UEFA Champions League has grown to become one of the most watched and supported tournaments worldwide; it is even fair to say its only competitor in the World Cup itself. Europe’s elite plays this premier competition in order to determine the best team in Europe and the world. Today we shall go over the betting opportunities afforded to bettors from the tournament; here, we will look at the favorites, types of bets, and the best sportsbooks to use.

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What’s the UCL format?

For each round, the teams are divided into groups of four, where they play each other home and away, making for six games in total.

When the group stage is over, the top two in each group move on to the tournament’s knockout stage, with games played home and away over two legs before the final at a neutral venue.

When does the 2022-23 UEFA Champions League start?

After May 28, when the victors of this year’s Champions League are crowned, the planning for next season’s competition will begin.

Don’t forget; that a worldwide football break is being taken from late November through December 2022 to make room for the World Cup in Qatar.

That will compress the schedule, pushing most matches back to later in the week.

Which teams have qualified for the 22-23 UCL?

Listed below are all the teams and the countries they originate from, the list compiled starts from the qualifying stage to the group stages.

Qualifying Round

  • La Fiorita (San Marino)
  • Levadia (Estonia)
  • Inter Club d’Escaldes (Andorra)
  • Vikingur (Iceland)

First Stage

  • F91 Dudelange (Luxemburg)
  • HJK (Finland)
  • The New Saints (Wales)
  • Tobol (Kazakstan)
  • Zrinjski Mostar (Bosnia y Herzegovina)
  • Sheriff Tiraspol (Moldava)
  • Ferencvaros (Hungary)
  • Shamrock Rovers (Ireland)
  • Dinamo Batumi (Georgia)
  • Shakhtyor Soligorsk (Belarus)
  • Shkupi (North Macedonia)
  • Hibernians (Malta)
  • Tirana (Albania)
  • Lincoln Red Imps (Gibraltar)
  • CFR Cluj (Romania)
  • Zalgiris (Lithuania)
  • Linfield (Northern Ireland)
  • Sutjeska (Montenegro)
  • Qarabaj (Azerbaijan)
  • Bodo Glimt (Noway)
  • Lech Poznan (Poland)
  • Pyunik (Armenia)
  • KÍ (Faroe Islands)
  • Malmö (Sweden)
  • Maribor (Slovenia)
  • RFS (Latvia)
  • Balkans (Kosovo)
  • Ludogorets (Bulgaria)
  • Slovan Bratislava (Slovaquia)

Second Stage

  • Midtjylland (Denmark)
  • Fenerbahçe (Turkey)
  • AEK Larnaca (Cyprus)
  • Maccabi Haifa (Israel)
  • Zurich (Switzerland)
  • Dinamo Kiev (Ukraine)
  • Viktoria Plzen (Czech Republic)
  • Olympiacos (Greece)
  • Dinamo Zagreb (Croatia)

Third Stage

  • Sturm Graz (Austria)
  • Union Saint-Gilloise (Belgium)
  • Benfica (Portugal)
  • PSV (The Netherlands)
  • Rangers (Scotland)
  • Apollon Limassol (Cyprus)
  • Monaco (France)
  • Red Star (Serbia)


  • Trabzonspor (Turkey)
  • Copenhague (Denmark)

Group Stage

  • Manchester City (England)
  • Liverpool (England)
  • Chelsea (England)
  • Tottenham (England)
  • Eintracht Frankfurt (Germany)
  • Bayern Múnich (Germany)
  • Borussia Dortmund (Germany)
  • Bayer Leverkusen (Germany)
  • RB Leipzig (Germany)
  • AC Milan (Itlay)
  • Inter Milán (Italy)
  • Napoli (Italy)
  • Juventus (Italy)
  • Paris Saint-Germain (France)
  • Olympique de Marseille (France)
  • Real Madrid (Spain)
  • Barcelona (Spain)
  • Atlético Madrid (Spain)
  • Sevilla (Spain)
  • Porto (Portugal)
  • Sporting CP (Portugal)
  • Brugge (Belgium)
  • Salzburg (Austria)
  • Celtic (Scotland)
  • Shakhtar Donetsk (Ukraine)
  • Ajax (The Netherlands)

Where is the 2022-23 Champions League final?

Once all the details have been worked out, the 2022-23 competition will finally get underway, and all roads point to Turkey.

The 2022-23 Champions League final is due to be played at the Ataturk Olympic Stadium in Istanbul, where Liverpool claimed their European crown in 2005.

The venue was where their famous 2005 Champions League triumph took place when they came back from being down 3-0 to beat AC Milan on penalties.

The Favorites to Win the UCL

If you plan on making any future bets on the UCL, here is a list of teams that are considered favorites due to their league status or previous triumphs in the tournament.

Real Madrid FC.

Real Madrid are the kings of Europe, and this is not just due to their latest triumph in the Champions League; they have been dominating the European scene for years now, and although they are some years, they have not experienced winning the Champions League, they still hold the most titles with 14 to their name. Star striker Karim Benzema has been leading the club to victory after victory, and with a mix of experienced and young stars, Real Madrid looks set to have another go at the Cup.

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Bayern Munich FC.

Bayern Munich are the top team in their league, and that success translates to their European success as well; the team typically wins the league in their country, allowing them to focus on their European conquest. The Bavarians have won 6 editions of the Champions League, and they are always considered a favorite. They have lost their talisman Robert Lewandowski to Barcelona, but Bayern is known to find adequate replacements in time for the new season.

AC Milan.

AC Milan can be considered a legendary club when it comes to the Champions League, having 7 Champions Leagues trophies to its name; only Real Madrid has more. They are now being considered favorites for the Cup after a hard-fought win for the Serie A title. It is, however, best to mention this is the team with the lowest chance of winning among the favorites as their team doesn’t possess the necessary talent to take on giants like Real or Bayern,


PSG have never won the Champions League, and this factor is what drives them to want to get a hold of the prestigious prize. They have been building a super team over the years to hasten the process so that they can win the Cup as soon as possible. This has, however, not been how things have been going, boasting a squad that consists of a front three of Leo Messi, Neymar, and Mbappe; it seems to keep falling short when it matters most. Each year though, they are among the top teams in the competition.

Chelsea FC.

Chelsea is a contender as they had managed to win the Cup on both occasions when everyone had written them off. This team has shown it has the pedigree to compete with the very best and even overcome them. The team’s strategy under the previous owner was to buy the best players and get the best managers, which meant a high turnover in coaches, but this didn’t stop the team from competing and winning titles. Chelsea is one of those teams you can acknowledge are good, but underestimating them would also be a grave mistake.

Liverpool FC.

Liverpool is a team revived; they have managed in the last 5 years to rebuild their team and push their plans to win titles; they have claimed the Premier League once already in those few years and a Champions League trophy as well. Mohamed Salah has been instrumental to their current success, and with a new contract signed, he looks set to continue. Liverpool is closing in on AC Milan’s total trophy haul in the Champions League, with 6 to their name, only needing one more to go equal in second place.

Manchester City FC.

Manchester City, like PSG, have never tasted victory in the final of a Champions League, they have gone close at times, even reaching the final, but ultimately it hasn’t been the fairytale story the team wanted. Backed by ‘oil money’ like PSG, Man City has been building a powerful team consisting of the best players around; recent statement signing of one of the most sought-after strikers in Erling Haaland. This could be the year they take that final step to achieving their European goals.

Champions League Betting Tips:

  • Follow good tipsters;

Following a good tipster can aid in making more money from betting. Reputable websites offer their subscribers tips, which can be used to win more money. Researching these sites beforehand is always a good idea so that users can take advantage of the tips they offer in order to make a profit.

  • Appreciate the small wins;

I get frustrated when people make big promises. Even if they can deliver on those promises, you probably won’t benefit from them in the way you expect. So, focus on strategies that have a better chance of succeeding.

  • Ignore your gut when betting;

If you’re serious about making money from football betting, then you should look beyond your feelings and do some research.

  • Give matched betting a go;

A match result bet is a strategy for getting money back from the bookmaker when you make a losing wager.

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Best Bets available on Champions League Soccer:

Halftime Bets  

In a football match, halftime betting occurs when a bet has been placed on the results of a game before the end of the first half or in the second half. A typical example of this is betting on which player will score first in a Champions League game between Real Madrid and AC Milan.

Parlays or ACCA:

Parlays and accumulators are multiple bets that you can put together to increase your payout. If all of your selections win, then you get a bigger payout than if you bet on them individually. Champions League matches are ideal to include in your parlay options, mainly group stage games. Here the big European teams often meet lesser teams, which translates into winning betting opportunities. Learn more about soccer parlays. 

Live betting option:

Live betting lets you place wagers on events as they happen, not just after the fact. Champions League fixtures, which experienced bettors often watch, are available for live betting.


The “both teams to score” bet is easy to understand. It pays out when both teams on a match sheet have scored, not just one of them. If you bet on Bayern Munich and Chelsea and they both score, then your bet wins. Check out our last BTTS predictions. 

Double Chance:

If you’re not sure who will win a game and you think one team has a good chance of winning or drawing, you could place a bet on the Double Chance market. A good example of this in the Champions League would be Inter Milan vs. Liverpool since both teams are strong, and it’s more complicated than predicting which side will win. Click here and learn more about double chance betting tips. 

Over & Under:

An over/under bet is a type of soccer wager in which you predict whether the total number of goals scored by both teams combined during a game will be more than or less than a predetermined amount. If you predict correctly—for example, if Barcelona or Man City scores two or more goals and you wagered on over 2.5 goals—then you win your bet. Read our last Over & Under 2.5 Soccer Prediction.

Best UCL Bookmakers in Canada:


888Sport is a reputable sports betting site where you can place wagers on eSports games and live sporting events. The site has an excellent layout with numerous features to keep players entertained during their downtime. See our review of 888Sport here.

William Hill:

William Hill is one of the top-rated sportsbooks on the web; they offer a wide range of sports to accommodate all types of bettors. They have excellent odds and an easy-to-use interface that is both beautiful and accessible. Read our William Hill review in Canada.


Betway is one of the most flexible betting sites around. They offer a wide range of betting options and a great live betting platform, and they’re an excellent choice for players in Canada who want to use UPI, NetBanking, Paytm, and other deposit methods. Check out our full Betway review.

Best App for Canadian Gamblers to bet on UCL


The Bet365 app is user-friendly and easy to navigate, allowing you to place bets for live and pre-match events, participate in other activities on it too (watching videos, exclusive content, and free bets), as well as collect points to redeem for cash prizes. Click here and learn more about Bet365 Canada.

Sports Interaction: 

Sports Interaction lets you bet on your phone and offers a range of online betting options, including live betting and special promotions for app users. You will be able to download the app on all devices, Android and Apple. Visit this page to check out our opinion of Sports Interaction.

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Other competitions in Europe

Here is a list of other competitions that are fan favorites from the sport and fans of sports betting.

UEFA Europe League

UEFA Europa League is the secondary version of the Champions League; here, you will find teams that finished among the top 5 in their country but do not consist of a team that was 1st and 2nd. Betting opportunities are available for this Cup as you will find a low value linked to smaller teams or lesser known.

UEFA Europa Conference League

The Conference league is a new competition that was introduced as the third tier of European competition. Here teams that qualify are those that are below the top five in the league. Jose Mourinho’s AS Roma is the first team to win the inaugural trophy. This is one of the best cups to bet on, as it offers great chances and odds to bet on teams that most fans wouldn’t have heard about.

Supercopa de la UEFA

The Cup that decides the best in Europe, here the winners of both the Champions League and Europa League go head-to-head to decide who is better and claim bragging rights at least until the next final. Here the games are not many as only two teams compete; nonetheless, it is still a big competition, and betting opportunities will be plenty.

UEFA Women’s Champions League

The women’s game is slowly growing, as in the USA, they have agreed to equal pay for the national teams. This is to say that the game is progressing well for women in soccer, and the Champions League stands to showcase that; here, you can see the popularity growing for the women’s game, and Barcelona is even selling out tickets for their women’s team. There are not as many betting opportunities, but you can find markets and odds covering this major tournament.

Top Matches to bet on Champions League Football:

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  • Real Madrid vs. Liverpool FC

Real Madrid and Liverpool have met recently over the last few years, and both teams have been at each other’s throats the whole time, whether it was Salah’s injury caused by Sergio Ramos or stinging defeats in the latter stages, this game has produced some scintillating moments. Being such a high-profile game, most sportsbooks will offer odds and markets.

  • Liverpool vs. Bayern Munich: 

This matchup promises to be interesting, as Liverpool has shown they can beat Bayern Munich in the past. However, Bayern is a strong team, and it will be no easy task for Liverpool to win this time around.

  • Chelsea vs. Barcelona FC: 

Chelsea vs. Barcelona is a matchup that brings up memories of Ronaldhino’s goal in Stamford Bridge, but these two have been at it for quite some time. Both teams are going through a rebuild in hopes of having a competitive squad once the transfer window closes. Barcelona now has star players like Robert Lewandowski, Frank Kessie, and Andreas Christensen to aid in their climb up to the top.

  •  PSG vs. Barcelona FC: 

Everyone remembers the PSG comeback that started Barcelona’s downfall; PSG and Barcelona have become a fan favorite due to the unpredictability of the match. Both teams boast great quality, with PSG now having the Barcelona legend Leo Messi among their ranks. In this fixture, it’s a safe bet to place wagers on markets like BTTS or Double chance.