World Cup 2026 Odds: Spain Tops Board as England, France Vie for 2nd

Grant Mitchell - News Editor
Grant Mitchell • News Editor 5+ years betting experience
Updated: Apr 1, 2026 , 01:20 PM ET • 4 min read

South American giants Argentina and Brazil sit just below the top tier of contenders, while Italy is off the board after failing to qualify for a third straight time.

Photo By - Reuters Connect. Lamine Yamal of Spain controls the ball during a friendly match between Spain and Egypt at RCDE Stadium in Barcelona, Spain, on March 31, 2026. Photo by Felipe Mondino / Sipa USA

Spain is the outright leader in World Cup 2026 odds now that the field for the once-every-four-years tournament has been finalized.

Key Takeaways

  • Lamine Yamal’s persistent groin issues appear to be behind him as Spain remains the favorite.

  • England went unbeaten in World Cup qualifying but hasn’t won the World Cup since 1966.

  • Norway is one of the top challengers in what will be the country’s first World Cup appearance since 1998.
Team FanDuel Caesars BetMGM Hard Rock Bet
Spain +440 +400 +450 +425
England +500 +625 +650 +575
France +600 +600 +550 +600
Argentina +750 +850 +800 +700
Brazil +750 +800 +800 +750
Portugal +1,100 +1,200 +1,000 +1,000
Germany +1,100 +1,200 +1,200 +1,200
Netherlands +1,900 +1,200 +2,000 +2,000
Norway +2,200 +3,000 +2,500 +2,500
Belgium +3,000 +3,500 +3,300 +4,000

Online sportsbooks unanimously believe that reigning European champion Spain is in pole position to take home the World Cup trophy. La Roja were eliminated in the Round of 16 in 2022, but that team did not include 18-year-old Lamine Yamal, who has already become one of the best players in the world.

There’s disagreement over who the top challenger is to the World Cup odds favorite. FanDuel lists England next at +500, while Caesars, BetMGM, and Hard Rock Bet positioned France in second.

Germany native Thomas Tuchel has led England to a record of nine wins, two losses, and one draw during his time in charge of the national team, including a perfect record of 8-0-0 in World Cup qualifying. The Three Lions are as low as +500 as they aim to become the second English side and the first since 1966 to win the World Cup.

France, as low as +550, took home the 2018 World Cup and finished as runner-up in 2022. Kylian Mbappe netted a hat-trick and converted a penalty in a shootout in the final, but Lionel Messi’s Argentina still came out on top. 

Notably, France was the favorite to win the most recent World Cup and European Championship. Head coach Didier Deschamps will be replaced by legendary player and manager Zinedine Zidane following the conclusion of the tournament.

Defending champion Argentina and its top rival, Brazil, are effectively tied for fourth in odds. Argentina has more variance, ranging from +700 to +850, while Brazil is listed at either +750 or +800 at the major sportsbooks. 

While Argentina climbed the mountain top four years ago, Brazil hasn’t finished better than fourth place since it won the tournament in 2002.

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The challengers

Portugal, Germany, and the Netherlands all have odds ranging from +1,000 to +2,000. Caesars has the three groups tied at +1,200, although the other sportsbooks have Portugal and Germany noticeably ahead.

Cristiano Ronaldo and the Portuguese team were booted out of the most recent World Cup and Euros after losses in the quarterfinal to Morocco and France, respectively. Germany also lost in the quarterfinal of the Euros as the host nation, although that was still better than when it finished behind Japan and Spain and failed to make it out of its World Cup 2022 group. 

The Netherlands reached the Euro 2024 semifinal despite finishing third in its qualifying group, and fell to Argentina in the quarterfinal of the last World Cup. They went unbeaten in World Cup qualifying and ended Norway’s 13-match unbeaten run in March.

Italy misses out again

As recently as last month, Italy was listed in the top 10 in World Cup odds at around +3,000. However, the four-time champion won’t make the trip to North America this summer after it lost in a penalty shootout to Bosnia and Herzegovina in the playoff final.

This marks the third straight World Cup from which the Italians have been absent. Their most recent taste of glory came when they won the 2020 European Championship, although they were eliminated in the Round of 16 in 2024.

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Grant Mitchell - News Editor
News Editor

Grant jumped into the sports betting industry as soon as he graduated from Virginia Tech in 2021. His fingerprints can be found all over the sports betting ecosystem, including his constant delivery of breaking industry news. He also specializes in finding the best bets for a variety of sports thanks to his analytical approach to sports and sports betting.

Before joining Covers, Grant worked for a variety of reputable publications, led by Forbes.

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