Ballon d'Or Odds: Dembele And Yamal Head The Market But Who Will Take The Prize?

The winner of the Ballon d’Or will be announced in just a few hours, and betting sites are offering odds ahead of the star-studded ceremony in Paris.
A first-time winner is guaranteed this year, as no member of the 30-player shortlist has won football’s greatest individual honour before.
Paris Saint-Germain’s Ousmane Dembele tops the list, thanks to the pivotal role he played in securing the club’s long-awaited first Champions League crown which completed the treble.
Barcelona wonderkid Lamine Yamal is expected to be Dembele’s closest competition, with the 18-year-old Spaniard enjoying a breakout season, scoring a remarkable 18 goals and assisting a further 25 in all competitions.
His team-mate Raphinha is also on the bookies’ list ahead of tonight's ceremony in Paris, while Mohamed Salah and Kylian Mbappe are considered dark horses.
Here are the latest odds for the Ballon d’Or, which had a qualifying period running from August 1, 2024, to July 31 this year.
Ballon d'Or 2025 Odds:
Player | Club | Odds | Bookmaker |
Ousmane Dembele | Paris Saint-Germain | 2/7 | |
Lamine Yamal | Barcelona | 2/1 | |
Raphinha | Barcelona | 12/1 | |
Mohamed Salah | Liverpool | 20/1 | |
Ferreira Vitinha | Paris Saint-Germain | 20/1 | |
Kylian Mbappe | Real Madrid | 50/1 | |
Nuno Mendes | Paris Saint-Germain | 50/1 | |
Cole Palmer | Chelsea | 50/1 | |
Khvicha Kvaratskhelia | Paris Saint-Germain | 50/1 |
Dembele Heads The Market
Without question, the 2024/25 season was the finest of Dembele’s career.
He was pivotal in Paris Saint-Germain’s success, helping them secure the Ligue 1 title, lift their first-ever European crown, the Coupe de France and reach the Club World Cup final.
He struck 21 goals in 29 league matches to finish as joint-top scorer, while also earning a place in the Ligue 1 Team of the Season and being named Player of the Year.
The 28-year-old shone on the European stage too, claiming the Champions League Player of the Season award after netting eight goals and six assists - including two in PSG’s 5-0 final victory over Inter Milan.
Dembele is currently the clear favourite for the Ballon d’Or at 2/7.

Yamal’s Star Shines Brightly
What an incredible couple of seasons it has been for Yamal.
The 18-year-old winger played a vital role in Barcelona’s domestic treble, lifting La Liga, the Copa del Rey and the Supercopa de Espana.
He claimed La Liga’s Player of the Month award in September and earned a place in both the La Liga and Champions League Teams of the Season.
On the international stage, he scored twice for Spain in their 5-4 victory over France in the Nations League semi-final, though they went on to lose the final to Portugal on penalties.
No surprise that Yamal is second favourite in the market at 2/1.

Raphinha In Running For Reward
Raphinha played a key role in Barcelona’s treble-winning 2024/25 campaign, lifting La Liga, the Copa del Rey and the Supercopa de Espana.
He registered 18 goals and 11 assists, performances that earned him the La Liga Player of the Season award.
The 28-year-old Brazilian, who joined Barca from Leeds United in 2022, also finished as joint-top scorer in the Champions League with 13 goals in 14 appearances, including a hat-trick in a 4-1 victory over Bayern Munich.
Raphinha is now 12/1 to be awarded the Ballon d’Or having been 20/1 over the weekend.

Salah Can Celebrate Superb Season
Mohamed Salah was instrumental in guiding Liverpool to their 20th English league title in the 2024/25 campaign.
The Egyptian forward racked up 29 goals and 18 assists, giving him 47 Premier League goal involvements - equalling the record for a 38-game season.
His tally secured him the Golden Boot for the fourth time, a feat matched only by Arsenal great Thierry Henry.
Salah was also crowned Premier League Player of the Year for the second time.
He found the net three times in the Champions League before Liverpool were knocked out in the last 16 by eventual winners PSG, and is 20/1 on betting apps.
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Vitinha Enjoys Victorious Campaign
After a phenomenally successful season, Ferreira Vitinha (20/1) finds himself in the running for this year’s prize.
The midfielder played a key role in PSG’s treble-winning season and was instrumental in Portugal’s Nations League triumph this summer.
This trophy-laden season has ensured the 25-year-old has captured the attention of pundits and supporters alike.
Mbappe Milestones Hard To Ignore
Kylian Mbappe (50/1) capped his debut season in Spain as La Liga’s leading scorer, finishing with 31 goals.
Mbappe’s haul came across 34 appearances and featured hat-tricks against both Valladolid and Barcelona, as well as a treble in the Champions League knockout play-off that sent Manchester City packing.
At 26, he also became just the third player to reach 50 goals for France, a milestone achieved in June as he helped his nation secure third place in the Nations League.
Elsewhere, Nuno Mendes, Khvicha Kvaratskhelia and Cole Palmer are also 50/1.
Who do you think will win this year's Ballon d'Or? Comment below.