The most prestigious cup competition in all of club soccer returns this week as the UEFA Champions League comes back on our screens for the 2022/23 season.
The 32 best teams in Europe will all go head to head to compete for the honor of being crowned European champions at the end of the season, with the final set to take place in Istanbul in May 2023.
But who are the favorites to win the trophy this season? We take a look at the favorites and make our pick to see if we can earn you some extra cash while watching the best soccer tournament in the world.
| UEFA Champions League 2022/23 |  |  |  |
|---|---|---|---|
| Manchester City | +260 | +250 | +285 |
| Paris Saint-Germain | +500 | +500 | +580 |
| Liverpool | +600 | +550 | +540 |
| Bayern Munich | +650 | +650 | +720 |
| Real Madrid | +1000 | +900 | +1100 |
Learn more about how to bet on the UEFA Champions League here.
Favorites to win the Champions League
Manchester City - Premier League - (+285)
The favorites for the tournament this year aren't a surprise, as Pep Guardiola's Manchester City side take the crown with the bookies despite having never won the tournament before in their history.
Having won the Premier League last season and reached the Champions League semi-finals, they then added supreme goalscorer Erling Haaland to their ranks, and he has started the season on fire with nine goals in his first five games for the club.
City made the final in 2020 but were beaten by Chelsea in a tight game and should have made the final last year before they crumbled in injury time against Real Madrid and crashed out in the semi-finals. But this year could very well be their year with the squad they've built and the quality they have.
They got a relatively favorable draw in the group stages too and over two legs they'll be the favorites to beat anyone in the knockout stages, so they simply cannot be overlooked.
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Liverpool - Premier League - (+600)
The Reds made it to their third final in five seasons last year, but they fell at the final hurdle when they ran into Real Madrid in Paris and lost 1-0.
They went into the market in the summer and signed striker Darwin Nunez for $100m, but lost Sadio Mane to Bayern Munich and have struggled in the opening games of the season with their only win so far coming against newly promoted Bournemouth - although it was 9-0.
Their pedigree in Europe is unmatched in England, with seven European Cup wins to their name throughout their history and they still have a world-class squad including the likes of Virgil Van Dijk, Mohamed Salah, Trent Alexander-Arnold and Thiago plus Jurgen Klopp as the boss.
Despite their poor start, they're only going to improve as the season goes on and when they're at their best there are very few teams who can live with them. They've done it before, so 6/1 is a superb value bet.
Bayern Munich - Bundesliga - (+720)
The most dominant domestic team on the continent, Bayern Munich made it 10 German league titles in a row last season but were shockingly eliminated by Villarreal in the quarter-final stages of the Champions League.
But they've strengthened greatly during the off-season with all of Sadio Mane, Ryan Gravenberch, Noussair Mazraoui and Matthijs De Ligt signing and only Robert Lewandowski leaving.
They've started their domestic campaign on fire once again but have got a tough group, including Barcelona, for this year's European tournament.
They last won the competition in 2019 during the lockdown bubble tournament and they're strong enough to do it again potentially, but it may be a year too early considering the significant changes that happened in the summer market.
Real Madrid - La Liga - (+1100)
The reigning and defending kings of Europe, Real Madrid made it 14 European titles with a huge win last season against Liverpool in the final. They also won the Spanish Liga for a second consecutive season, with star man Karim Benzema leading the way for this year's Ballon d'Or too.
The club lost superb defensive midfielder Casemiro this summer but were able to bring in key players like Antonio Rudiger and Aurelien Tchouameni to bolster the squad and will look to become only the second team to defend their title - after they did a three-peat back in 2015-17.
Madrid got themselves a tricky group this season with Celtic, RB Leipzig and Shakhtar Donetsk but they will be favorites to finish top of that and then they showed last season that they can go toe to toe with anyone in the knockout stages.
If any club can go back-to-back again it's Real Madrid and at 11/1, they're definitely worth a flutter.
Our Pick
Paris Saint-Germain - Ligue 1 - (+580)
Arguably the best attack in the world got even stronger this summer, with Kylian Mbappe, Lionel Messi and Neymar joined by Hugo Ekitike, Fabian Ruiz, Vitinha and Carlos Soler in the transfer window.
The French league champions were boosted massively by the news of Mbappe renewing his contract when he looked set to leave on a free transfer, and they've started the season on fire with new manager Christopher Galtier adopting a new formation to get the best out of his forwards.
They have the star power, have improved key areas of the team in the transfer window and have got incredible individual quality throughout the team that can win games on its own.
PSG have finally clicked and with a relatively easy group to navigate through they will be right in the mix come to the end of the season and are our picks to lift the trophy.
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