Argentina is a -163 favorite to win Copa America this summer after storming to the top of the FIFA world rankings. However, La Albiceleste will face competition from the likes of Uruguay (+340), Colombia (+350).
Who are the favorites to win Copa America?
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Copa America group winner odds
The 16 teams at Copa America will begin by competing in four groups. As is the case with other options for how to bet on soccer, wagering is fairly simple, and you’ll find group winner odds at the country’s leading online soccer sportsbooks. Here are the results from the 2024 edition:
Group A
- Argentina won group
- Canada did not win group
- Chile did not win group
- Peru did not win group
Group B
- Venezuela won group
- Ecuador did not win group
- Mexico did not win group
- Jamaica did not win group
Group C
- Uruguay won group
- Panama did not win group
- USA did not win group
- Bolivia did not win group
Group D
- Colombia won group
- Brazil did not win group
- Costa Rica did not win group
- Paraguay did not win group
Odds to advance from their group
The top two teams in each group will qualify for the Copa America quarterfinals. You can also bet on a particular team to qualify.
Group A
- Argentina advanced
- Canada advanced
- Chile did not advance
- Peru did not advance
Group B
- Venezuela advanced
- Ecuador advanced
- Mexico did not advance
- Jamaica did not advance
Group C
- Uruguay advanced
- Panama advanced
- USA did not advance
- Bolivia did not advance
Group D
- Colombia advanced
- Brazil advanced
- Costa Rica did not advance
- Paraguay did not advance
Explore more soccer odds
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Copa America betting analysis & predictions
Argentina’s players won 11 out of 12 games after lifting the World Cup in December 2022, so they entered this tournament awash in momentum.
Manager Lionel Scaloni could not have asked for a gentler route to the final. Argentina has landed on the opposite side of the bracket as all of the other big teams — Brazil, Uruguay, Colombia, and the US. While those teams battle for supremacy, Argentina’s players will face the likes of Peru, Ecuador, and Mexico, so “Argentina to reach the final” at -135 with BetMGM could prove to be a popular bet.
Brazil faces a far more perilous path. The Samba Boys may need to beat the US and a star-studded Uruguayan team to reach the final, which is a tall order. However, Brazil would be the favorite to win both games, as it has world-class players in every department.
If Argentina and Brazil clash in the final, many South American soccer fans would likely view it as a 50-50 game. Argentina is unbeaten in its last four matches against Brazil, including a 1-0 victory in the last Copa America final. However, the squads look evenly matched, and Brazil could be rejuvenated under new manager Dorival Júnior. Additionally, forward Vinícius Júnior is in superb form right now, so Brazil to win Copa America at +230 with Caesars Sportsbook could be another popular wager this summer.
Breaking down the Copa America betting favorites
The Copa America tournament will feature the top 10 teams from South America and the top six teams from North and Central America. These are the favorites to lift the trophy in Miami on July 14:
Argentina
Argentina ended a 26-year trophy drought when it won Copa America in 2021. La Albiceleste then beat France on penalties in the 2022 World Cup final, so they are carrying some momentum as they prepare to defend their Copa America crown.
Superstar forward Lionel Messi was named the player of the tournament at the World Cup. He is now 36 years old, but he shows no signs of slowing down. Messi now plays for Inter Miami, and this year’s Copa America final will take place in that city at Hard Rock Stadium.
Uruguay
Uruguay will aim to win Copa America for the 22nd time this summer. La Celeste’s last title came in 2011, when strikers Luis Suárez and Edinson Cavani were at the peak of their powers. Cavani has retired from international duty, and Suárez is a 37-year-old veteran, but younger players are taking up the mantle.
There are high hopes for Liverpool striker Darwin Núñez, who has shown flashes of brilliance this season. Federico Valverde and Manuel Ugarte lead the midfield, and Uruguay has plenty of solid defenders, too, so it is a dark horse for this tournament.
Colombia
Colombia finished third at Copa America in 2021 after battling to a 3-2 victory over Peru in the bronze medal match. However, Los Cafeteros failed to qualify for the 2022 World Cup.
They have some dangerous forwards in their ranks, including Liverpool’s Luis Díaz. However, Colombia lacks the sort of quality that Brazil, Argentina, and Uruguay can call upon, so it is currently fourth in Copa America futures odds.
Copa America odds movement
| Team | Current Copa America odds | July 9 odds | June 27 odds | June 20 odds | June 6 odds | Opening odds | |
| Argentina | Won | -120 | +175 | +180 | +180 | +180 | |
| Uruguay | Eliminated | +300 | +525 | +600 | +600 | +700 | |
| Colombia | Eliminated | +340 | +850 | +1200 | +1300 | +1300 | |
| Canada | Eliminated | +2600 | +6600 | +9000 | +8500 | +8500 | |
| Brazil | Eliminated | +270 | +230 | +225 | +230 | ||
| USA | Eliminated | +1600 | +1400 | +1400 | +1400 | ||
| Mexico | Eliminated | +2700 | +2200 | +1400 | +1400 | ||
| Ecuador | Eliminated | +3100 | +2000 | +1800 | +1800 | ||
| Chile | Eliminated | +5000 | +3700 | +3500 | +3500 |
Copa America odds FAQ
Argentina is the current Copa America favorite. It is the reigning champion after beating Brazil 1-0 in the final in 2021. Argentina went on to win the World Cup in 2022, and it is now No. 1 in the FIFA world rankings.
The US is the host for the 2024 Copa America. The games will take place at 14 of the largest sports venues in the country, including MetLife Stadium, AT&T Stadium, Arrowhead Stadium, and SoFi Stadium. The final will be at Hard Rock Stadium in Miami on July 14.
Copa America always features the 10 best teams from South America, along with six invited teams from around the world. This year, the organizers invited six teams from North and Central America to compete, including the US, Mexico, and Canada. The US is the host nation, giving it a chance to prepare for helping to host the 2026 World Cup.
The US has odds of to win Copa America. Only four teams have shorter odds: Argentina, Brazil, Uruguay, and Colombia. Mexico also has odds of .