Copa America 2024 Favourites - Outright Winner Betting Preview

For the second time in the tournament’s history, the Copa America will be taking place in the U.S.A. this summer. The Copa America used to be a tournament exclusively contested by South American teams, though they’ve open their doors in recent years to countries from elsewhere in the world.

There are a couple of North and Central American contenders for this edition of the tourney, but the Copa 2024 favourites have to be one of the super teams from South America. Check out our full breakdown of all the favourites and their Copa 2024 winner odds.

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Copa America 2024 Favourites

The Copa America will be co-organized by CONMEBOL, the South American football governing body, and CONCACAF, the North, South, and Central American football governing body. South America is the only continent that can match Europe in terms of footballing talent, so it’s no surprise that they dominate the top of the Copa 2024 winner odds table. The tournament will run from June 20 to July 14, with the final taking place at Hard Rock Stadium in Miami, Florida.

Copa America 2024 Winner Odds

Predictably, the top four teams with the shortest odds to win the Copa 2024 final are all from South America, though Mexico is no slouch either, checking in at No. 5. The nation with the shortest odds is Argentina, which makes total sense considering they are the No. 1 ranked team by FIFA, and La Albiceleste are coming off of back-to-back Copa and World Cup victories at their last two major tournaments.

Team BetPlays CanadaSports Interaction
Argentina+174 +175
Brazil+223 +200
Uruguay+499 +600
Colombia+1,160 +900
Mexico+1,132 +1,400
USA+1,222 +1,400
Ecuador+1,611+1,600

Copa 2024 Betting Favourites

There are really only three teams in with a real shout to win this one unless we see some real shockers, so let’s take a look at the top three and what their current rosters are bringing to the table for them.

Argentina

La Albiceleste are the Copa 2024 favourites for good reason: they’ve got a boatload of talent even without Messi, and lots of players on this team were key cogs in the nation’s 2022 World Cup triumph and their 2021 Copa victory.

Up top they have a ton of scoring power with Julian Alvarez, Alejandro Garnacho, and Lautaro Martinez, all of whom play for top European clubs. However, they’ve also got one of the best keepers in the world in Emiliano Martinez, and some solid midfield strength in Alexis Mac Alister and Enzo Fernandez. The only worry is at the back, where they only had two defenders under 30 years old with double-digit caps at their last match in late March against Costa Rica.

Brazil

The only truly serious challengers for the crown in Miami this summer, Brazil won five of nine Copas from 1997 to 2019, and they lost 1-0 in the final at the 2021 edition. They’ve got a great international pedigree, and they’ve probably got more talent than any other country in the world right now.

In goal, they have arguably the two best keepers in the world in Alisson and Ederson, and at the back they have an excellent mix of youth, with Gabriel, Militao, and Emerson Royal, and experience, with captain Marquinhos as well as Danilo. In the midfield, they’re not as talented, but they’re a lot tougher, with Douglas Luiz and Joelinton pummelling the opposition while Lucas Paqueta gets things sorted ahead of them.

At the top of the pitch, nothing more needs to be said than the names of these world-class players, some of whom might not even see the pitch because of this insane depth: Arsenal’s Gabriel Martinelli and Gabriel Jesus, Al-Hilal’s Neymar, Real Madrid’s Vinicius Jr. and Rodrygo, Barcelona’s Raphinha, and Tottenham’s Richarlison. Good luck to anyone trying to stop that.

Uruguay

Though a long shot, La Celeste are the only team apart from Brazil and Argentina with a legit shot at winning this thing. However, even they don’t have much of a shot. They haven’t won the Copa since 2011, and they hadn’t won since 1995 before that. They haven’t exactly had glowing results since 2011 either, failing to advance past the quarter-finals in the last four straight Copas and past three World Cups.

They do have a ton of solid experience in the center of the park, with a quartet of sub-30 midfielders that already have 40+ caps to their names, but other than that, the roster leaves much to be desired. Up front, they do have a lethal weapon in Liverpool’s Darwin Nunez, but he won’t have much other support apart from a possible appearance from wily 37-year-old Luis Suarez, who last played for Uruguay more recently than you might think, in November 2023.

Past Copa America Winners

The Copa America is a (usually) quadrennial international football tournament that is the top international men’s football competition for South American national teams, though they have opened up admission to more and more non-South American teams, with Asian and North American teams often receiving invites over the past 30 years.

The tournament has been held a total of 47 times since its inception in 1947, with all of the 10 CONMEBOL national teams having won the trophy at least once, with the exceptions of Ecuador and Venezuela. Argentina and Uruguay have won the most often, with 15 titles apiece. Here are the 10 most recent Copa America winners.

Year

Tournament Winner

Runner-Up

2021

Argentina

Brazil

2019

Brazil

Peru

2016

Chile

Argentina

2015

Chile

Argentina

2011

Uruguay

Paraguay

2007

Brazil

Argentina

2004

Brazil

Argentina

2001

Colombia

Mexico

1999

Brazil

Uruguay

1997

Brazil

Bolivia

Who Will Win Copa 2024: Our Copa 2024 Predictions

The simple answer here for those looking to do some Copa America betting is Argentina or Brazil. Those two sides are far and away more talented than the rest of the field, it’s not even funny, which is why they are the Copa 2024 favourites. And it’s not like one of the other second tier South American nations has the home field advantage, as the mediocre Americans will host the event.

We love the young, speedy attack of the Seleção Canarinha with Vinicius Jr., Richarlison, Rodrygo, Raphinha, and Lucas Paqueta; that’s about as big a handful of elite attacking talent as you’re going to find.

On the Argentinian side, of their 14 Copa titles prior to 2021’s triumph, only four were not part of back-to-back or back-to-back-to-back title stretches. That means that when Argentina is good, they’re good for a couple of tournaments and are seemingly due for another back-to-back Copa run after their win in 2021.

However, Messi’s first absence from a major national tournament for Argentina in what seems like forever will not go unnoticed, and without the GOAT, the Argentinians won’t be able to keep up with Vinicius and company. Not only is Brazil a better side this time around, but they offer more value for soccer betting, with +233 odds to win it all at BetPlays. Don’t be surprised to see these two sides duking it out in the Copa 2024 final.

How to Bet On Copa 2024 Winner Odds

One of the most popular betting markets for any international soccer tournament is the outright winner market, which is a futures bet on who will win the entire tournament, rather than betting on a team to win one game within the competition. This is a great market for a few reasons.

One, is that it’s usually the first betting market for which sportsbooks start offering odds, as most betting sites already have outright winner odds tables available for the 2024 Copa while far fewer have already started offering odds for the first batch of actual games. This allows sharp bettors to get in early on the sides they feel good about before odds begin fluctuating.

Another reason is because it allows you to bet on favorites with much more enticing odds. Throughout the tournament, you probably won’t find Argentina or Brazil offering plus (+) odds to win in any single game (unless they play each other), but you can bet on either of them to win with plus odds on the outright winner betting markets right now.

Bettors will also love the outright Copa winner market because, depending on who they bet on, their bet will stay alive for much longer. This allows bettors to follow along with their wager as they move through the tournament, keeping their action alive for longer. An outright winner bet might also keep casual bettors from wasting a ton of money on a bunch of different single-game bets, therefore saving them money overall.

Strategy to Bet on Copa 2024 Winner Odds

The strategy to have a successful betting campaign on the outright winner market for Copa 2024 is to make sure to examine all possible factors before making a final decision and locking in a bet. Here are a few aspects that bettors should be considering:

  • Stats: An important part of betting is looking at the stats and numbers to try and find trends or patterns that can inform your betting going into the tournament. Some teams do better in certain situations, while others may thrive in those same situations. Something of a “one national team’s trash is another national team’s treasure” type of deal.
  • Odds: There is nothing more important in betting than odds, as they determine how much money you can win, and isn’t that the whole point at the end of the day? Teams with shorter odds are more likely to win (minus odds, or smaller number next to the plus), while teams with larger odds (larger numbers next to the plus) are more likely not to come out on top. Underdogs have definitely won the tournament before and would be good bets for single games in the right situation, but they very rarely go on to win the whole thing.
  • Recent Form: How this squad has been playing of late, both together on international duty as well as individually at club level, is absolutely crucial as well. If a squad hasn’t played together for a while, have had bad results recently, or have had little time to acclimate to one another, those teams should be avoided. Teams with recent success and loads of experience playing alongside one another are the best teams to look at.
  • Injury Concerns: Finally, injuries play a huge part in betting on outright winner markets, as these bets are often placed weeks before the start of the event, which allows time for star players to pick up injuries in the interim. Be sure to keep a close eye on any injury news for the team you’d like to bet on, and try to stay away from any teams that rely on injury prone stars.

Betting on Underdogs at Copa 2024

Betting on an underdog at the Copa America would essentially mean betting on any nation other than Argentina and Brazil. Uruguay and Colombia are the only so-called ‘underdog’ teams we would consider for an outright winner bet, as they experience success at the international level regularly and are probably the third and fourth-most talented squads behind Brazil and Argentina.

Apart from Chile’s shocking back-to-back Copa America triumphs in 2015 and 2016 thanks to two separate penalty shootout wins over Argentina, the Holy Trinity of Brazil, Argentina, and Uruguay pretty much wins every time the Copa is contested: the three have combined to win 39 of the 47 tournaments, and of those other eight, six were won by the host nation. Brazil and Argentina have combined to win nine of the last 14 Copas, and we expect that trend to continue in the U.S.A. this summer.

Other Popular Copa America Betting Markets

There’s a lot more to bet on at the Copa America than just the tournament winner! Here are a few other popular betting markets worth considering this summer:

  • Top Goalscorer: Similar to the outright winner, this is a futures bet that will not pay out until the tournament is done. It’s a bet on who will score the most goals in the tournament, and with so many suspects, you can usually find very lucrative odds on the favorites in this market.
  • Moneyline: As simple as it gets, one of the best ways to bet on a match is still the moneyline, especially if you have a good feeling about a particular matchup in the group stage. Another great way to bet the moneyline is wait for the game to start and the favorite’s odds to grow before placing a live moneyline bet. Betting on a favorite after they’ve conceded an early goal is one of the best, if also one of the simplest, soccer betting strategies you’re going to hear about, so you’re welcome.
  • Total Goals: This is also a very popular bet because there are lots of stats on each team’s recent goal-scoring and defending form to gauge. If you can find patterns concerning when a team scores a lot or when it concedes a lot, you can find value on total goals prop bets more often than not.

Top Betting Sites to Bet on Copa 2024 Winner Odds

With the legalization of sports betting seemingly taking the world by storm over the past few years, especially in North America, you will find no shortage of betting sites and sportsbooks at which to do your soccer betting or, more specifically, your Copa America betting.

However, not all sportsbooks are created equal. There are some sites that are better for some sports than others, while still others are much more likely to offer you a lucrative odds boost, free bet, or deposit bonus when you bet on soccer and the Copa America with them. With that in mind, here are our most highly recommended betting sites for the Copa this summer:

Alex is a recent graduate of Ryerson's Sport Media program in 2019 and has been contributing to BettingTop10 since 2020. He has worked in the field of sports and sports betting for several years, including writing for theScore and daily fantasy sports website FantasyPros as one of their lead NBA news writers. A dedicated sports fan and experienced sports bettor, Alex has the knowledge to provide you with the best betting advice and the sneakiest props no matter what the sport may be.