2026 World Cup Odds: Spain, France the Co-Favorites

There is a logjam at the top featuring most of the usual suspects. World Cup odds show France and Spain as the betting favorites, with England and Brazil firmly in the mix.

Coming off their victory last year at Euro 2024, Spain have joined co-favorites France, Brazil, and England with the shortest odds. Other results from last year's Copa America and the European Championships did little to change the World Cup odds. 

The 2026 World Cup gets underway on June 11, 2026, and will include 48 teams for the first time.

🏆 World Cup odds

Here is a look at updated World Cup odds.

⚽ World Cup betting favorites

🇪🇸 Spain (+600)

Spain are the champions of Europe after making sure that England didn't take it home last year. In doing so they became the first team to win all of their group stage and knockout matches twice in the history of the tournament.

They crumbled at the 2022 World Cup while producing maybe the worst penalty-shootout performance of all time, with Morocco eliminating them from the tournament.

Spain are perennial contenders in these events. They most recently won the World Cup in 2010, which they sandwiched with Euro glory in 2008 and 2012.

There's a ton of young talent in the Spanish pipeline, and they'll once again prove to be a tough challenge for the rest of the field. 

🇫🇷 France (+600)

France were one of the favorites for the Euro last year. Despite not living up to their billing, they've held firm as a co-favorite to capture the 2026 World Cup.

The eventual champs bounced Les Bleus in the semifinals, but they never looked right on the attack all tournament. While the official scoresheet will say they potted four goals, two were own goals from their opponents and one was on a penalty kick.

However, the best striker in the world (and arguably the best player in the world) in Real Madrid's Kylian Mbappe leads France, a team stacked with talent. Most of their top players are still relatively young, which is extremely important when looking ahead to a tournament just under two years away.

🇧🇷 Brazil (+650)

It's almost surprising to see Brazil sitting in this spot following their showing at Copa America last year. 

Don't get me wrong, Brazil boasts pedigree on the world stage, with a record five World Cup wins. But this isn't your parents' Brazil team. Ahead of this year's Copa, national hero and legend Ronaldinho said "I'm not going to watch any of the games. Everything is missing, determination, joy, not playing well. I’m not even going to watch one game.”  

The Canarinha responded in kind by going 1-2-0 in the group stage and being bounced in the opening knockout round. This team is flat, and there are some issues that will need to be sorted before heading back to the biggest world stage. 

🗺️ World Cup team to watch

🇦🇷 Argentina (+900)

The reigning champs aren't very far down the oddsboard, but they're being priced outside the top tier still at Caesars. 

Argentina will almost surely be without Lionel Messi in 2026, although he hasn't officially announced his retirement from international soccer yet.

However, the team proved its depth beyond him while winning Copa America on the heels of outstanding performances from Golden Boot winner Lautaro Martinez, who didn't even need to start most games. 

World Cup 2026 odds over time

World Cup betting history

How to read World Cup odds

Reading World Cup odds is straightforward. Odds are usually presented in a format like +500 or -200. Positive odds (e.g., +500) show how much profit you’d make on a $100 bet. For example, a $100 bet at +500 odds would win you $500, plus your original $100 stake, totaling $600. Negative odds (e.g., -200) indicate how much you need to bet to win $100. So, a $200 bet at -200 odds would win you $100, plus your $200 stake, totaling $300.

These odds also reflect the probability of a team winning the championship. Lower odds (e.g., +300) suggest a higher likelihood, while higher odds (e.g., +2000) indicate a lower probability. Sportsbooks adjust these odds based on factors like team performance, injuries, trades, and betting patterns.

For example, if Spain are getting +500 odds and Italy are at +700, Spain are considered more likely to win. If you bet $100 on Spain and they win, you’d get $600 back ($500 profit + $100 stake). Understanding these odds helps you make informed betting decisions and assess potential returns.

World Cup odds FAQ

Who is the favorite to win the World Cup?

France (+600), Spain (+600), and Brazil (+650) are the three leading favorites to win the 2026 World Cup.

Who won the last World Cup?

Lionel Messi and Argentina won the World Cup three years ago in Qatar.

Where is the 2026 World Cup?

Canada, Mexico, and the United States will host the 2026 World Cup, with 16 cities holding matches.

When is the 2026 World Cup?

The 2026 World Cup is set to run from June 11, 2026, until July 19, 2026.

How to bet on the 2026 World Cup?

All of our best sportsbooks are expected to feature odds for the tournament. You'll be able to bet on the outright champion, as well as on group winners and specific matches throughout the event.  

Check out our best World Cup betting sites.

Soccer betting odds pages

Here are our best World Cup betting sites:

• Caesars Promo Code: SBRBONUSDYW | Read our Caesars Review
• BetMGM Bonus Code: SBRBONUS | Read our BetMGM Review
• bet365 Bonus Code: SBRBONUS | Read our bet365 Review
• FanDuel Promo Code | Read our FanDuel Review
• DraftKings Promo Code | Read our DraftKings Review

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* Bonuses not applicable in Ontario.

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• Best Sports Betting Sites | Best Sportsbook Promos (U.S. only)