catch them due to their head-to-head record.

Following the 2021/22 Champions League final, Jurgen Klopp told supporters to book their hotel in Istanbul, the location of the 2023 showcase, and the Reds were behind City when it came to early favourites. However, they suffered a setback on matchweek one, thrashed 4-1 away to Napoli. They have since bounced back to beat Ajax, Rangers (both twice), while also getting their revenge on Napoli though it wasn’t enough to secure top spot.


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Bayern Munich (5/1 with William Hill)

Group of death? What group of death? Bayern Munich made extremely light work of Group C, finishing perfect for the second year running. Julian Nagelsmann’s side scored 18 goals across their six games including five against Barcelona to help push the Spanish team to the Europa League. They also conceded just twice, with both goals coming in a 4-2 win over Viktoria Plzen, keeping a clean sheet in all of their remaining five games.

But Bayern don’t seem to be getting much of the attention in the Champions League this season, with the likes of Real Madrid and Man City more popular. Even Napoli were getting the plaudits for going perfect after five matches, while Bayern’s run went under-the-radar.

PSG (13/2 with Paddy Power)

Istanbul 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. And they face a tough draw in the last 16 after an incredible final day.

PSG and Benfica went into their final matches level on points and their head-to-head record, with the French side having a slight advantage on goals difference. PSG knew that they only had to match Benfica’s score to finish as Group H winners. With 70 minutes played in their respective games, PSG had the upper hand, leading Juventus 2-1 while Benfica were only ahead 3-1. But the Portuguese side went on to smash Maccabi Haifa 6-1, with Joao Mario completing the scoring in the second minute of injury time. And what a crucial goal it proved to be.

At full-time in both matches, PSG and Benfica were level on points (11), head-to-head (two draws), goal difference (+9), goals scored (16) and goals conceded (7). As a result, an old favourite was brought out to break the tie, with Benfica taking top spot on away goals scored in the group at 9 to 6.

PSG now know they must face one of Napoli, FC Porto, Bayern Munich, Tottenham, Chelsea, Real Madrid and Manchester City in the last 16, and emerge victorious if they are to finally end their search for Champions League glory.

2022/23 Champions League group stage final standings and permutations

Group A P W D L GD Pts
Napoli 6 5 0 1 14 15
Liverpool 6 5 0 1 11 15
Ajax 6 2 0 4 -5 6
Rangers 6 0 0 6 -20 0
  • Napoli have qualified for the last 16 as group winners.
  • Liverpool have qualified for the last 16 as group runners-up.
  • Ajax will drop down to the Europa League knockout round playoffs.
  • Rangers have been eliminated.
Group B P W D L GD Pts
Porto 6 4 0 2 5 12
Club Brugge 6 3 2 1 3 11
Bayer Leverkusen 5 1 2 3 -4 5
Atletico Madrid 5 1 2 3 -4 5
  • Porto have qualified for the last 16 as group winners.
  • Club Brugge have qualified for the last 16 as group runners-up.
  • Bayer Leverkusen will drop down to the Europa League knockout round playoffs.
  • Atletico Madrid have been eliminated.
Group C P W D L GD Pts
Bayern Munich 6 6 0 0 16 18
Inter Milan 6 3 1 2 3 10
Barcelona 6 2 1 4 0 7
Viktoria Plzen 6 0 0 6 -19 0
  • Bayern Munich have qualified for the last 16 as group winners.
  • Inter Milan have qualified for the last 16 as group runners-up.
  • Barcelona will drop down to the Europa League knockout round playoffs.
  • Viktoria Plzen have been eliminated.
Group D P W D L GD Pts
Tottenham 6 3 2 1 2 11
Eintracht Frankfurt 6 3 1 2 -1 10
Sporting CP 6 2 1 3 -1 7
Marseille 6 2 0 4 0 6
  • Tottenham have qualified for the last 16 as group winners.
  • Eintracht Frankfurt have qualified for the last 16 as group runners-up.
  • Sporting CP will drop down to the Europa League knockout round playoffs.
  • Marseille have been eliminated.
Group E P W D L GD Pts
Chelsea 6 4 1 1 6 13
AC Milan 6 3 1 2 5 10
Red Bull Salzburg 6 1 3 2 -4 6
Dinamo Zagreb 6 1 1 4 -7 4
  • Chelsea have qualified for the last 16 as group winners.
  • AC Milan have qualified for the last 16 as group runners-up.
  • Red Bull Salzburg will drop down to the Europa League knockout round playoffs.
  • Dinamo Zagreb have been eliminated.
Group F P W D L GD Pts
Real Madrid 6 4 1 1 9 13
RB Leipzig 6 4 0 2 4 12
Shakhtar Donetsk 6 1 3 2 -2 6
Celtic 6 0 2 4 -11 2
  • Real Madrid have qualified for the last 16 as group winners.
  • RB Leipzig have qualified for the last 16 as group runners-up.
  • Shakhtar Donetsk will drop down to the Europa League knockout round playoffs.
  • Celtic have been eliminated.
Group G P W D L GD Pts
Manchester City 6 4 2 0 12 14
Borussia Dortmund 6 2 3 1 5 9
Sevilla 6 1 2 3 -6 5
FC Copenhagen 6 0 3 3 -11 3
  • Manchester City have qualified as group winners.
  • Borussia Dortmund are confirmed as group runners-up.
  • Sevilla will drop down to the Europa League knockout round playoffs.
  • Copenhagen have been eliminated.
Group H P W D L GD Pts
Benfica 6 4 2 0 9 11
PSG 6 4 2 0 9 11
Juventus 6 1 0 5 -4 3
Maccabi Haifa 6 1 0 5 -14 3
  • Benfica have qualified for the last 16 as group winners.
  • PSG have qualified for the last 16 as group runners-up.
  • Juventus will drop down to the Europa League knockout round playoffs.
  • Maccabi Haifa have been eliminated.

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