Copa América 2024 Odds and Betting Lines

If you’re a soccer fan in Canada, the Copa América is undoubtedly the most prominent international soccer tournament to anticipate in 2024. The competition will begin on June 20th in the United States, with Canada among the participating countries. 

Notably, this year’s edition will feature both South American and North American teams, which is why it draws much attention. Our interest in the guide is to analyze current Copa América 2024 odds to find out how the teams are expected to perform. You’ll find the insights valuable if you’re a bettor who wants to wager on the upcoming games. 

To ensure accurate details, we scouted the top sportsbooks in Canada to get the odds of teams winning the Copa América trophy and qualifying from their respective groups. Additionally, we’ve inspected the player ratings to pinpoint those who are likely to put on impressive performances and score the most goals. Find out more details you read on.

Odds to win Copa América 2024

The 2024 Copa América promises a tight race to the title with top teams like Argentina, Brazil, and Uruguay competition. After hours of extensive research, here are the odds for the different participating countries to win the trophy: 

Copa América 2024 group odds

Like other international soccer competitions, the Copa América starts with the group stage. You can bet on the teams you expect to win or qualify from the groups, and it’s a relatively simple option. Check out the odds for each of the 16 teams for the four groups below:

Group A

The first group of the CONMEBOL tournament consists of Canada, Chile, Peru, and last time winners Argentina. Considering their impressive form and position as number-one on the FIFA rankings, Argentina are by far the favorites to win the group. Meanwhile, Chile is predicted to qualify as runner-up ahead of Canada and Peru.

Group B

Group B has Jamaica, Venezuela, Mexico, and Ecuador. Looking at the countries’ performances recently, Mexico is the frontrunner to top the table, while Ecuador comes second. Also, Venezuela is expected to finish third and Jamaica fourth.

Group C

With Uruguay in a commanding position, Group C is one of the easiest to predict. Besides Uruguay, the United States is the next best team, before Panama and Bolivia.

Group D

Current 2024 Copa América odds highlight none other than Brazil to win Group D. At second position is Columbia, and understandably so. Meanwhile, the probability of Paraguay and Costa Rica qualifying is significantly low.

Copa América favorites

In the upcoming 2024 Copa America tournament, sixteen teams hailing from two confederations will vie for supremacy on the soccer pitch. While every team enters the fray with hopes of clinching the championship, the top soccer sportsbooks have already singled out their favorites. Their decisions are informed by factors such as the team's current form, past performances, squad strength, and managerial prowess.

In this analysis, we'll delve into the favored teams for the Copa America and examine their latest odds. We'll scrutinize each selection to understand why they're considered strong contenders for lifting the Copa America 2024 trophy. Be sure to stay tuned as we continuously update the odds to reflect any shifts in market prices.

Argentina +175

As mentioned, Argentina are the favorite to win Group A. Additionally, La Albiceleste are the top contenders to lift the trophy after the final. For emphasis, the team has only lost two matches since winning the last Copa América in 2021. The first was the upset by Saudi Arabia before their World Cup triumph, and the second was against Uruguay. Besides the two defeats, Argentina has won the majority of their matches.  

Going into the Copa América tournament, Argentina has many expert players to bank on. Of course, there’s the ever-mesmerizing Lionel Messi and the talented Angel Di Maria. Other youngsters like Enzo Fernandez, Julian Alvarez, and Paulo Dybala also have a lot to deliver. 

La Albiceleste will kick off their campaign against Canada at the Mercedes Benz Stadium in Atlanta. Their second match will involve Chile at MetLife Stadium in New Jersey, while the last is against Peru at Hard Rock Stadium in Miami.

Brazil +225

It’s impossible to rule out Brazil as potential champions for each Copa América edition. The country is always packed with talents regardless of the year. They lost the Copa América final against Argentina in the last edition, so the team will aim to grab the trophy this time. Looking at the recent soccer odds, Brazil has a fair chance. 

Brazil records a balance between wins and losses in their previous 10 games. Specifically, they’ve won four, drew two, and lost four. However, their chance of qualifying from the group stage is solidified since they play against much weaker opponents. 

Following the schedule, Brazil will first play Costa Rica at the SoFi Stadium in California and then Paraguay at the Allegiant Stadium in Las Vegas. Finally, and in what will be the most anticipated Group D fixture, the team will go head-to-head with Columbia at Levi's Stadium in Santa Clara.

Uraguay +500

The third favorite to lift the Copa América trophy in 2024 is Uruguay—the last team to have won against current champions Argentina. Based on our research, the team is doing impressively, with 70% of wins in their previous 10 games. For emphasis, Uruguay had only lost one match, while the other two were a draw. 

Copa América 2024 odds show that Uruguay has a lesser chance than Argentina and Brazil. Nevertheless, predictions highlight the team to make the semi finals at least. To do that, they have to first play Panama at the Hard Rock Stadium and next Bolivia at MetLife Stadium. Uruguay’s final group stage match will be against the hosts, the United States, at Arrowhead Stadium in Kansas City.

USMNT +1300

As the odds reflect, the USMNT has a minimal chance of winning the Copa América in 2024. That said, there’s no argument that being the host country gives them an advantage, especially in day-to-day fixtures. If they qualify from Group C and reach the knockouts, fan support can make situations a lot simpler for the team. 

Regarding current form, the United States has six wins, one draw, and three losses in their previous 10 matches. They’ll play their first match in Texas at the AT&T Stadium against Bolivia. The second will involve Panama in Georgia at the Mercedes Benz Stadium, while the last is against Uruguay at the Arrowhead Stadium.

Copa América longshot

Canada: +6600

Betting on a long shot is often high risk but can result in substantial payouts if an upset happens. If you’re considering such a wager, you may want to place your money on Canada. Indeed, the side has a low probability of winning with +6600 odds. However, the Canada Men’s National Soccer Team has an impressive squad that can switch things up. 

In their last 10 games, Canada has won four, drew three, and lost three. It’s not the best, but it’s also not much different from the record of a top team like Brazil. As mentioned, Canada has an impressive squad featuring the likes of Alphonso Davies and Jonathan David. There’s a high probability that Argentina will beat Canada in the opening match. So, the team will have to subsequently chase victories against Chile and Peru if they want to qualify from the group stage.

Copa América's top scorer odds

The Copa América will feature some of the world’s best forwards and strikers, all hungry for goals for their respective teams. You can bet on the player you predict will win the top scorer award at the end of the competition, and the odds are relatively profitable. Find them below:

Golden Boot winners - Last 5 tournaments (2011 - 2021)

Other Copa América 2024 betting markets

Let’s look at other interesting bet types you can go with when wagering on Copa América fixtures: 

• 1x2 Bet: This is the most popular bet type where you pick one country to win or the match to end in a draw. 1 represents a home win, X means a draw, and 2 indicates an away win.
• Over/Under Goals: With this option, you bet on whether the number of goals will be above a set number. If it’s 1.5, for example, betting over means you expect goals to be up to 2, while under implies goals to at most 1. The bet type is also called Totals.
• Both Teams To Score: Here, you predict whether both teams will find the back of the net or not. Hence, it’s a simple Yes or No betting market.
• Asian Handicap: When one team is much stronger than the other, you can apply a handicap to level the playing field. Essentially, it gives the weaker team goals advantage over the favorites, implying that the latter has to win with more points.
• Double Chance: If you want a safe alternative to the 1x2 market, consider the Double Chance option. It lets you bet on one team to win or draw or on any side to win without a draw result.
• Draw No Bet: This bet type is straightforward. You pick one team to win, and if the game finishes in a tie, you’ll receive your money back from the sportsbook.
• Halftime Score: For this option, you bet on the exact scoreline of a Copa América match after the first 45 minutes.
• Correct Result: Here, you bet on the scoreline of the match at either half-time or full-time. So, it’s a broader option if you don’t go with the Halftime Score market.
• Player Bets: Also known as props, player bets allow you to bet on specific results that involve a player. So, your prediction may have nothing to do with the final outcome after 90 minutes. As an example, you can bet on a player to score, get a card, or get sent off.

Feel free to use our Copa America picks to make these bets. It is one of the best ways to get value for your bets.

Copa América previous winners - last five tournaments

Argentina and Chile stand as the most successful teams in Copa America history, each boasting an impressive fifteen titles to their name. Following closely behind is Brazil, with a total of nine titles under their belt.

How to read Copa América 2024 odds

Sportsbooks in Canada feature various odd rates for Copa América and other sports events. If you want to bet, it’s crucial you understand how to read each one. We’ve explained the most essential ones below: 

• Decimal odds: This is the most popular format, and as the name says, the odds are presented in decimals. Examples are 1.5, 4.0, 6.8, and so on. Typically, higher rates indicate a lesser chance of winning. To know your payout, you multiply your stake by the odd value.
• Fractional odds: Also known as British odds, the rates for this format are displayed as fractions. An example is 8/3, and the first number represents the potential payout, while the second is the wager. Hence, 8/3 implies that you can win $8 for every $3 bet.
• American odds: As a Canadian bettor, you’re likely used to this format that uses positive and negative signs—like +150 and -150, for example. A positive +150 value means you’ll win $150 for each $100 bet. Conversely, a negative -150 value indicates you’ll get $100 for each $150 bet.

How to calculate winnings

Generally, betting sites allow you to submit a single slip by wagering on only one event or an accumulator (parlay or combination) with several games. The same applies when betting on Copa América 2024 odds. If you’re wondering how to calculate winnings, it’s simple, and we’ve explained it below for both slip types. 

• Single bets: All you have to do is multiply the odds on the sole event by your stake. So, you’ll have Bet x Odds = Winnings.
• Combination bets:  For this option, you multiply your stake by all the odds in the accumulator slip. That is Bet x Odds 1 x Odds 2 x Odds 3…and so on.

Top sportsbooks for your Copa América bets

Several bookmakers offer Coper American betting services. However, for a seamless experience, you need an ideal betting site. When selecting, pick a bookie with the best Copa America coverage.

Ensure it has all the matches that will take place in Mercedes Benz Stadium, SoFi Stadium, NRG Stadium, and MetLife Stadium in East Rutherford. Besides, it would be best if you only opted for bookmakers with diverse Copa America markets and competitive odds.

Finally, confirm the availability of betting features. The betting site should have a bet builder, cash-out, live-streaming options and a dedicated sports betting app. These functionalities will help you perform activities that would be impossible otherwise.

Copa América 2024 betting offers and bonuses

We always recommend registering with quality sportsbooks in Canada for betting. One of the top perks of doing so is that you get access to rewards, bonuses and promotions, including: 

• Welcome bonus: When you sign up as a new bettor, you become eligible for the welcome offer. Most sites offer a percentage match up to a particular cap when you make your first deposit.
• Bonus bet: This is more or less free money the betting site offers to wager on matches. You can get them for specific Copa América fixtures, although you may need an initial bet to unlock the bonus.
• Reload bonus: With reloads, you get a percentage match for other deposits you make on the betting site.
• Odds boost: This bonus increases the rate when betting on top matches. So, you get increased odds that result in higher payouts if your bet wins. Such a bonus will usually be available for the Copa América final.
• Cashback: Lastly, you can anticipate cashback promotions that reward a portion of your lost bets. The idea is that you don’t suffer a complete loss if your predictions are incorrect.

Copa América 2024 betting strategy

Results while betting always depend on chance since it’s a gamble. That said, you can improve your odds of winning by applying workable strategies while wagering. In that view, here are some expert tips we advise: 

Find the best odds

At the start, ensure you’re wagering on the best available Copa América 2024 odds. While it may not be apparent, different sportsbooks have varying odd margins and payout rates. You’ll want to find the most valuable platforms so you get more from your bets. Finding competitive odds doesn’t have to be complicated. There are many betting calculators online that you can leverage to calculate the margins and payout rates. However, ensure you only consider legit and licensed betting sites in Canada.  

Review available promo codes and bonuses

The betting experience is much more enjoyable when you have bonuses to leverage. Therefore, ensure you check the sportsbooks betting offers for the tournament. You can target welcome packages, reloads, cashbacks, odds boosts, and free bets specific to Copa América matches. But don’t focus solely on the surface value. Instead, dig into the terms and conditions to know if the bonus is worth claiming. 

Eliminate emotions while betting

Many Canadian soccer fans support famous stars like Messi, Neymar, Di Maria, and Vinicius Jr. So, it’s understandable why a bettor would want their favourite team to win. Additionally, since Canada is participating, you may want to bet on the national team to illustrate your support. However, such preferences have no place in real-money sports betting. You should only wager following extensive research and analysis and not based on emotions.

Place more card-related bets

Soccer in South America is renowned for its highly physical nature. That’s why many fixtures end up with a notable number of fouls and cards. For example, Argentina and Brazil recorded 41 fouls and nine cards in the 2021 final at the Maracana. Hence, you may want to consider placing prop and total bets that involve cards and fouls since they occur relatively frequently. 

Stay updated on Copa América news 

As the Copa América kicks off, you’ll expect regular updates from the camps of respective teams. For instance, there may be knee injury news for top players, fatigue, squad rotation, or tactics changes. It’s worth following these events and getting as much information as possible. Then, use them to guide your bets while the tournament progresses.

Copa América odds FAQs