Last Updated on August 11, 2026 by Maurya
The Carabao Cup betting odds for 2026/27 have Arsenal leading the outright market, but the race for England’s first major domestic knockout trophy of the season looks highly competitive.
Arsenal are currently available at around 4/1 to win the Carabao Cup, with defending champions Manchester City at approximately 6/1. Liverpool follow at 7/1, while Manchester United and Chelsea are both around 8/1 with major UK bookmakers. Tottenham, Aston Villa and Newcastle United form the next group of contenders.
Prices can move quickly throughout a knockout competition. A favourable draw, an injury to a key player or even a manager’s decision to rotate heavily can alter the market substantially. The odds below should therefore be viewed as a snapshot taken on 11 August 2026, rather than guaranteed prices.
Latest Carabao Cup Winner Odds 2026/27
The following Carabao Cup outright odds were available through leading bookmakers at the time of writing:
| Team | Carabao Cup Winner Odds |
| Arsenal | 4/1 |
| Manchester City | 6/1 |
| Liverpool | 7/1 |
| Manchester United | 8/1 |
| Chelsea | 8/1 |
| Tottenham Hotspur | 11/1 |
| Aston Villa | 16/1 |
| Newcastle United | 20/1 |
| Everton | 25/1 |
| Brighton | 33/1 |
| Brentford | 33/1 |
| Leeds United | 33/1 |
| Nottingham Forest | 33/1 |
These prices broadly match the current outright market shown by bet365 and Sky Bet. Oddschecker had Arsenal slightly longer at 5/1 in its 7 August market analysis, illustrating just how quickly prices can change even over a few days.
Always compare bookmakers before placing a wager. Even a difference between 4/1 and 5/1 can make a significant difference to the potential return on an outright bet.
Who Are the Carabao Cup Favourites in 2026/27?
Arsenal – 4/1
Arsenal enter the 2026/27 Carabao Cup as the bookmakers’ favourites.
Their position at the top of the market is understandable. Arsenal reached the 2025/26 Carabao Cup final, only to lose 2-0 to Manchester City at Wembley. They therefore demonstrated that their squad could handle a long cup run while competing on several fronts.
The Gunners are priced at approximately 4/1 by multiple bookmakers, although Oddschecker recorded them at 5/1 as recently as 7 August.
For outright bettors, Arsenal’s attraction is largely about squad quality and depth. Cup competitions frequently require leading teams to rotate during early rounds, so having capable replacements across most positions can be particularly important.
There is still a question over whether 4/1 offers enough value. At that price, the market already gives Arsenal considerable respect. One difficult away draw against another elite Premier League side could dramatically change their route to Wembley.
Verdict: The team to beat according to the market, but price shopping is particularly important when backing the favourite.
Manchester City – 6/1
Manchester City may arguably be the most interesting of the leading contenders at around 6/1.
City are the defending Carabao Cup champions after beating Arsenal 2-0 in the 2026 final at Wembley, with Nico O’Reilly scoring both goals.
That recent success matters when assessing the 2026/27 outright odds. City have repeatedly demonstrated that they possess the depth required to make changes without automatically weakening their team to the level seen at many rival clubs.
At 6/1, bookmakers rate them behind Arsenal but comfortably ahead of most of the remaining field.
The potential drawback is fixture congestion. Clubs competing in European football do not enter until Round Three this season, and juggling domestic and European commitments can influence team selection. The EFL confirms that the 23 Round Two winners are joined by nine Premier League clubs involved in European competition in Round Three.
Verdict: A strong contender whose 6/1 price may appeal more than taking substantially shorter odds on Arsenal.
Liverpool – 7/1
Liverpool sit close behind City in the market at approximately 7/1.
That makes Liverpool part of a clear top five in the current Carabao Cup betting market.
The key question with Liverpool is not whether their strongest XI can win the competition. It clearly has the quality to compete with England’s elite. The more important consideration is how aggressively the club approaches the early rounds while balancing Premier League and European commitments.
That is true of almost every leading contender, but it becomes especially relevant for outright betting. A team’s theoretical strength is only one part of the calculation. Rotation policy, injuries, fixture congestion and the draw can be equally important.
At 7/1, Liverpool are close enough to the favourites that there is limited room for error, but the price becomes considerably more interesting if their early draw opens up.
Verdict: Serious contenders, particularly if their route through the first couple of rounds is favourable.
Manchester United – 8/1
Manchester United are available at around 8/1 to win the 2026/27 Carabao Cup.
United have relatively recent success in this competition, having lifted the League Cup in 2023. The current betting market therefore treats them as genuine trophy candidates rather than outsiders.
A price of 8/1 places them slightly behind Arsenal, City and Liverpool but gives bettors more potential upside.
For United, the early rounds could tell us significantly more about their chances. Cup performances sometimes reveal whether a manager intends to use the competition primarily for squad rotation or views it as an important opportunity to secure silverware.
Because outright bets remain active for months, there is rarely a need to judge the market purely from reputation.
Verdict: One of the more intriguing options among the leading clubs, although their price should be reassessed once their first opponent is known.
Chelsea – 8/1
Chelsea are also priced at approximately 8/1, making them joint fourth favourites with Manchester United at several bookmakers.
Unlike some European entrants that receive later entry, Chelsea are already part of the Round Two picture. The official Round Two draw was confirmed by the EFL on 10 August 2026, with the competition remaining regionalised at this stage.
Chelsea’s appeal in cup betting is squad depth. A deep playing group gives managers greater flexibility when dealing with the unusual demands of midweek knockout football.
However, depth alone does not guarantee success. Carabao Cup ties can turn on a single poor performance, and one-match knockout rounds provide very little room to recover.
Verdict: Competitive at 8/1, but watching how seriously Chelsea approach their opening tie could provide useful information before backing them outright.
Tottenham Hotspur – 11/1
Tottenham are the first team outside the market’s five strongest contenders, priced at around 11/1.
This is the type of price that can attract value-seeking bettors. It is substantially bigger than Arsenal’s 4/1 while still being attached to a squad capable of defeating any opponent on its day.
The disadvantage is obvious: Tottenham potentially need to eliminate one or more of Arsenal, Manchester City, Liverpool, Chelsea or Manchester United before reaching Wembley.
Outright betting should therefore be based on possible routes through the tournament rather than simply picking a famous club at longer odds.
Verdict: An interesting second-tier contender whose appeal could increase considerably with a favourable sequence of draws.
Aston Villa – 16/1
At around 16/1, Aston Villa sit between the major favourites and the genuine outsiders.
This price begins to offer a more attractive risk/reward profile, but it also reflects the likelihood that Villa would need to defeat at least one of the market leaders during the tournament.
Villa are among the clubs entering later because Round Three includes the nine Premier League sides competing in Europe.
For bettors looking beyond the obvious favourites, clubs in this price range can become particularly interesting after the Round Three and Round Four draws. Avoiding another elite side while several favourites eliminate each other can shorten a team’s outright price very quickly.
Verdict: Worth monitoring rather than automatically backing before the draw develops.
Newcastle United – 20/1
Newcastle are available at approximately 20/1, which may immediately attract attention from anyone remembering their recent League Cup record.
Newcastle won the 2024/25 Carabao Cup, defeating Liverpool 2-1 at Wembley, before making another deep run in 2025/26. Their defence of the trophy ended in the semi-finals when Manchester City beat them 5-1 on aggregate.
That means Newcastle have demonstrated genuine knockout pedigree over the previous two editions.
Their 20/1 price is substantially bigger than those offered on Arsenal or Manchester City. However, bettors must balance that potential return against the strength of the clubs sitting above them in the market.
Verdict: One of the most noteworthy longer-priced Premier League options based on recent Carabao Cup performance.
Everton – 25/1
Everton are currently around 25/1 in the outright market.
They sit outside the obvious group of trophy favourites, meaning backing Everton requires a stronger belief that the market is underestimating them.
The advantage of prices in this range is that they can shorten dramatically if the draw becomes favourable. A team priced at 25/1 before playing its first tie may be considerably shorter after reaching the last 16, particularly if several favourites have already been eliminated.
The downside is that outright bets on outsiders often need multiple favourable results to succeed.
Verdict: More suitable for bettors deliberately looking beyond the favourites than anyone seeking the safest outright option.
Brighton, Brentford, Leeds and Nottingham Forest – 33/1
A number of Premier League clubs are grouped around 33/1, including Brighton, Brentford, Leeds United and Nottingham Forest in current bet365 pricing.
These teams represent the next level of the market.
Backing a 33/1 selection before the tournament has developed can offer a much larger potential return, but these sides are outsiders for a reason. To lift the trophy, they are likely to require several strong performances and may eventually have to defeat one or more elite clubs.
For many bettors, the better strategy is to track these teams through the early rounds. If one receives favourable draws and performs strongly with a rotated squad, its outright price may still offer value later.
How the 2026/27 Carabao Cup Format Affects Betting Odds
Understanding the competition format is particularly important when comparing Carabao Cup odds.
The EFL has scheduled Round One over the weekend of 7–9 August 2026, with Round Two taking place in the week commencing 24 August. Round Three is split across the weeks commencing 7 and 14 September, followed by Round Four in the week commencing 26 October and Round Five in the week commencing 14 December.
The semi-finals remain a two-leg stage, with the first legs scheduled for the week commencing 11 January 2027 and the second legs for the week commencing 1 February 2027.
The 2027 Carabao Cup final is scheduled for Sunday, 21 March 2027.
Another crucial point is entry timing. The EFL says Round Three will contain 23 Round Two winners plus the nine Premier League clubs competing in European competitions.
For betting purposes, that means the outright market can look very different once all of the strongest clubs have entered and the Round Three draw has been completed.
Why Carabao Cup Odds Change
Carabao Cup winner odds are much more dynamic than they may first appear.
Several factors can move the market:
The draw
The draw is arguably the single biggest variable.
If Manchester City and Arsenal are drawn against each other while another contender receives a lower-league opponent at home, the outright prices can change immediately.
Home advantage
Home draws can be particularly valuable in single-match knockout football. A sequence of home fixtures can transform the difficulty of a team’s route to the semi-finals.
Squad rotation
The Carabao Cup often arrives during congested parts of the season. Managers may rest established starters and give opportunities to younger or fringe players.
A team with excellent squad depth can therefore deserve a shorter price than another club with a similarly strong starting XI.
Injuries
An injury to a goalkeeper, centre-forward or other key player can influence the odds, particularly if it occurs immediately before a major cup tie.
Elimination of favourites
Outright prices can shorten without a team even playing.
If Arsenal are eliminated while Manchester City and Liverpool are drawn against one another, the remaining contenders become mathematically more likely to win the trophy.
This is why bettors should not judge a Carabao Cup outright price in isolation.
Carabao Cup Betting Markets Explained
The outright winner market is only one way to bet on the competition.
Popular Carabao Cup betting markets normally include:
Tournament winner: Pick the club that will lift the trophy.
To qualify: Bet on which side will progress from a particular knockout tie.
Match result: Back the home win, draw or away win during regulation time.
Correct score: Predict the exact score after 90 minutes.
Both teams to score: Predict whether both clubs will find the net.
Over/under goals: Bet on whether the match will produce more or fewer goals than a specified line.
Anytime goalscorer: Select a player to score during a match.
It is important to read individual bookmaker rules. For example, a standard match-result wager usually relates to the score after 90 minutes, whereas a “to qualify” bet includes the method used to determine which club progresses.
How to Compare Carabao Cup Betting Odds
Comparing prices is one of the simplest ways to improve the potential value of a football bet.
Suppose one bookmaker offers Arsenal at 4/1 while another offers 5/1.
A £10 winning wager at 4/1 produces £40 profit plus the £10 stake.
The same £10 wager at 5/1 produces £50 profit plus the stake.
Nothing about the selection has changed—the bettor simply obtained a better price.
The difference becomes even more important with outsiders. Comparing 20/1, 22/1 and 25/1 on the same club can significantly affect the eventual return.
Odds comparison should therefore be part of the process rather than an afterthought.
Who Offers the Best Value in the 2026/27 Carabao Cup Market?
There is no objectively guaranteed “best bet” in a knockout competition, but the current market can be divided into three useful groups.
Arsenal, Manchester City and Liverpool form the leading tier at roughly 4/1 to 7/1. They provide the strongest combination of squad quality and market confidence.
Manchester United, Chelsea and Tottenham occupy the next range at around 8/1 to 11/1. Their prices provide a little more potential upside while still representing clubs capable of winning the competition.
Aston Villa, Newcastle and Everton provide the bigger prices, currently around 16/1 to 25/1. Newcastle are particularly interesting from a historical form perspective because they won the competition in 2024/25 and reached the semi-finals again the following season.
Rather than focusing purely on the biggest odds, bettors should ask whether the probability implied by the price accurately reflects the team’s realistic chance of lifting the trophy.
Carabao Cup 2026/27 Key Dates
The confirmed schedule currently includes:
- Round One: 7–9 August 2026
- Round Two: Week commencing 24 August 2026
- Round Three: Weeks commencing 7 and 14 September 2026
- Round Four: Week commencing 26 October 2026
- Round Five: Week commencing 14 December 2026
- Semi-final first legs: Week commencing 11 January 2027
- Semi-final second legs: Week commencing 1 February 2027
- Carabao Cup Final: Sunday, 21 March 2027
These dates are confirmed by the English Football League.
Final Verdict
The 2026/27 Carabao Cup winner odds currently make Arsenal the team to beat at around 4/1, with defending champions Manchester City available at approximately 6/1 and Liverpool close behind at 7/1. Manchester United and Chelsea are both around 8/1, while Tottenham’s 11/1 price places them at the front of the chasing group.
Arsenal’s position as favourites makes sense after reaching last season’s final, but Manchester City’s 6/1 price is difficult to ignore considering they beat Arsenal 2-0 at Wembley to lift the 2025/26 trophy.
For anyone searching for longer-priced contenders, Newcastle’s recent Carabao Cup history makes their roughly 20/1 quote noteworthy, while Aston Villa at 16/1 and Everton at 25/1 sit within the next tier of the market.
The most important point is that Carabao Cup odds will continue to move throughout 2026/27. The Round Three draw, squad rotation, injuries and early elimination of leading contenders can completely reshape the market.
Compare prices across bookmakers, check team news close to each match and remember that the biggest price is not automatically the best value.
FAQs
Who is favourite to win the Carabao Cup 2026/27?
Arsenal are currently favourites at approximately 4/1, ahead of Manchester City at 6/1 and Liverpool at 7/1. Prices vary between bookmakers and can change at any time.
Who won the Carabao Cup last season?
Manchester City won the 2025/26 Carabao Cup, defeating Arsenal 2-0 at Wembley on 22 March 2026. Nico O’Reilly scored both goals.
When is the 2026/27 Carabao Cup final?
The EFL has scheduled the final for Sunday, 21 March 2027.
When do Premier League teams in Europe enter the Carabao Cup?
The nine Premier League clubs competing in European competitions enter in Round Three, joining the 23 teams that progress from Round Two.
Are Carabao Cup odds the same at every bookmaker?
No. Bookmakers set their own prices, so the same team can be available at different odds. Comparing bookmakers before betting can increase the potential return if the selection wins.
Can Carabao Cup winner odds change during the tournament?
Yes. Prices regularly change after draws, results, injuries and team news. Clubs generally shorten in price as they progress towards the final, although the difficulty of their next opponent can also influence their odds.
Is Manchester City a good Carabao Cup bet?
City are among the strongest contenders and are currently around 6/1. They are also defending champions after beating Arsenal in the 2026 final. That does not guarantee another title, but it explains why bookmakers continue to place them near the top of the market.
What are Newcastle’s Carabao Cup odds?
Newcastle are approximately 20/1 in the current outright market. They won the competition in 2024/25 and reached the semi-finals in 2025/26 before losing to eventual champions Manchester City.
Responsible Gambling: Betting should be treated as entertainment rather than a way to make money. Odds fluctuate, no wager is guaranteed to win, and you should never bet more than you can afford to lose. Gambling is for adults aged 18+ in the UK.
