Champions League 2022-23 Winner Betting Odds

By Matthew Glazier  | 

Mar 17th, 2023 07:00 AM  |  5 mins

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Champions League Quarter-Final Draw
Real Madrid v Chelsea
Inter Milan v Benfica
Manchester City v Bayern Munich
Milan v Napoli

Champions League Semi-Final Draw
Real Madrid OR Chelsea v Manchester City OR Bayern Munich
Inter Milan OR Benfica v Milan OR Napoli

Manchester City have regularly fallen short in the Champions League under Pep Guardiola, although perhaps this is the season where they finally land the European Cup. The bookmakers reacted to their 7-0 mauling of RB Leipzig by cutting their odds in the outright market, and they look like the team to beat.

However, the quarter-final draw has not been kind to them. City have been pitted against second favourites Bayern Munich in a tie which will see Guardiola clash with one of his former clubs. The winner of this tie will then play the winner of a tie between Chelsea and Real Madrid for a place in the final.

Graham Potter has been able to breathe a sigh of relief after a spate of recent wins and the bookies initially cut Chelsea's Champions League betting odds after a comeback win against Dortmund. However, they are on the drift after being paired with Real Madrid.

Napoli continue to shorten with the best betting sites to win the competition now that the draw for the quarter-final stage of the competition has been made, with the Azzurri facing Milan before meeting the winner of a clash between Inter and Benfica.

Manchester City Drift After Drawing Bayern (9/4 with Coral)

The new betting sites have been affording Manchester City plenty of respect after Pep Guardiola's side served up a masterclass against RB Leipzig. City achieved their joint-biggest home win in the Champions League and few would have predicted a 7-0 victory considering that the first leg clash ended all square.

Erling Haaland scored an incredible five goals which saw him break plenty of scoring records in the process. This 8-1 aggregate victory means City remain the team to beat although they've been dealt a tough hand as far as the draw is concerned. Bayern Munich are probably the toughest opponent they could have faced at this stage, with either Chelsea or Real Madrid waiting in the wings in a potential semi-final.

While City are worthy favourites, the bottom line is that they have regularly fallen short in the Champions League, and they've only reached one final. That resulted in a defeat against Chelsea in 2021, with the Cityzens losing to eventual winners Real Madrid in the semi-finals last season.

Chelsea Drift After Being Paired With Real (16/1 with BetVictor)

Graham Potter has recently been trading as the favourite on the Premier League sack race betting market, but the Englishman punched the air in delight after Chelsea were able to engineer a 2-0 victory over Borussia Dortmund. That meant the Blues enjoyed a 2-1 aggregate win against their German opponents, and the team's odds shortened for glory.

However, the top football betting sites now take a dimmer view of Chelsea's chances of repeating that 2020/21 success where they were able to beat Manchester City in the final. It might be that a Champions League success is the only way that the team are able to retain their place in the competition for next season although Real Madrid stand in their way.

It's going to be a huge test for the Blues and they will end up clashing with either Manchester City or Bayern Munich in the semi-finals should they manage to overcome the reigning champions. Things couldn't be much tougher for the London side.

Bayern Munich Bidding to Repeat 2020 Success (7/2 with bet365)

It might have been behind closed doors, but Bayern Munich were able to land the 2019/20 Champions League by beating Paris St-Germain in the final. Three seasons later, the German side have a squad that is capable of securing another European Cup, and they managed to overcome the same opponents in order to reach the quarter-final stage.

Bayern enjoyed a flawless group stage that saw Julian Nagelsmann's side win all six of their encounters. They scored 18 goals and conceded just two in a section that also included Inter and Barcelona. They certainly look to be one of the strongest teams in Europe, with the German champions claiming a 3-0 aggregate win over PSG.

The Bavarian side would have wanted to avoid the team that they beat in the 2020 final, but they will now be confident that they can lift the trophy after winning 1-0 at the Parc des Princes before a 2-0 victory over the same team at the Allianz Arena. However, they are now on a collision course with Manchester City after the two teams were paired together and it's Bayern who are the betting outsiders.

Milan and Inter Could Meet in Champions League Semis

Inter Milan and AC Milan have managed to navigate their way through to the quarter-final stage of the Champions League. This means there are three Italian sides who have made it to this phase of the competition. Inter overcame Porto in the last 16, with Simone Inzaghi's team landing a 1-0 win over their Portuguese opponents before securing a passage thanks to a goalless draw in the second tie.

Milan were champions of Italy last season, and they were able to enjoy a similarly narrow aggregate win over Tottenham to make their way into the hat for the last eight, and they will now clash with a Napoli side who are edging closer to taking the Rossoneri's domestic crown off them this season.

Meanwhile, Inter will be going back to Portugal after being drawn against a Benfica side who are flying in Portugal this season and overcame FC Bruges in the previous round of the competition.

Real Madrid Bidding to Retain Crown (7/1 with Coral)

Real Madrid are the reigning champions and are certainly meriting plenty of respect from the bookmakers on the outright betting market. They are trading as third favourites to retain their crown after an amazing 5-2 win at Anfield which was followed by a 1-0 victory in the second leg.

Carlo Ancelotti's side showed an abundance of character to achieve a brilliant scoreline in the first leg, which meant that the Spanish champions simply had to control the second game at the Bernabeu, with Karim Benzema adding the icing on the cake.

It will take a strong team to overcome this Real outfit, especially with Vinicius Junior and Benzema operating so well, while Luka Modric continues to be one of the best midfielders in the world. This is a side extremely well suited to European knockout football and they will now expect to go all the way. They will be favourites to overcome Chelsea in the quarter final stage before a crunch clash against either Manchester City or Bayern Munich.

Napoli No Longer Dark Horses to Win (7/2 with bet365)

Some shrewd customers were able to back Napoli at betting odds of 100/1 to win this season's Champions League, and these odds were even available after the Naples side thrashed Liverpool in the first group game. Winning 4-1 against last season's finalists was a real statement of intent, and that scoreline ultimately helped them land top spot in Champions League Group A.

A 2-0 win in their first leg at Eintracht Frankfurt meant that the Serie A champions-elect were in the box seat to go through to the last eight stage before finishing the job. It's certain that no team will want to face opponents who look to have the Scudetto in the bag after setting a blistering pace throughout the season. They clash with Milan in the last eight before a winnable semi-final encounter against Inter and Benfica.

Napoli have been one of the best teams in Europe this season and they are in control of their own destiny as far as the Scudetto is concerned. Victor Osimhen and Khvicha Kvaratskhelia are the attacking livewires who could help the Serie A team go really close in Europe, and they will be confident of success.

If you have a free bet to use, why not try it on the outright winner of this season's Champions League.