Some of the best soccer teams in Europe will get together over the course of the next 10 months to determine the top club in European soccer! Our expert soccer handicappers have their fingers on the pulse of the Champions League odds this year, and we are all set to make our free Champions League picks!

Two out of the last three seasons, Barcelona (Champions League Odds Favorites: 2 to 1 at BoDog Sportsbook) has ended up winning the Champions League title. For good reason, the top Spanish side is the favorite to win it all again this year. This is a club with a very, very rich history in this championship, and with so many Spanish players that are on arguably the best team assembled in the world right now, the Spain national team, it is no wonder why Barca has such a great pedigree. Sure, it stumbled out of the blocks in the World Football Challenge against Man U in the United States, but we know that we are going to see better out of this team as the year goes by to the point that we are definitely not going to want to bet against it.

List Of Past Champions League Winners (Since 1995)
2010-11 Champions League Champions: Barcelona
2009-10 Champions League Champions: Inter Milan
2008-09 Champions League Champions: Barcelona
2007-08 Champions League Champions: Manchester United
2006-07 Champions League Champions: AC Milan
2005-06 Champions League Champions: Barcelona
2004-05 Champions League Champions: Liverpool
2003-04 Champions League Champions: FC Porto
2002-03 Champions League Champions: AC Milan
2001-02 Champions League Champions: Real Madrid
2000-01 Champions League Champions: Bayern Munich
1999-00 Champions League Champions: Real Madrid
1998-99 Champions League Champions: Manchester United
1997-98 Champions League Champions: Real Madrid
1996-97 Champions League Champions: Borussia Dortmund
1995-96 Champions League Champions: Juventes
1994-95 Champions League Champions: Ajax

The teams that are all overvalued are the ones from England. The biggest overachiever of the bunch is Manchester United (2011-12 Champions League League Lines: 8 to 1 at BoDog Sportsbook). Are the Red Devils the best side in England? Absolutely. However, they do have a major target on their backs this year, and we’re really not all that sure that they’re going to be able to survive what could be a potentially lethal Champions League draw. Teams like Chelsea, Manchester City, and Arsenal are all overrated as well, and there is no doubt that they are all going to end up going out of this competition before the Final Four even begin.

The interesting teams are the middling favorite clubs. Bayern Munich (Odds to Win the Champions League: 20 to 1 at Bet Online Sportsbook) is always a big time contender out of Germany, and it has the winning pedigree necessary to be able to go a long way in this competition yet again.

A team like FC Porto (Odds to Win the Champions League: 25 to 1 at BoDog Sportsbook) is a great choice after rolling right through Portugal and the UEFA Cup last season. The only problem with Porto is that Head Coach Andre Villas-Boas has left for Chelsea. However, the winning nature is still there, and the Dragons are going to be stacked once again for another run through Portugal and the rest of the world.

Both of the Italian sides, AC Milan (Latest Champions League Odds: 20 to 1 at BoDog Sportsbook) and Inter Milan (2011-12 UCL Odds: 20 to 1 at BoDog Sportsbook) are always good bets for this tournament as well, though we would probably be more inclined to back AC right now over Inter knowing that the blue clad Milan side is having problems contractually with one of its best midfielders, Wesley Sneijder.

Latest 2012 Champions League Odds @ Bet Online Sportsbook (as of 8/1/11):
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Barcelona 1.90 to 1
Real Madrid 5 to 1
Manchester United 7 to 1
Chelsea 8 to 1
Manchester City 15 to 1
Arsenal 20 to 1
Bayern Munich 20 to 1
FC Porto 20 to 1
AC Milan 20 to 1
Inter Milan 20 to 1
Borussia Dortmund 30 to 1
Lyon 50 to 1
Napoli 60 to 1
Bayer Leverkusen 60 to 1
Marseille 60 to 1
Villarreal 60 to 1
Shakhtar Donetsk 80 to 1
Zenit St. Petersburg 80 to 1
Lille 80 to 1
Ajax Amsterdam 80 to 1
Udinese 100 to 1
CSKA Moscow 100 to 1
Fenerbahce 150 to 1

Odds To Win 2011-12 Champions League @ BoDog Sportsbook (as of 8/1/11):
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Barcelona 2 to 1
Real Madrid 5 to 1
Chelsea 8 to 1
Manchester United 8 to 1
Manchester City 12 to 1
Bayern Munich 16 to 1
AC Milan 20 to 1
Arsenal 20 to 1
Inter Milan 20 to 1
FC Porto 25 to 1
Borussia Dortmund 33 to 1
Valencia 40 to 1
Lyon 50 to 1
Bayer Leverkusen 66 to 1
Marseille 66 to 1
Napoli 66 to 1
Villarreal 66 to 1
Ajax Amsterdam 80 to 1
Lille 80 to 1
Zenit St. Petersburg 80 to 1
Benfica 80 to 1
CSKA Moscow 100 to 1
Dynamo Kiev 100 to 1
Fenerbahce 100 to 1
Rubin Kazan 100 to 1
Shakhtar Donetsk 100 to 1
Udinese 100 to 1