2024 Copa America Betting Odds Favor Argentina, USA Get Underdog Status

As club soccer season wraps up over the next few weeks, it’s time to look ahead to the biggest men’s international soccer tournament to take place in the US in years: the 2024 Copa America, which kicks off on June 20.

From the opener between Argentina and Canada at Atlanta’s Mercedes-Benz Stadium on June 20 through the final on July 14 in Miami Gardens, the top teams in South America, Central America, and North America will battle it out for one of the biggest trophies in international soccer.

Betting on Copa America odds is currently available at online sports betting apps and throughout the tournament. Reigning World Cup champs Argentina are the clear favorites, followed by Brazil and Uruguay. All three South American powers are currently listed at 6-to-1 or shorter at most sportsbooks.

Gregg Berhalter and the USMNT are seen as heavy underdogs as of late April, with odds as long as 14-to-1 (the current price at both FanDuel and BetMGM). Oddsmakers see USA, Mexico, and Colombia as the top three contenders after Argentina, Brazil, and Uruguay.

2024 Copa America Outright Odds

 

Copa America Betting Favorites

Here, we break down the best bets on the Copa America oddsboard to help bettors find value in the tournament table.

Argentina — Best Available Odds:

It’s no surprise that Argentina currently have the shortest odds at less than 2-to-1 across the board. Lionel Messi and Co. entered the 2022 World Cup in Qatar as one of the favorites and delivered, bringing home the country’s first World Cup since 1986. In addition to Messi, who turns 37 on June 24, and 36-year-old winger Angel di Maria, La Albiceleste feature several stars in their prime, including forwards Lautaro Martinez and Julian Alvarez, midfielders Enzo Fernandez and Alexis Mac Allister, and keeper Emiliano Martinez.

The target Messi and Co. will have on their backs will make winning a third consecutive major tournament (following the 2021 Copa America and the 2022 World Cup) a challenge for Manager Lionel Scaloni’s squad. While Argentina feel like the safest bet to win this competition, they don’t offer much value at the current price.

Brazil — Best Available Odds:

After Argentina, the team with the most proven talent is Brazil. They enter every tournament as one of the favorites, but injuries and excruciating close losses have become the norm since Brazil won its last World Cup in 2002.

From Neymar’s injury — followed by a humiliating 7-1 semifinal loss to Germany on home soil — in the 2014 World Cup, to a 1-0 loss to Argentina in the 2021 Copa America final, and a stunning quarterfinal loss to Croatia in the quarterfinals of the 2022 World Cup, this squad has no shortage of recent demons to exorcise.

The combination of high expectations and disappointing recent history, not to mention a torn ACL that will likely sideline Neymar and a recently appointed manager, Dorival Júnior, make Brazil the most intriguing team in the field.

Uruguay — Best Available Odds:

Uruguay will bring a few young stars of their own to this tournament, including Liverpool forward Darwin Núñez, Real Madrid midfielder Fede Valverde, Barcelona center back Ronald Araujo, and PSG midfielder Manuel Ugarte. Uruguay have played well since appointing Marcelo Bielsa as manager in 2023, with an impressive 4-1-1 record to date in their 2026 World Cup qualifying matches.

In fact, based on CONMEBOL qualifying for 2026, no team in the Copa America offers more value than Uruguay at 6-to-1. They beat Brazil, Argentina, and Bolivia by a combined score of 7-0 in their most recent qualifiers last October and November. The 2-0 win over Brazil on Oct. 17, 2023, followed by a 2-0 victory against Argentina on Nov. 16, showed that Núñez and Co. can more than hold their own against the stars of the South American giants.

If there’s a player worth targeting once Copa America Golden Boot odds become available, it’s Núñez, who scored four goals in those three wins over Brazil, Argentina, and Bolivia.

USA 2024 Copa America Odds

Best Available Odds for USMNT:

Playing at home could make USA a tough out, but Christian Pulisic and Co. will need to hit another gear to make a deep run in this tournament. The USMNT has proven it can get the job done in group play, advancing to the knockout rounds of the 2014 and 2022 World Cups. But it has won just two knockout matches in major tournaments in the last 22 years.

Berhalter’s team has been outstanding in CONCACAF in recent years, with several impressive wins over Mexico, but will likely be a heavy underdog in any matches against Argentina, Brazil, or Uruguay.

USA’s Group C competition includes Uruguay, Panama, and Bolivia. The USMNT enters the tournament priced at to advance from Group C and to win the group, just behind group favorite Uruguay .

Mexico 2024 Copa America Odds

Best Available Odds for Mexico:

Mexico has struggled against USA in recent meetings, but won the 2023 Gold Cup, defeating Panama 1-0 in the final. That result led to Manager Jaime Lozano earning the removal of the interim tag in Aug. 2023. Lozano’s team is in a favorable group to open this tournament, as it avoids the favorites in a foursome featuring Ecuador, Venezuela, and Jamaica. El Tri are heavily favored to not only advance from Group B (), but win it .

If Mexico do win their group, they’d have a winnable matchup in the quarterfinals against the second-place team from Group A. The four teams in Group A are Argentina, Peru, Chile, and Canada.

Canada 2024 Copa America Odds

Best Available Odds for Canada:

Canada landed in a tough Group A that includes tournament favorites Argentina.

The reigning World Cup champs are heavily favored to win this group, while oddsmakers expect a heated three-way battle between Canada ( to advance from Group A), Chile (), and Peru () for Group A’s other place in the quarterfinals.

Canada are looking to bounce back from a disappointing showing in the 2022 World Cup under a new manager. John Herdman, who helped Canada take massive strides during his tenure from ’18-23, left the Canadian national team to take over MLS side Toronto FC last August. His replacement, Mauro Biello, has the job on an interim basis entering this summer’s Copa America.

Canada does boast the talent to make some noise, though, including two legit stars in Alphonso Davies (Bayern Munich) and Jonathan David (Lille).

2024 Copa America Golden Boot Odds

Betting on the outright winner odds is just one of the many ways to wager on a major soccer (football) tournament. It’s also possible to bet on other futures markets before and during the event, including the Golden Boot, which is awarded to the player who scores the most goals in the competition.

As of April 30, Golden Boot odds for the 2024 Copa America are not yet available. They will be released once Copa America managers name their squads for this tournament in May; preliminary rosters must be named by May 5, with June 12 the deadline for each participating squad’s final roster announcement.

2024 Copa America Match Odds

If you’d rather bet on individual games over Copa America winner odds, check out the 2024 Copa America betting lines listed below. Be sure to shop around for the best match odds, then click your preferred line to visit your sportsbook of choice.

How To Bet on 2024 Copa America Odds

In addition to spreads, moneylines, totals, and futures bets, there are more fun ways to join the soccer wagering action for the 2024 Copa America.

Parlay Bets

Parlays feature multiple bets (or legs) in a single wager that can increase your winnings. Parlay odds increase with each leg you add to the wager. Take advantage of Gaming Today’s free parlay calculator. It will show you the implied probability of winning your parlay, the odds, and the potential payout.

Prop Bets

Prop bets are also plentiful when it comes to Copa America betting. Copa America prop bets are not directly tied to a match or tournament’s outcome, but instead focus on individual events. For example, there are prop bets on specific players to score a goal in any given match. There are team prop bets for the number of yellow cards, and the number of corner kicks a team will have in a match. You can bet on Over or Under the listed amount.

You can also bet on who will win the Golden Ball (MVP) and Golden Boot (Leading Scorer) at the end of Euro 2024.

Bet Tracking

The practice of tabulating betting history is important to the success of any bettor. Advanced bet tracking for sports betting is essential because numbers are king. Properly monitoring and tracking your bets makes you gambling royalty. Sports gamblers, novices, and veterans alike are guaranteed to improve their plays with this simple hack.

Additional Soccer Betting Odds

Where to Bet on 2024 Copa America Odds: Copa America Betting Apps

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The best options for betting on the World Cup are BetMGM, DraftKings, FanDuel, and Caesars. These sportsbooks offer competitive odds, tons of prop bets to choose from, and a wide variety of betting markets for the upcoming Euro Cup.

2024 Copa America Odds FAQ

Is it legal to bet on the 2024 Copa America online?

Yes, online sportsbooks like BetMGMDraftKingsFanDuelCaesars Sportsbook, and Bbt365 are licensed operators in several states across the US. We recommend them as top options for Copa America betting. The strength of these sports betting apps relative to other options on the market places them in a class by themselves.

How do you read Copa America odds?

Copa America odds are typically listed as a three-way moneyline. Bettors can choose either team to win or bet on a draw. Payouts for the three-way moneyline are based on the score at the end of 90 minutes plus extra time. If Argentina and Canada draw in the Copa opener, bettors who chose either team would lose.

Is it safe to place a Copa America bet online? 

Yes, betting with a licensed sportsbook overseen by a state gaming commission is safe. BetMGM, DraftKings, FanDuel, Caesars, bet365, and other household names offer safe and secure betting experiences. Wagering with illegal (offshore) sportsbooks operating in a gray market will put you and your funds at risk.

Do online sportsbooks offer live betting on the 2024 Copa America?

Yes, the best live-betting Copa America odds can be found at well-established sportsbooks. The speed of these sports betting apps helps provide an enjoyable live-betting experience. Other apps on the market can tend to lag, which makes in-game betting very problematic given its fast-paced nature.

What kind of prop bets can you make on the 2024 Copa America?

Many different prop bets are available, both before and during the Copa America, including individual player props, which allow you to wager on the number of goals or shots a player will record during a game. You can also wager on how many corner kicks or yellow cards a team will receive.

Who is the current 2024 Copa America favorite?

Argentina and Brazil are the betting favorites atop the Copa America oddsboard. You should be sure to line shop for the best odds for your Copa America bets.

Where is the 2024 Copa America?

The 2024 Copa America is being held in 14 cities in the US. The final is scheduled to take place at Hard Rock Stadium in Miami Gardens, Florida.

Where can I bet on the 2024 Copa America?
Some of the best online sportsbooks where you can bet on 2024 Copa America odds include BetMGM, DraftKings, FanDuel, Caesars Sportsbook, and bet365.
About the Author
Tyler Everett

Tyler Everett

Writer
Tyler Everett has been a sports writer since joining the student newspaper at his alma mater, NC State, back in 2008. He has covered sports, sports betting, and the business of sports for several newspapers and websites, including the Denver Broncos, Charlotte Observer, High Press Soccer, and Sports Business Journal.

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