TL;DR
Spain and France are the favorites to win the 2026 World Cup, with odds around +450. U.S. bettors are heavily backing their home team, despite long odds, creating significant sportsbook liabilities.
Spain and France are the leading favorites to win the 2026 World Cup, with odds around +450, according to sportsbooks. Meanwhile, U.S. bettors are heavily backing their home team, despite the team’s long odds, reflecting high enthusiasm for the tournament taking place on North American soil.
Bookmakers such as DraftKings and Caesars report Spain and France as the top contenders, with odds ranging from +450 to +500. These teams have attracted the most betting volume, with sportsbooks indicating significant liability if either team wins, especially for Spain, which is the second-largest liability at DraftKings.
In contrast, the U.S. team, despite having long odds of approximately 60-1, is the eighth-most backed team by handle at DraftKings. This strong betting activity highlights the American public’s enthusiasm, driven by the tournament being hosted on home turf. Sportsbooks acknowledge the potential risk but are accommodating the high volume of bets, citing the patriotic support and increased viewership interest.
Impact of U.S. Betting Trends on Bookmakers’ Risks
The heavy backing of the U.S. team by American bettors signifies a shift in betting patterns driven by national pride and home advantage. This enthusiasm increases the potential financial exposure for sportsbooks if the U.S. team advances far in the tournament. The betting trends also indicate a broader public interest in the World Cup, which could influence betting markets and odds adjustments as the tournament progresses.
World Cup betting odds calculator
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Historical and Current World Cup Betting Dynamics
Spain has won the World Cup three times, most recently in 2010, and is considered a top contender in 2026. France, the reigning champion from 2018, is also viewed as a favorite. The U.S. team has long odds, reflecting historical performance and current rankings, but the tournament’s North American location has spurred significant betting activity from American fans. Notably, Portugal has also seen increased action, with odds shortening from 10-1 to around +750 to +800 at various sportsbooks.
“I didn’t realize that this would be a steady stream of money on these teams. Those are the two favorites that have been very popular throughout, especially lately. Over the last week or so, those two are getting an influx of money.”
— DraftKings sportsbook director Johnny Avello

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Unconfirmed Aspects of Betting Trends and Outcomes
It remains unclear how betting patterns will evolve as the tournament progresses and whether the U.S. team will gain more support or make a deep run. The actual impact on sportsbooks’ liabilities depends on team performances, which are still unpredictable at this stage. Additionally, the long-term betting behavior and potential shifts in odds are still developing.

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Upcoming Betting Market Adjustments and Tournament Milestones
Bookmakers will monitor betting activity closely as the World Cup unfolds, adjusting odds based on team performances and betting volumes. The next key milestones include the group stage matches, knockout rounds, and potential upsets, which could significantly influence betting patterns and liabilities. The U.S. team’s performance remains a focal point for American bettors and sportsbooks alike.

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Key Questions
Why are Spain and France considered the favorites?
Bookmakers and betting activity currently favor Spain and France due to their strong team performances, historical success, and expert assessments, with odds around +450 to +500.
Why are U.S. bettors backing their team despite long odds?
The tournament being hosted in North America and national pride are driving increased betting support for the U.S. team, despite its long odds of around 60-1.
What risks do sportsbooks face from this betting activity?
Sportsbooks are exposed to significant liabilities if the U.S. team advances far or wins, as the volume of bets on the home team is high despite its low chances of winning.
How might betting patterns change as the tournament continues?
Betting patterns are likely to shift based on team performances, upsets, and the progression of key matches, which could lead to odds adjustments and increased liabilities for sportsbooks.
What is the significance of Portugal’s betting support?
Portugal has seen increased betting action, with odds shortening from 10-1 to around +750 to +800, indicating rising confidence and interest in their chances.
Source: Google Trends