The 2026/27 UEFA Conference League league phase, featuring 36 teams in a Swiss-format table that begins matchday 1 on 15 October, remains wide open for second place with no competitive matches yet played. Brighton, Atalanta, Monaco, SC Freiburg, and Sporting Braga head the implied probabilities among a deep group that also includes Ajax, Getafe, Midtjylland, and several Danish, Swiss, and Eastern European sides, reflecting comparable squad depth, recent domestic form, and European pedigree across the field. The extended schedule through December, combined with variable home/away splits and potential for rotation or injuries, keeps outcomes tightly bunched as traders price in the format’s emphasis on consistency over 6 matchdays rather than any single standout.