Liverpool are the bookmakers’ favourites to win the Champions League when they face Spanish side Real Madrid in the final of the competition. 2022 UEFA Champions League Winner Odds The English giants are listed as co-favorites at +125 odds. [4/7/22] An impressive win over Chelsea in the quarterfinals leg 1, has seen Real Madrid’s odds shorten from +1300 to +650. [3/18/22] Big odds swing with Real Madrid.