As ever, the UEFA Champions League outright winner odds market is one of the most exciting and dynamic ones around, with the odds often changing from one round to another.
With the league phase of the competition now complete, the bookies have updated their odds once again, so let's take a closer look at the main candidates to win the most prestigious European trophy.
Best Champions League outright winner odds
Arsenal
7/2
Bayern Munich
9/2
PSG
7/1
Barcelona
7/1
Man City
7/1
Liverpool
10/1
Real Madrid
12/1
Chelsea
18/1
A closer look at the contenders
Arsenal
Arsenal will begin the knockout stages of the Champions League as the outright tournament favourites and deservedly so after they won all eight of their league phase matches.
Last season, the Gunners gave PSG a run for their money in the semi-finals, but ultimately came up short due to a lack of cutting edge up front.
While those issues still remain, their ability to score goals regularly from set pieces could be crucial in knockout football.
Bayern Munich
Bayern Munich are the second-favourites to win the competition this season, despite not even being inside the top five before a ball was kicked.
Harry Kane's remarkable form up front is a big reason for their shortening price, but the whole team is also functioning at an extremely high level.
While a defeat to Arsenal on matchday five will have knocked them, they will still fancy their chances of another deep run in this competition.
PSG
PSG are now the third-favourites to win the Champions League despite being the favourites at the start of the season.
Luis Enrique's side haven't been at their best yet this season, but this is exactly what they did last season before exploding into life after Christmas.
One big question mark is around the goalkeeper position after they chose to sell Gianluigi Donnarumma, who was central to their triumph last season, to Man City.
Man City
After winning the illustrious treble in the 2023-2024 season, which also marked their first-ever time lifting the Champions League trophy, things haven't gone according to plan at Man City.
Yes, they managed to defend their Premier League title the season after, winning their 10th league title, but they failed to do the same in the Champions League.
Last season, Man City failed to win a single trophy and were eliminated by Real Madrid in the Champions League in the playoff round. So, the Citizens will be eager to show they are still among the best teams in Europe this season, and they've spent a lot of cash over the last 12 months to reinforce their squad.
Barcelona
If Barcelona do manage to go all the way, then it will be their first triumph since Lionel Messi left the club and their sixth title overall.
The Catalans will feel that they should have been the team to take on PSG in last year's final, but came up short in a thrilling semi-final with Inter Milan. Defensively, there are still question marks, but going forward, they are one of the most exciting teams around, and the addition of Marcus Rashford has only made them stronger in that regard.


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