Mastering Copa America 2024: A Guide to Betting on the Continent’s Biggest Tournament

Miami, US, Dec. 3 2023: Copa America USA 2024 Flag waving with CONMEBOL flag. Illustrative editorial 3d illustration render. Selective focus

As for play off matches of the Copa America, both Costa Rica and Canada have recorded two goal victories and the early odds for Copa America 2024 are out! The South American soccer event which is scheduled for its 48th annual event will take place in the United States with the matches taking place between 20 June to 14 July across 14 cities. This tournament, which has hit the 16 team mark for only the second time, should provide a great schedule. Now, it is time to take a look at Copa America odds and some teams that should be considered as the main candidates to clinch this great tournament.

Argentina

It comes as no surprise that the defending Copa America champions, the World Cup winners, and the planet’s number one ranked team, Argentina would be heading to Copa America 2024 as the favorites at +175. In the upcoming tournament, Lionel Messi will be 37 years old; however, La Albiceleste are performing well due to their strong backline. Defensively, Argentina has been tough to break down since their record 6-1 win over France on penalties in the final of the 2022 FIFA World Cup, having produced admirable defensive displays by conceding a mere three goals in their next 12 World Cup qualifiers and international friendly matches. Still, Argentina is in a rather tough group along with Chile, Peru, and Canada where all the teams seem to believe they will proceed to the knockout stage. Nonetheless, Argentina is a notch higher in the teams listed above and should easily qualify to the knockout stage. The location of their team in a better half of the bracket suggests that they have easy work to do to get to the final. This Copa America seems to be the last for Messi and the Argentine team, a chance to end his international career with at least two Copas and a World cup trophy to his name and be etched in football history.

Brazil

Even as it appears that Brazil is going through some tough times, so to speak, there is no doubt that they are always considered favorites for any tournament of this standing. Currently Brazil comes second to have the best odds of winning the Copa America at +225. Highly likely to come out of a group that comprises Colombia, Paraguay, and Costa Rica—footballing nations not at their best yet—Brazil’s route to the last sixteen seems seamless. Currently, Colombia stands at +1200 to win the whole thing, Paraguay is at +6600 and Costa Rica with +8000 negligible chance of winning the tourney. Brazil in the footballing term is a team in crisis and possibly without Neymar through the Anterior Cruciate Ligament injury he sustained in October, they are still among the most potent sides in this competition. They are placed in the second half of the draw, their most difficult tests on the way to the final would be Uruguay and the United States both of which Brazil would be expected to beat most of the time.

Uruguay

While Uruguay is placed at +500 to win in the latest Copa America , the team is in good form having beaten Argentina and Brazil 2-0 in the World Cup Qualifiers by the end of 2023. For La Celeste it rather looks like a certainty they will be going through to the knockout stage but whether they will top the group or not is still in the balance. The main challenge for the Uruguay team will be hosts United States with +1200 , but Panama with +15000 and Bolivia with +15000 are expected to be beaten with a large margin in the Group C Nevertheless, though Uruguay has some weaknesses in the defense, their midfield and the attack are among the best in the competition. And now the Uruguay national team has such exquisite personalities as Darwin Núñez, Luis Suárez, Federico Valverde, and this is why it is deservedly ranked among the favorites of the Copa America.

Copa America Underdogs

United States

Team USA has +1200 odds to be one of the underdogs heading into Copa America since they have recently become the two-time CONCACAF Nations League champions. Currently dabbling in their second golden generation as they prepare themselves to co-host the 2026 World Cup, they have one of the highest expectations placed upon their young shoulders. Finally, there is controversy over choices made by Gregg Berhalter as a leader for the national team; however, the players in the initial formation ensured the USMNT had many of the players performing in prestigious clubs that are situated in Europe for the first time. Further improvement in their fortune should be expected considering that this will be happening on home soil. However, their journey to the final will not be easy for them, they will have to cast off power houses like Brazil, Colombia or Uruguay and most definitely they would have to hurdle it over a giant like Argentina for the final. Though I think the line should be significantly longer than +1200 because of the intense competition, based on our analysis, the USMNT is capable of beating anyone at any given time.

Mexico

Mexico (+1200) is one of the CONCACAF region’s football giants that cannot be dismissed in the context of the Copa America champions’ title. Canada is infamous for being a constant threat in the global scene, and this reputation follows Mexico also. Despite their recent misfortune of being knocked out in the first knockout stage of the FIFA world cup for the first time in fifteen years on the basis of a superior goal difference, the Gerrard led team is still ranked as one of the world’s best teams because they are capable of producing football of very high quality and co- ordination while at the same time lacking a marquee player. Mexico is ranked on the more favorable side of the bracket and is favored at -350 to win the group on some books. To get to the semi-finals, they would surely have to beat a ‘mug team’ such as Chile or Peru or Canada. By following this scenario, the Mexico team could view the road to winning the Copa America for the first time ever, possibly with only a couple of upset results. After final appearances in the Copa America in 1993 and 2001, maintaining a place on the Copa America roster and getting good support from the communities in the United States, Mexico should be seen as legitimate contenders.

Venezuela

Although teams like; Venezuela (+6600), have always assumed an ‘unfavored team’ status in CONMEBOL, they have greatly improved in this World Cup Qualifying round and are better placed to qualify as fierce competitors. This makes them now genuine contenders for getting to their first-ever FIFA World Cup finals especially due to the increased number of FIFA World Cup qualifiers from the region whereby CONMEBOL increased it from four automatic qualification teams and one intercontinental playoff spot to six automatic qualification teams and one playoff spot. Previously in the WCQ matches, the Venezuelan side has only been defeated once in six matches scoring remarkable games such as the 3-0 against Chile and a draw of 1-1 with Brazil. Not long ago, they came very close to defeating Italy in a friendly match at a venue that was neutral, and only lost the match in the 80th minute. Sure, Venezuela does and the Bolivarian nation finds itself in hopefully the easiest group of the lot and of the top half of the draw. While most are likely anticipating a miracle to occur where they end up winning it, their Copa America fixtures and form make them a possible outside-to-prospective winner bet in the tournament.

Copa America Qualifiers

Canada

For Peru and Canada, that’s the first time at this level the situation is quite different with Canada (+6600) becoming one of the contenders for the championship, Copa America will be perfect to show the growth on the international level. It is necessary, however, to remember that they ranked first in the CONCACAF for the 2022 World Cup Qualifying where they clinched their second ever World Cup berth. Though they failed to come out this year from one of the most competitive group stages of FIFA world cup, they have shown good form in Qatar but unfortunately they were even continuously plagued by injuries. If one looks at the team strength of Canada with players such as Alphonso Davies and Jonathan David along with numerous other world-class squad players, it means that presently Canada has the capacity to defeat any and every team. However, there are weak links which exist within the starting line up of the team that other better teams can capitalize on.

Bolivia

Personally, we do not advise anyone to bet for Bolivia at +15000 for several reasons. Firstly, they are placed in a very tough group with the two power houses of the United States and Uruguay that equals a virtual elimination in the group stages. Also, Bolivia takes the least of the place in the tournament; they rank 85 on the FIFA Men’s World Ranking as of April 2024. Their results in the World Cup Qualifying have been poor: one win in six games, 2:0 over the bottom of the table Peru in November. Moreover, Bolivia has managed to win only three out of the last nineteen games, since the beginning of the year 2022, against an inferior Saudi Arabian ‘B’ team, Peru, and Andorra. Save your money.

Copa America Betting Guide

Outright

As stated above, the two most common bets in Copa America soccer events are the selection of the overall winners of the competition which of course offer the longest price that any soccer team stands to get at any stage of the competition. As a rule, the first bets on the victory of the team are made much higher, that is why it’s better to do it as soon as possible. However, as illustrated by Argentina, following a shocking defeat to Saudi Arabia, such a team can make it to the group stage of FAC.

Group Winners

Also probably, besides the outright winner you can bet on which of the four teams will win each of the four groups of four teams in Copa America. Nevertheless, most betting sites have not started to open this market, but some of the available ones have odds for the group stage winners that are inclined towards Argentina, Mexico, Uruguay, and Brazil. In the same manner, one can place his stakes on the respective teams and the likelihood of their qualification to the knockout stage group. From the mentioned teams, with regard to the Copa America schedule of the playoff round, Argentina (-3000) is followed by Uruguay (-1600), USA (-600) and Brazil (-1000).

Golden Boot

After that, we have the Golden Boot, the market in which you can wager on the overall tournament’s goal scorer. This was going to open the market at the leading online sportsbooks once the official Copa America squads were named. Nonetheless, you can get word with Vinicius Júnior, Lionel Messi, Richarlison, and Darwin Núñez are expected to be possible favorites.