Copa América 2024 Odds and Betting Favorites: Where Do Home Team, USA Stand?

© Kiyoshi Mio-USA TODAY Sports
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  • Messi and Argentina current favorites
  • USA sixth favorite at +1400
  • Can the home team get out of ‘Group of Death’ with Uruguay?

The 48th Copa América is set to kick off on June 20 2024, and up to date Copa América 2024 odds are already available. With popular teams like Brazil, Argentina, and Uruguay competing, it’s no surprise many fans highly anticipate the competition.

Much of the attention is also due to the fact that the host nation of this year’s edition is the United States. If you want to bet on the fixtures, you need to study the Copa América 2024 odds to know which teams and players have the upper hand.

Since the tournament is popular, the odds will be featured on all main sports betting platforms. However, we’ve made it easier by presenting everything on one page. In this detailed guide, you’ll learn about the odds for Copa América teams to win the trophy and each group. Also, we’ll discuss players who are predicted to perform best in the competition. Read on to get all the details.

Copa América 2024 winner odds

From our research comparing options on different sportsbooks, below are the best odds for teams competing in the 2024 Copa América:

Team Odds
Argentina +175
Brazil +225
Uruguay +500
Mexico +1200
Colombia +1300
USA +1400
Ecuador +1800
Chile +3500
Peru +5000
Paraguay +6600
Canada +8500
Venezuela +10000
Bolivia +15000
Costa Rica +19000
Jamaica +20000
Panama +50000

Odds provided by BetMGM and FanDuel– accurate as of June 10

Copa América 2024 group odds

One of the most straightforward outright bets for the Copa América is predicting the winner of each group. The tournament consists of 16 teams divided into four groups, A to D. Check out the odds for each below to identify teams that will likely finish top of their group:

Group A

The Copa América Group A features defending champions Argentina, along with Chile, Canada, and Peru. Argentina are the favorites to win the group — and by a wide margin — considering they’re the number-one-ranked team in world soccer.

Team Group Odds Sportsbook
Argentina -400 BetMGM
Chile +600 Bet365
Peru +1100 BetMGM
Canada +1200 Bet365

Group B

Jamaica, Venezuela, Mexico, and Ecuador are the four teams in Group B. One of Mexico or Ecuador is predicted to top the group at the end of this stage. Considering recent form, Mexico has a slight upper hand.

Team Group Odds Sportsbook
Mexico +110 BetMGM
Ecuador +160 Bet365
Venezuela +550 Bet365
Jamaica +1000 BetMGM

Group C

Copa América 2024 odds for Group C highlight Uruguay to emerge in first position and USA second. It’s a straightforward prediction, as the other teams — Panama and Bolivia — are placed much lower in global soccer rankings.

Team Group Odds Sportsbook
Uruguay -138 Bet365
USA +138 Bet365
Panama +1800 BetMGM
Bolivia +2000 BetMGM

Group D

The final group of the 2024 Copa América features Brazil, and no other nation is predicted to finish above the South American country. Columbia has the second lowest odds, while Paraguay and Costa Rica rank third and fourth, respectively.

Team Group Odds Sportsbook
Brazil -250 Bet365
Columbia +275 Bet365
Paraguay +1200 BetMGM
Costa Rica +2000 BetMGM

Copa América favorites

Argentina (+175 at BetMGM sportsbook)

National Team Argentina
© Nayra Halm / Fotoarena

Recent FIFA rankings place Argentina at number #1, a spot they achieved after winning the World Cup in 2022. The country has been in impressive form since then, and their only loss in 2023 was 2-0 against Uruguay in November. Besides the defeat, Argentina has won nine of their last ten games. No draws.

Much of Argentina’s prowess on the pitch is thanks to players like Lionel Messi, Angel Di Maria, Julian Alvarez, and Paulo Dybala, who are in impressive form for their club teams. The country will play against Canada at the Mercedes Benz Stadium in Atlanta and Chile at MetLife Stadium in New Jersey. Their final group stage fixture will kick off at Hard Rock Stadium in Miami against Peru.

Brazil (+225 at Draftkings sportsbook)

Year after year, Brazil remains the most popular soccer country on the planet. The nation consistently produces top stars, so they’re always among the top contenders in every international competition. It’s no different in the 2024 Copa América. Notably, the country will look to make up for their loss in the last final.

Going into the Copa América tournament, Brazil has a somewhat balanced form. They’ve won four of their last ten games and lost the same number. The other two ended in a draw. The team will begin their quest for glory against Costa Rica at the SoFi Stadium in California before playing  Paraguay at the Allegiant Stadium in Las Vegas. The last match against Columbia at Levi’s Stadium, Santa Clara, will surely be their most difficult in the group.

Uruguay (+500 at Bet365 sportsbook)

As mentioned, Uruguay is the only team that has beaten Argentina in the past year. That puts their commendable current form into perspective. Specifically, Uruguay has won seven of their last ten games, drew two, and only lost one. While they may not be among the top 2 Copa America picks, the country is expected to reach the semi-finals.

Placed in Group C, Uruguay will compete against Panama first at the Hard Rock Stadium. Their second fixture is against Bolivia at MetLife Stadium, while the last will take place at Arrowhead Stadium in Kansas City against the United States.

USA (+1400 at FanDuel sportsbook)

The United States isn’t one of the strongest teams in the tournament, as evidenced by their Copa América 2024 odds. Nevertheless, the host nation is expected to have the home advantage for all fixtures. That can significantly tip the scales in their favor. Also, the USA isn’t doing badly currently, with six wins, one draw, and three losses in their last ten games.

Texas will host the first match of the US-Boys at the AT&T Stadium against Bolivia. Next, the hosts will face Panama in Georgia at the Mercedes Benz Stadium. Finally, as mentioned, they’ll play at Arrowhead Stadium against Uruguay.

© Kareem Elgazzark / USA TODAY NETWORK

Copa América longshot

Canada (+8500 at FanDuel sportsbook)

The probability of the Canada Men’s National Soccer Team winning the Copa América is near zero. So, backing them on any outright bet is a long shot. Nevertheless, the team is one of the few with the potential to cause an upset. Canada has won four of their last ten games, losing three and drawing three. While that’s not particularly impressive, their position as a worthwhile longshot bet stems from the squad’s quality.

For emphasis, the country boasts players like Alphonso Davies, who plays for Bayern Munich in Germany, and Jonathan David, who starts for LOSC Lille in France. These youngsters are predicted to put up impressive performances in the upcoming Copa América to help Canada chase the trophy.

Copa América top scorer odds

You can bet on Copa América 2024 odds for the player to record the most goals. It’s a relatively easy-to-predict option since the standout soccer players in the tournament are not difficult to pinpoint. Check them out along with their odds below:

Player Best Odds
Messi +300
Vinicius Junior +450
Darwin Nunez +600
Julian Alvarez +700
Rodrygo +800
Lautaro Martinez +800
Gabriel Martinelli +1400
Endrick +1800
Raphinha +2000
Jhon Cordoba +2500
Facundo Pellistri +2500
Mateo Cassierra +2500
Luis Diaz +3300
Brian Rodriguez +3300
Christian Pulisic +3300
Eduardo Vergas +4000
Federico Valverde +5000
Jordy Caicedo +5000
Timothy Weah +5000
Hirving Lozano +5000
Alexis Sanchez +6600
Gianluca Lapadula +8000
Tajon Buchanan +10000
Adam Bareiro +10000
Cyle Larin +10000
Salomon Rondon +15000
Manfred Ugalde +15000
Shamar Nicholson +20000
Leon Bailey +30000
Jose Fajardo +30000
Marcelo Moreno +50000

Odds provided by BetMGM – accurate as of June 10

Other Copa América 2024 betting markets

Bets on the tournament winner, group winner, or top scorer aren’t the only outright options at top sportsbooks. Below are others worth going for:

  • Group qualification: In this betting market, you bet on a team to reach the knockout stages. So, whether the country you predict finishes first or second is irrelevant. What matters is that they qualify for the group.
  • Semi-finalists: Teams that qualify from their groups in Copa América go straight to the quarter-finals, as there’s no round of 16. So, you can bet on the quarter-final matches on which countries will make the semis.
  • Top 2: This option involves predicting the two teams to reach the final. Going by current form and recent Copa América 2024 odds, Argentina and Brazil are the probable countries for this market.
  • Third place: As an alternative to the top 2, you can bet on the two countries that’ll make the third-place match. In other words, you predict the semi-final losers.

Copa América previous winners

The Copa América has been around since 1916 and is the oldest among all continental soccer tournaments. With 47 Copa Américas held so far, below are all past winners and runners-up in the competition:

Year Winner Runner-up
1916 Uruguay Argentina
1917 Uruguay Argentina
1919 Brazil Uruguay
1920 Uruguay Argentina
1921 Argentina Brazil
1922 Brazil Paraguay
1923 Uruguay Argentina
1924 Uruguay Argentina
1925 Argentina Brazil
1926 Uruguay Argentina
1927 Argentina Uruguay
1929 Argentina Paraguay
1935 Uruguay Argentina
1937 Argentina Brazil
1939 Peru Uruguay
1941 Argentina Uruguay
1942 Uruguay Argentina
1945 Argentina Brazil
1946 Argentina Brazil
1947 Argentina Paraguay
1949 Brazil Paraguay
1953 Paraguay Brazil
1955 Argentina Chile
1956 Uruguay Chile
1957 Argentina Brazil
1959 Argentina Brazil
1959 Uruguay Argentina
1963 Bolivia Paraguay
1967 Uruguay Argentina
1975 Peru Columbia
1979 Paraguay Chile
1983 Uruguay Brazil
1987 Uruguay Chile
1989 Brazil Uruguay
1991 Argentina Brazil
1993 Argentina Mexico
1995 Uruguay Brazil
1997 Brazil Bolivia
1999 Brazil Uruguay
2001 Colombia Mexico
2004 Brazil Argentina
2007 Brazil Argentina
2011 Uruguay Paraguay
2015 Chile Argentina
2016 Chile Argentina
2019 Brazil Peru
2021 Argentina Brazil

Copa América 2024 bet types

We’ve highlighted popular betting markets for the upcoming Copa América competition. However, there are other bet types to consider when betting per fixture. Check them out below:

  • 1×2 Bet: This bet option lets you predict who’ll win a particular game or if it’ll be a tie. Picking 1 means you expect the home team to win, while 2 indicates the away side. Meanwhile, you wager on X if you anticipate a draw.
  • Over/Under Goals: Also known as Totals, you bet on whether the total number of goals scored in a match will exceed or be less than a set number. Consider Over/Under 2.5, for example. Betting Over means you predict the goals to be more than 2.5 (3 and above), while Under indicates they won’t be more than 2.
  • Both Teams To Score: You can easily tell the target from the name of this bet type. It’s a simple option where you bet on whether the competing teams in a Copa América match will both score or not. You wager on Yes or No.
  • Asian Handicap: With Asian Handicap, you give one team goal advantage over the other. Hence, the other team with the disadvantage is handicapped. This bet type is popular for fixtures involving a significantly strong team and a much weaker one – like world champions Argentina vs Peru in Group A.
  • Double Chance: This is a variant of the 1×2 market, where you predict a team to win or draw. Alternatively, you can bet on any team to win, indicating that there will be no tie.
  • Draw No Bet: Here’s a save option to protect your wager from draw games. Basically, you bet on a win for any team, and if the match results in a tie, you get back your stake.
  • Halftime Score: As the description reads, this bet type involves predicting the actual score of a match at halftime.
  • Correct Result: More popularly known as Correct Score, you predict the exact result at the end of 90 minutes. Hence, it’s a more general alternative to the Halftime Score bet option.
  • Player Bets: These are prop bets where you wager on a player rather than a team or match outcome. For instance, you can bet on Messi to score in a game, Neymar Jr to give an assist, or other similar events during a soccer game. They’re also known as prop bets.

How to read Copa América 2024 odds

When betting on the South American Championship, you’ll find different odd formats at sportsbooks. The most popular are decimal, fractional, and American odds, and here’s how to read them:

  • Decimal odds: This format presents the odds as a decimal (2.5. 30.2, 3.6, etc). The higher the rate, the lower the probability, and you can calculate the payout by multiplying your bet and the odd value. If it’s 2.5, for example, and you bet $10, your potential payout will be $20.5 ($10 x 2.5).
  • Fractional Odds:  For this option, you get decimals like 1/5, 2/10, 20/6, and so on. The first determines your potential payout, while the second is your bet. So, 10/4 fractional odds mean you’ll win $10 for each $4 you bet on Copa América matches.
  • American odds: Also known as moneylines, this format displays odds with positive and negative signs. An example is +120 and -150. If positive, you’ll win that amount with a $100 bet, but negative implies you’ll bet the amount to win $100. To illustrate, +120 odds indicate a $120 potential payout for every $100 wagered. Meanwhile, -150 means each $150 bet will yield $100 in winnings:

How to calculate winnings

For a successful bet on Copa América 2024 odds, it’s essential to know how to calculate winnings. Usually, you either place a single bet featuring only one event or a combination (accumulator) of multiple fixtures. Whichever, how you calculate the winnings is straightforward:

  • Single bets: For this, you multiply your bet with the odd value. Sp, Wager x Odds = Winnings.
  • Combination bets: To know your accumulators’ winnings, you multiply all odds on the slip along with your bet amount. In other words, Wager x Odds 1 x Odds 2 x Odds 3 x Odds 4…. = Winnings.

Copa América 2024 betting offers and bonuses

Sports betting is always more rewarding when you claim bonuses. The good news is that the best sportsbooks featuring Copa América odds have quality promotions. Below are the top ones to anticipate:

  • Welcome bonus: This is the first bonus you claim for signing up. It’s usually a match percentage of your first deposit up to a maximum amount.
  • Bonus bet: Sportsbook can also release bonus bets for new players to wager without using their funds. Most times, you have to place an initial bet to qualify.
  • Reload bonus: A reload is also a deposit match bonus, but it applies to subsequent deposits after the first.
  • Odds boost: It’s common to find odds boost for popular Copa América matches, where the sportsbook increases the rate. That means you get more potential winnings for your stake. You can expect such bonuses from the quarter-finals until the finals stage.
  • Cashback: This promo returns a portion of your bet when your slip isn’t successful. It’s a commendable offer, as it prevents you from losing 100% of your wager.

Copa América 2024 betting strategy

As you place your bet on South America’s biggest soccer competition, here are some tips we recommend following:

Compare odds across betting sites

The first tip is to go for competitive odds, and you do that by comparing the rates on the best soccer betting sites. Don’t look at the surface value of each platform. Instead, use betting calculators to find overrounds and margins to know if the sportsbooks are fair. Above all, however, ensure you only consider legitimate betting websites with valid operating licenses.

Look out for bonuses

As mentioned previously, sportsbook promos make betting more rewarding. So, don’t skip reviewing the available promotions at the sportsbooks under your radar. Look for quality welcome offers and others like cashback, reloads, and bonus bets. It’s best when the betting platform has exclusive bonuses for wagering on Copa Américan matches.

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More Soccer Insights

Follow updates on the competition

The Copa América begins with Argentina vs Canada at the Mercedes Benz Stadium in Atlanta. From then until the final in July, sports news will be rife with information about the games. Keep up with the details to make more informed betting decisions. Notably, follow up injuries and fitness updates, especially those involving key players. Imagine Messi having a knee injury and having to sit on the sides. Without question, Argentina will be a less strong team.

Don’t always back your favorite team

With players like Messi, Neymar, Di Maria, and Vinicius Jr, there’s no debate that Argentina and Brazil are huge favorites. You’re also likely to be a fan of these soccer players and their countries. Indeed, they’re heavyweights in the competition, but that doesn’t mean they are invincible. It’s soccer, and anything can happen. So, approach your bets objectively and don’t apply emotions by always wagering on the team you’re supporting.

Consider prop bets on cards

If you regularly watch South American soccer matches, you’ll know that they’re overly physical. Hence, there are usually many fouls and cards – yellows and reds. To illustrate, the 2021 final recorded 41 fouls, 19 committed by Argentina and 22 by Brazil. Following this, placing prop bets on cards has a high probability of winning. You can also wager on over/under cards per match.

Copa América odds FAQs

Where can I bet on Copa América 2024 odds?

You can bet on Copa América 2024 odds at many sportsbooks online. Most betting sites will feature the games before their kick off times and afterward for in-play markets. To choose the best site, consider factors like reputation, odds competitiveness, bonuses and promotions, and payment terms.

Who are the favorites to win the Copa América 2024?

The favorites to win the Copa América 2024 are Argentina. Having won the tournament’s last edition and the previous World Cup, the country is currently ranked number one in South America. Also, Argentina boasts skilled players like Lionel Messi, Angel Di Maria, Lautaro Martinez, Dibu Martinez, and Paulo Dybala.

Who is the favorite to become the Copa América 2024 top scorer?

The favorite to become the Copa América 2024 top scorer is Lionel Messi. In 2024, many still consider him the best player in the world, following his performances with Inter Miami in the US. It’s worth mentioning that the final of the continental championship will be played in Hard Rock Stadium in Miami, the home ground of his club side.

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