Copa America 2024 Betting: All-In-One Guide

Copa America 2024 BettingCopa America is one of soccer’s biggest tournaments. Featuring the top teams and players from South America, this can’t-miss event is a thrilling spectacle. Those interested in wagering on Copa America betting sites will find all the information they need here. With South America’s biggest tournament on the horizon, we’ll give the breakdown of the crucial information you need to know to start winning big on this thrilling occasion.

Best Copa America Betting Sites

How to Bet on Copa America 2024

Copa America is a tournament that is played every several years and brings unparalleled thrills and excitement. It features the top squads from South America, as well as several teams from North America and Central America, vying for supremacy. Copa America 2024 is nearly upon us, and it will be based just south of the border in the United States.

There is much to know about wagering on this historic tournament. Just about all betting sites accept wagers on Copa America. But there is more to know about this spectacle than just what it is and where it is. If you want to make some money, there’s a lot to consider. Let’s weigh some information on soccer betting so you can be as informed as possible when making your Copa America wagers.

Odds

Odds are the lines that dictate the projected likelihood of an outcome and how much a bettor would make if they wagered on something. Understanding how to read these and what they mean is pivotal to making sound bets.

Odds will be displayed on every sportsbook you find. The most common type of odds on Canadian websites are American odds. American odds show bettors how much a wager of $100 would get them in profit or how much they would need to be to receive $100 in profit.

The - line shows bettors how much they would need to bet to receive a $100 profit. Typically, a favourite is represented by a – line because it pays out less. For example, Argentina might be -180 to win their match. This means that a bet of $180 would earn a bettor $100 profit.

On the other hand, the + sign indicates how much profit a bettor would receive on a $100 bet. Typically, underdogs have the + line because the payout is higher. For example, if Panama is +180, a bet of $100 would return +180 profit.

Putting it all together, let’s look at what a standard line would look like. If Argentina is playing Panama, the line might be: Argentina -200, Draw +100, Panama +180.

A crucial hint for getting the most out of odds is to shop around. Many sportsbooks have different odds from each other. So, if you are dead sure a team is going to win, find the odds on a website that are most favourable to that belief.

Most Popular Markets

Understanding the odds is only the beginning. If you want to fully understand how to wager on Copa America betting sites, you need to have a strong grasp on markets. Betting markets are the various outcomes within a game or tournament that bettors can wager on to either occur or not occur.

Bettors love different markets for varying reasons. Some are high-risk, high-reward, and accommodate bettors with a taste for risk. Others are low-risk, low-reward, and perfect for bettors who want to play it safe. But before we get into all that, let’s consider the two most common forms of wagering: a single bet and a parlay.

A single bet is a wager on a single outcome, like on one team to win or one correct score to hit. A parlay combines several bets into one. So, it is on several outcomes. For a parlay to hit, all the outcomes within it need to hit.

With that cleared up, let’s look at some of the popular markets for the Cop America tournament and consider why bettors love them.

  • Match Result: A match result bet is on one of the three possible outcomes of a game. For example, if Brazil is playing Peru, those three results are: Brazil wins, the teams draw, or Peru wins. Bettors enjoy this result because it is simple but has a big payout.
  • Tournament Bets: Tournament bets are long-term bets on the outcome of a tournament. For example, you could place a bet on Mexico being the Copa America winner. Or you could wager on Messi being the tournament’s top goalscorer. This one is exciting and normally pays out very well.
  • Double Chance: Double chance betting is when bettors wager on two of the three possible outcomes. Back to the Brazil/Peru example, a double chance bettor could wager on Peru winning and a tie, Brazil winning and a tie, or Brazil and Peru winning. The payout for this is normally quite low because bettors are covering themselves on 2/3rds of the potential outcomes.
  • Correct Score: Correct score is a high-risk, high-reward bets that tends to have a high payout. Bettors wager on what they think the correct score of the game will be and receive a substantial win if they predict it right.
  • Total Goals: Total goals are bets on the total number of goals scored in a game. Bettors can wager the over or the under on a line that highlights the projected number of goals between both teams combined. This one has a solid payout but is not quite as risky as the correct score.
  • Anytime Goalscorer: The anytime goalscorer market is another somewhat risk-averse bet. For this one, bettors wager on whether they think a team will score at all in a game. Unless you are betting that a heavy favourite won’t score, the payouts for this one are not the highest.
  • Double Result: Double result is another risky bet that can have a big payout. The double result is a wager where bettors put their money on what the correct score will be at both halftime and the end of the game. It has a massive payout because it requires gamblers to project almost the entirety of a game.

Team vs Team Betting

The 2024 Copa America tournament will feature some of the best teams from several continents. It should be a show-stopping event that attracts the attention of the world. The market that will likely be the most commonly wagered in this tournament is team vs. team betting, or match result betting.

As we mentioned before, this is the most straightforward form of wagering that there is. It is wildly popular because it allows bettors to simply focus on the outcome of the match without needing to keep any additional considerations in mind. Even though it is straightforward, there will often be major payouts.

For example, if you bet on a heavy underdog, you could cash in. If Uruguay and Jamaica are playing, Uruguay will be the heavy favourite. If Jamaica could eke out a win, it’d mean a big windfall for their bettors. In general, unless you are betting on a substantial favourite, the return from this form of betting is quite solid.

Copa America Betting Tips & Strategies

Now that we’ve covered some of the basics, it is important that you start to consider what your strategy will be. Wagering on a major tournament like this requires some high-level strategizing. It is important to be intentional with every bet you make.

If you are looking to develop your strategy before you start wagering on Copa America betting sites, below are some of the crucial tips we recommend to ensure you find success straight away.

  • Pick Multiple Winners: In a tournament like this, many are attempting to pick just one winner. But we would recommend you wager on multiple Copa America winner options. That way, if your primary team is eliminated, you can still be in the mix. We recommend you pick one favourite, one middle-of-the-pack contender, and one underdog.
  • Don’t Ignore the Draw Market: Bettors often get caught up in the competitive nature of betting and overlook the draw market. Many soccer games end in draws. Don’t be afraid to wager on this outcome because it is definitely something that happens.
  • Use Double Chance Only on Big Underdogs: Double chance bets tend to have the lowest payouts because bettors are wagering on multiple outcomes. If you are going to bet the double chance, we would recommend you only wager on big underdogs and tie. This is the only situation where it is worth it to bet double chance as opposed to just betting the favourite.
  • Enjoy Parlays Within Reason: Parlays are a blast and can provide huge opportunities to bettors. We are not recommending you steer clear of them. However, be cautious. Parlays are difficult to hit. Many bettors get caught up in the excitement of them, but it is important to remain careful.
  • Pay Attention to Groups: Groups have a big bearing on the performance of a team. Before you bet on who will win the 2024 Copa America, consider the groups. These are the teams that your pick will have to get through to make it into the knockout round. Path to this round is important, so exercise caution.

Copa America Betting Bonuses and Promotions

Bettors flock to online betting sites for a variety of reasons, but one of the biggest things that draws the average person to online wagering is bonuses and promotions. Bonuses and promotions are virtual rewards that bettors receive for wagering in specific ways. These rewards can provide a substantial boost to your wallet, so monitoring betting offers is important.

One thing to keep in mind is that many sportsbooks alter their bonuses and promotions when there are major sporting events going on, like the Copa America tournament. They will create betting offers specific to the tournament to catch the attention of sports bettors who always have an abundance of options. 

There are many different kinds of promotions that are highly common on online sports betting sites. One that you will see on just about every website is a welcome bonus. Welcome bonuses are offers bettors get for joining with a sportsbook. Typically, they are in the form of a matched deposit. An example of a welcome offer would be a 100% matched deposit of up to $200 on your first deposit. This means if you deposit $200, the betting site will match you and add $200 more to your account.

Other common bonuses you might see during the Copa America tournament are free bets and parlay boosts. Free bets are exactly what they sound like: free bets that bettors can use on Copa games. An example of a free bet offer would be that if you bet $30 on the tournament, you get a free bet of $10 on one game.

Parlay boosts are when a betting site enhances your winnings on parlay by a certain percentage, which is contingent on how many legs your parlay has. Overall, these bonuses enhance the user experience and can be found in most online sportsbooks. A word of advice- always read the terms and conditions before using a bonus offer.

Top Copa America Sportsbooks

Wagering on the 2024 Copa America tournament is how bettors can get in on the action to really have a blast. But if you are one of the gamblers looking to start betting on this thrilling tournament, you will first need to choose a sportsbook.

There are numerous excellent bookmakers out there that serve the Canadian market. Each operator brings something unique for Copa America bettors. Sports betting provides a huge array of different features and benefits. At BettingTop10CA, we analyze the options for Copa America gamblers and assess which ones are best.

Some of the factors we will consider include the sports betting markets, promotions, tournament coverage, and general user experience. Ultimately, we want to provide a balanced assessment of the betting site to ensure users have the best experience possible. Below, we’ve highlighted some sportsbooks available to Canadians that are great places to lay your bets for this thrilling sporting event.

PowerPlay

PowerPlay is a brand designed to serve the Canadian market that offers an excellent user experience. Its website looks sensational, and the Copa America markets it provides are some of the best available. It also has fun bonus offers that set it apart.

100% Bonus on First Deposit up to $500

BetPlays

betplays-white

BetPlays is an underrated sportsbook that is slowly becoming more popular in Canada. It has all the features that gamblers seek out, including substantial promotional offerings. BetPlays’ Copa America coverage is excellent, with gamblers having the ability to wager on things like the Copa America winner here.

370% Sports Bonus, 56% Free Bet, 70% Cashback

TonyBet

tonybet

TonyBet is a well-known sportsbook that is perfect for users across the country. TonyBet is fully licensed with an iGaming Ontario license, which has allowed it to grow its brand. For mobile gamblers who want to wager on Copa America from their phone, TonyBet has a great app available. 

100% up to $350

Betonic

betonic

Betonic is a website that is perfect for gamblers of all experience levels. It has the fun features advanced sports bettors typically seek out, as well as a simple, user-friendly design. Their Copa America coverage is sure to make them a favourite amongst soccer bettors, with plenty of markets to pick from. 

100% Up To C$150

Truenorth.bet

truenorthbet

Truenorth.bet is a sportsbook that is made for Canadian users. It has an array of standout features, including Fast Games, Virtual Sports, and Aviator. But what bettors will most enjoy when using this sportsbook is its easy-to-navigate website and an array of markets that have turned it into a standout. 

200% Deposit Match Up To $6,000

Copa America Betting Features

When selecting a sports betting site, arguably the most important thing that should determine your decision-making is the features. Features are the embedded aspects of a betting site that define who they are. They are part of how the website is used, and they are integral to your experience.

Finding a website that has the features you are looking for is incredibly important because features don’t typically change. So, what are the features you should emphasize when selecting a Copa America betting site? Below are some popular options that gamblers should consider.

  • Live Betting: Live betting is a feature that lets gamblers place wagers on events after they have already kicked off. So, if you don’t get to make your wager in time for the start of that big Copa America matchup, you can still bet throughout the game.
  • Live Streaming: Live streaming is a feature that allows gamblers to watch games live directly from a betting site. Live streaming is a rare feature but an exciting one. Typically, only big sportsbooks that can afford to acquire rights to events will have this option available.
  • Crypto Transactions: Cryptocurrency is hugely popular these days, and the speed of the transactions makes them incredibly convenient. Some betting sites will allow users to make deposits and withdrawals with crypto for lightning-fast betting.
  • Odds Boosts: Odds boosts are when a betting site takes a line and enhances it to be more favourable to users. For example, a betting site could take Chile’s line of -150 and enhance it to be +100 without there being any material change in the game that would warrant that shift.
  • Prop Markets: Prop markets are hugely popular. These are outcomes within a game that bettors can wager on, like will Lionel Messi score. These are not available on every betting site, but sportsbooks that offer more props will stand out to users.

Copa America 2024 Futures Betting

As we briefly touched out, futures betting is when gamblers wager on long-term outcomes within a tournament. In the example of the Copa America tournament, bettors would typically be betting on the Copa America winner or leading goalscorer.

What is fun about this market is that it will typically provide a substantial payout, and it is also wildly unpredictable. The tournament features a hugely talented group of teams, and truly, any of them can win. So, picking the winner presents a unique and exciting challenge for bettors.

Let’s consider the odds that sportsbooks have listed for the potential winners of this tournament as we march closer to the biggest soccer event in the Americas.

Copa America 2024 Winner Odds

Team

TonyBet

Truenorth.bet

Betonic

Argentina

+174

+170

+175

BrazilBrazil

+217

+220

+225

Uruguay

+513

+500

+500

Colombia

+1150

+1110

+1100

Mexico

+1165

+1100

+1100

United States

+1243

+1400

+1400

Ecuador

+1621

+1600

+1600

Past Copa America Winners

Below is a list of the previous ten teams to earn a Copa America victory. 

  • 2021: Argentina
  • 2019: Brazil
  • 2016: Chile
  • 2015: Chile
  • 2011: Uruguay
  • 2007: Brazil
  • 2004: Brazil
  • 2001: Columbia
  • 1999: Brazil
  • 1997: Brazil

Last Copa America Top Goal Scorers 

Below is a list of the previous ten top goalscorers for the Copa America tournament.

  • 2021: Lionel Messi, Luis Diaz
  • 2019: Everton, Paolo Guerrero
  • 2016: Eduardo Vargas
  • 2015: Eduardo Vargas, Paolo Guerrero
  • 2011: Paolo Guerrero
  • 2007: Robinho
  • 2004: Adriano
  • 2001: Victor Aristizabal
  • 1999: Ronaldo, Rivaldo
  • 1997: Luis Hernandez

Copa America 2024 Structure

We’ve told you plenty of details about how you can wager on the Copa America 2024 tournament. But now, let’s dive into some information about what the tournament is and how it works.

The Copa America tournament will be hosted in the United States this year. In several cities across the country, the top teams from North and South America will face off in a thrilling tournament to see who will come out on top.

The Copa America schedule has been released so fans can stop holding their breath. The tournament will kick off on June 20th and run until July 14th, with the final game being played on the 14th.

The first game will be played at the Mercedes-Benz Superdome in Atlanta, with the final game kicking off at Hard Rock Stadium in Miami. Below, we’ll break down the barebones logistics of the tournament’s structure.

Tournament 

The tournament features ten teams from CONMBEBOL, which is the South American international soccer group, and six teams from CONCACAF, which is the Central and North American soccer group. Those teams are divided into four groups of four for the tournament.

Every team in each group plays each other once in a round-robin stage. That means each team is guaranteed three games. A win gives a team three points; a draw gives them one, and a loss gives them zero. At the end of the round-robin phase, the points are tallied up. The top two teams from each group by points will move on to the playoff round.

The Playoffs

The playoff round features the top eight teams remaining in the tournament. These teams are sorted into a quarter-final bracket. At this point, games are single elimination, with a winner moves on format. There are no ties, and games can proceed to penalty kicks.

Following the quarter-final, there is a semi-final and then a final. Finally, after almost a month, a winner will be crowned. It will be a thrilling spectacle that millions tune into around the world.

The Groups

Something that defines how teams perform in international tournaments is the groups that they’re placed in. Once you are in a group, only two teams will be able to exit and make it into the knockout rounds. So, if a team is given a hugely challenging group that is loaded with talent, it might not be the best idea to wager on them on Copa America betting sites.

This year, the groups have essentially been set for the Copa America tournament, with the only thing still to be determined being the two CONCACAF playoff teams. With that said, let’s take a look at the four groups that will define this tournament.

Group A: Argentina, Peru, Chile, Canada

Group A is likely the most dangerous one in the tournament. It features the defending champions, Argentina, who are favoured to win once again. Peru and Chile are two experienced squads who have made strong runs in the tournament in the past. Canada has earned their place in this tournament, which should be incredibly exciting for millions across the nation. They will face a steep challenge in this group. This is Canada’s first time in Copa America.

Group B: Mexico, Ecuador, Venezuela, Jamaica

This group is very much up for grabs. Mexico would be considered the favourite here, but Ecuador is just as good. It also would not be a complete shock to see Venezuela or Jamaica make it to the knockout round. This group is balanced but talented and will pose a substantial difficulty to escape from.

Group C: United States, Uruguay, Panama, Bolivia

At a glance, this group seems pretty cut and dry. Uruguay and the United States are two of the top teams in the tournament. Panama and Bolivia are considered longshots. Anything can happen in this chaotic tournament, though, so don’t bank on any result quite yet. But Uruguay and the United States should be able to move on.

Group D: Brazil, Colombia, Paraguay, Costa Rica

This is another group that has a relatively clear hierarchy. Brazil and Columbia are two teams that many believe will have a good chance of winning the tournament. Paraguay and Costa Rica will not have the same expectations. But all it takes is one game to switch everything on its head, and an upset in this group is not out of the question.

Important Dates and Times

The tournament is now just mere months away, and if you are looking to mark your calendar, we are here to help. Below is a look at the top dates fans should look ahead to, with a breakdown of when everything gets started for the Copa America 2024 tournament.

Qualifying Playoffs:

March 23rd Canada v. Trinidad and Tobago, Costa Rica v. Honduras

Tournament Round-Robin:

June 20th-July 7th, 3 pm-9 pm

The first match of the round-robin will be Argentina, the defending champion, vs. the winner of Trinidad and Tobago v. Canada.

Quarter-Finals

July 4th-6th

Semi-Finals

July 9th-10th

Finals

July 14th

About the Tournament

The Copa America tournament is a massive spectacle, so let’s look at some of the core facts that bettors should be aware of when thinking about this tournament.

  • History: The Copa America is the oldest of the continental soccer tournaments. The first one that was ever played occurred in 1916.
  • Location: The tournament is being spread out this year, with 14 stadiums across the country hosting it. This should only add to the spectacle of it all. The host cities are Las Vegas, Arlington, Charlotte, Kansas City, Orlando, Miami Gardens, Santa Clara, Atlanta, East Rutherford, Houston, Austin, Inglewood, and Glendale.
  • Revenue: The Copa America tournament brings in plenty of revenue. It is a massive draw that is attractive to fans spanning the globe. In 2021, the tournament had a revenue of $449.6 million. This tournament could exceed that, with thousands of travellers arriving in the U.S.
  • Prize Fund: The team that wins the Copa America tournament is expected to earn a prize fund of $10 million. This will be a nice boost that incentivizes players and staff.

Copa America Facts

If you want to earn a substantial amount from betting on this tournament, you will need to understand its incredible history. To help you earn the maximum amount from Copa America betting sites, we have assembled some insightful facts that should help paint a picture of this event’s history.

  • 15: The number of Copa America victories by the two teams who have won the most, Argentina and Uruguay.
  • 17: The most goals scored in the tournament across tournaments, a record held by Norberto Mendez and Zizinho.
  • 0: The fewest goals conceded in a single tournament, an accomplishment by Columbia in 2001.
  • +292: Argentina’s goal differential across Copa America tournaments
  • -193: Ecuador’s goal differential across tournaments
  • 0: Times since at least 1987 that the host nation failed to make the knockout round of the tournament.
  • 9: The most goals in a single tournament by a player, accomplished by Jair, Humberto Maschio, and Javier Ambrois.

Our Predictions

Predicting the Copa America tournament is a difficult task because there are consistent upsets that shock fans and bettors. No prediction for this event is safe because anything can happen. One prediction we will make that is sure to come true is that this will be an unforgettable spectacle that captures the imaginations of fans around the world.

When considering which team will win, there are several challenges. One prediction that we believe is a sage one is that the United States will make the semi-final. The host nation has consistently performed well at this tournament, and we believe this trend will continue.

Our final prediction for the victorious nation will be Uruguay. While Argentina and Brazil both have incredible rosters, don’t underestimate this incredible Uruguayan squad, either. Sticking with that theme, we project that the Golden Boot winner for the top goalscorer in the tournament will be the dynamic Uruguayan star Darwin Nunez.

This prediction is purely based on speculation, but no matter what, this tournament should be one for the books. It is a great showcase for soccer in the Americas that will feature several of the most talented teams in the world fighting for an opportunity to etch their names into the history books.

Frequently Asked Questions

We know that not everyone is an expert on Copa America 2024 and that there may be some confusion over how this event works and what to expect. At BettingTop10CA, it is our job to clear the confusion up, and we’re here to help.

Below is a breakdown of five of the most frequently asked questions about the 2024 Copa America tournament.

The host nation is the United States. This will be a great way to see how prepared the U.S. is for the 2026 World Cup. The tournament will be played at locations around the country, with the first game in Atlanta and the final of the tournament held in Miami.

The favourite for the tournament is Argentina. This team won the last iteration of the Copa America and also triumphed in the 2022 World Cup. It is hard to bet against a team with Messi and such an experienced, dynamic supporting cast. But there are no sure things in the Copa America.

There are 16 total teams in the tournament, ten from South America and six from Central and North America. Those teams are sorted into four groups of four teams. The top two teams from each group will move on to the knockout round, so eight teams make it to that stage.

The tournament is not just for South American teams. Ten of the 16 teams that make the final tournament are South American; the rest are North or Central American. Some Asian teams have also been allowed to play in the past. However, no team outside of Central America has ever won the tournament.

The market for the top goal scorer in the tournament has yet to become available. However, it is only a matter of time. Keep your eyes peeled on the many different operators we have mentioned in this review, and in the lead-up to the tournament, you will find this market available.

Cameron is a 2020 graduate from the University of Southern California’s Journalism program. He is an avid sports fan and bettor, whose favourite teams include the Toronto Raptors, and the Chicago Bears. Cameron has been writing about and following sports since the age of 10, when he first fell in love with the NFL and NBA.