Champions League Odds 2026-27: Barcelona Lead a Five-Club Race
Barcelona are the favorite to win the 2026-27 Champions League at 23% on both Kalshi and Polymarket as of November 10, 2026. Two-time defending champion Paris Saint-Germain are next at 17% to 19%, with Bayern Munich, Real Madrid and Arsenal grouped at 13% to 14%.
Champions League winner odds as of November 10, 2026
| Club | Kalshi | Fair American | Polymarket |
|---|---|---|---|
| Barcelona | 23% | +335 | 23% |
| Paris Saint-Germain | 19% | +426 | 17% |
| Bayern Munich | 14% | +614 | 13% |
| Real Madrid | 14% | +614 | 14% |
| Arsenal | 14% | +614 | 13% |
| Manchester City | 7% | +1329 | n/a |
| Liverpool | 3% | +3233 | n/a |
| Inter | 2% | +4900 | n/a |
| Borussia Dortmund | 2% | +4900 | n/a |
Kalshi prices are the last trades on November 10, 2026. The Polymarket column is from its 30-day market chart at the start of November, and n/a means the chart did not show the club. The fair American column turns the Kalshi percentage into odds with no margin, so a sportsbook will quote a shorter price.
Sportsbooks had PSG on top earlier in the fall. BetMGM listed PSG at +350 and Arsenal at +500 in late October, per VegasInsider. You can trade the winner market on Kalshi or Polymarket. Our free plays for the NFL, college football and the NBA are on the free picks page.
How the Champions League format works in 2026-27
All 36 clubs play eight league-phase matches, four at home and four away, in one shared table. The top eight go straight to the round of 16. Clubs ranked 9th to 24th play a two-legged playoff for the other eight places, and 25th to 36th are out.
From the round of 16 on it is two-legged ties until the single-match final. That bracket is why the winner market stays spread out: a favorite can go out over two games in March.
Champions League contenders
Barcelona
Barcelona added Rodri, Anthony Gordon and Karim Adeyemi in the summer and beat Aston Villa 3-0 on Matchday 4. They have also drawn the most public backing, with about one in four winner bets on Oddschecker in early September.
Paris Saint-Germain
PSG won the last two finals, beating Arsenal in 2026, and are trying to become the first men's club to win three in a row since Real Madrid in 2018. They are 4-0 in the league phase after a 6-0 win at Villarreal.
Bayern Munich and Real Madrid
Bayern won 2-0 at Atletico Madrid on Matchday 4. Real Madrid are the other club on 12 points from four matches.
Arsenal
Last season's runners-up are the shortest English price at 13% to 14%. They also lead the Premier League by five points, which adds fixture load through the spring.
Champions League dates for 2026-27
| Stage | Dates |
|---|---|
| Matchday 5 | Nov 24 to 25, 2026 |
| Matchday 6 | Dec 8 to 9, 2026 |
| Matchday 7 | Jan 19 to 20, 2027 |
| Quarterfinals | Apr 6 to 7 and 13 to 14, 2027 |
| Semifinals | Apr 27 to 28 and May 4 to 5, 2027 |
| Final | Sat, June 5, 2027, Metropolitano, Madrid |
For the domestic title race in England, see our Premier League title odds.