Real Madrid won the Champions League last season, and oddsmakers don't think it was a fluke, installing them with betting odds of 4-1 to win it again this season.
That line matches Bayern Munich for tops on most Champions Leagues odds menus monitored by Odds Shark.
Cristiano Ronaldo and Karem Benzema lead the Real attack, which got stronger in the off-season with the addition of World Cup Golden Boot winner James Rodriguez.
Real also bolstered their midfield, signing World Cup winner Toni Kroos. Goalkeeper Iker Casillas dealt with injuries last season and looked terrible in the World Cup, but he will be counted on to anchor the Real defense.
While Casillas had a poor World Cup showing, Bayern Munich goalie Manuel Neuer was superb in winning the Golden Gloves award in leading Germany to the title. The squad is loaded, and while they lost Mario Mandzukic, they signed Robert Lewandowski from rivals Borussia Dortmund.
They open the Bundesliga season Aug. 22 against Wolfsburg.
While Barcelona (5-1) lost a couple of solid players, they made the biggest move of the summer signing controversial striker Luis Suarez. He will sit out several matches after another biting incident in Brazil.
However, when he comes back, he will play alongside Lionel Messi and Neymar, who each scored four goals in the World Cup, for an attack that will be nearly impossible to stop.
Yaya Toure, Sergio Aguero and Edin Dzeko combined to score 53 goals last season for a Manchester City squad that is at 10-1 to win the Champions League.
They signed defensive midfielder Fernando and defender Bacary Sagna to improve the defense, which was the weakness last season.
Can Paris Saint-Germain (10-1) play with the big boys? They have Zlatan Ibrahimovic and Thiago Silva, but they do not face the level of competition in the French Ligue 1 that the top clubs in the Champions League do.
Chelsea are at 10-1 to win the Champions League, and while they finished third in the EPL last season, they have the best betting odds to win it this season. The reason is that they signed Cesc Fabregas and Diego Costa in the off-season, which should vastly improve their attack.
Italy is not getting much love with Juventus having the best Champions League betting odds only at 20-1. They won the Scudetto last season and added striker Alvaro Morata but still have long-shot odds to win the Champions League crown.
Here are the squads with the top 20 odds to win the 2015 Champions League as of July 28 per Odds Shark.
FC Bayern Munich 4-1
Real Madrid 4-1
FC Barcelona 5-1
Manchester City 10-1
Paris Saint-Germain 10-1
Chelsea FC 10-1
Arsenal FC 16-1
Atletico Madrid 20-1
Borussia Dortmund 25-1
Liverpool FC 25-1
AS Monaco 40-1
AS Roma 50-1
SSC Napoli 50-1
FC Kobenhavn 75-1
Athletic Bilbao 80-1
FC Porto 80-1
FC Schalke 04 100-1
Zenit St. Petersburg 150-1
Shakhtar Donetsk 150-1