And then there were two.
Real Madrid and Borussia Dortmund will vie for Europe’s top club footballing honor when they square off in the Champions League final at Wembley Stadium on Saturday, June 1.
Madrid produced another late escape to get past Bayern Munich in the semifinals, denying the German giants of a rematch of the 2013 final against Dortmund, who shut out Kylian Mbappe and PSG across two legs.
As we get ready for the 2024 UCL final, let’s examine the latest Champions League winner odds and pick a team to lift the trophy.
Champions League Odds 2024
Soccer odds used for this 2024 UCL winner pick are current as of Tuesday, May 28, and courtesy of DraftKings Sportsbook.
- Real Madrid (-370)
- Dortmund (+275)
Real Madrid have been the favorites to win the Champions League since they knocked out holders Manchester City in the quarterfinals.
Meanwhile, Dortmund have had the longest odds since the start of that stage, when they were 20-1 long shots to lift the trophy.
Those odds have been sliced now that Edin Terzic’s squad has reached the final, but the Germans will still be underdogs on the day.
Champions League Favorite
Real Madrid (-370)
Real Madrid deserve their post as heavy favorites to win the Champions League for what would be a record 15th time.
Carlo Ancelotti’s squad hasn’t lost a match in the competition since last season’s semifinal defeat to Man City at the Etihad. Madrid also only lost once during their triumphant La Liga campaign, taking the title by 10 points over Barcelona.
The only issue is that the value has been beaten out of this number, which was as high as +650 before the quarterfinal stage.
If you’re willing to pay the steep price, back Madrid as your best UCL bet today.
Champions League Underdog
Dortmund (+275)
Dortmund came fifth in the Bundesliga this season, its worst finish in the league table since the 2014-15 campaign. However, Edin Terzic’s squad has saved its best performances for the Champions League.
BVB topped Group F, which also featured PSG, AC Milan, and Newcastle United, and was rightfully dubbed this season’s “Group of Death."
From there, the German squad brushed aside Eredivisie champions PSV, a vaunted Atletico Madrid side, and Ligue 1 champions PSG en route to a first UCL final appearance since 2013.
- Get more in-depth UCL final analysis in our Champions League predictions.
Dortmund will have their hands full against their former midfielder Jude Bellingham and the rest of this talented Real Madrid outfit, but they have shown an impressive resiliency to even reach this point.
These odds aren’t overly enticing to back the underdogs, but I wouldn’t be shocked if they spring the upset.
Past Champions League Winners
2023: Manchester City
2022: Real Madrid
2021: Chelsea
2020: Bayern Munich
2019: Liverpool
2018: Real Madrid
2017: Real Madrid
2016: Real Madrid
2015: Barcelona
2014: Real Madrid
