Champions League Final: As the race for European glory heats up. Ladbrokes has released the latest Champions League 2026 odds. Revealing Paris Saint-Germain (PSG) and Arsenal as the two leading contenders for the prestigious title. Both sides have made outstanding starts to their respective seasons, and their early form has translated into strong betting confidence.
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While Arsenal are already favourites to lift the Premier League trophy at the end of the campaign. Their ambitions extend far beyond domestic success. With a solid run of performances in Europe, the North London club is now being tipped .
After recording three consecutive victories in the group stage. Arsenal have climbed the odds table and now sit as the second-favourites to lift the Champions League trophy in May 2026. The only team placed ahead of them is the reigning champions, PSG. Who have once again started their European campaign emphatically.
Champions League Final 2026: Arsenal Eye Historic
According to Ladbrokes, PSG are currently priced. As the leading favourites to win the Champions League Final . A position that reflects their dominance both domestically and on the continental stage. Their commanding 7-2 victory over Bayer Leverkusen in game week three served . As a reminder of their attacking power and squad depth.
Arsenal’s rise to second-favourite status comes as no surprise given their impressive form under Mikel Arteta. The Gunners have shown balance, resilience, and attacking flair. Which has made them one of the most consistent teams in Europe this season. Their combination of young talent and experienced leadership has seen them grow from hopeful contenders to genuine challengers for the biggest trophies.
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While winning the Premier would already mark a remarkable achievement. Lifting the Champions League Final 2026 trophy would place Arsenal among Europe’s elite once again . Something the club and its fans have long dreamed of. Just behind Arsenal in the betting odds are last season’s semi-finalists, Barcelona, followed by Liverpool and Bayern Munich, who complete the top five favourites.
Real Madrid’s Decline in Champions League Final 2026 Betting Raises Eyebrows
Barcelona’s odds reflect their resurgence under Xavi. As the Catalan side continues to rebuild with a mix of youth and experience. Liverpool, meanwhile, remains a dangerous force in knockout football. And Bayern Munich — now managed by Vincent Kompany — continue to show why they are perennial contenders in this competition.
These teams, though not quite at the level of PSG and Arsenal in the betting markets, are still seen as strong threats capable of going deep into the tournament. Interestingly, Real Madrid does not feature in the current top five of the Champions League 2026 betting odds, which is unusual for the 14-time European champions.
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Their odds appear to have been affected by a somewhat lacklustre start to the campaign, including a narrow 1-0 victory over Juventus in game week three that did little to impress bookmakers. However, given their track record in the competition, it would be unwise to completely rule them out, especially as the tournament progresses and the knockout rounds approach.
Champions League Final: Man City and Chelsea Backed at 18/1
Further down the list, Manchester City and Chelsea are both priced at 18/1 to win the Champions League Final 2026. Despite their inconsistent starts, both clubs have the quality and depth to mount a strong challenge if they can find their rhythm. Inter Milan, Newcastle United, and Tottenham Hotspur follow closely, with odds ranging between 28/1 and 33/1.
The next five game weeks will play a crucial role in shaping not only the qualification picture but also the shifting odds of potential winners. Injuries, form, and fixture congestion will all have a say in how teams perform, and as history has shown, momentum often matters more than early-season promise in the Champions League.
This season’s finale will take place at the iconic Puskas Arena in Budapest, Hungary, on May 30, 2026. The stadium, known for its electric atmosphere and modern design, is set to provide a fitting stage for Europe’s biggest football spectacle. As the tournament unfolds, all eyes will be on whether PSG can defend their crown or if Arsenal .
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