Bayern Munich enter the 2026-27 DFB-Pokal as the consensus favorite at 43.5% implied probability, reflecting their record 21 titles, recent 3-0 final win over Stuttgart, and squad depth under Vincent Kompany. Borussia Dortmund (14.7%), RB Leipzig (10.8%), and Bayer Leverkusen (10.4%) trail as the next tier of contenders, supported by strong Bundesliga starts where Dortmund leads the table after four matchweeks. The single-elimination format and second-round fixtures against lower-league sides create room for upsets, while form, home advantage, and rotation decisions for top clubs influence progression odds. Trader pricing captures this balance between Bayern’s historical edge and the broader field’s knockout potential.