2024 Copa America Odds & Betting Favorites: Argentina's Quest to Defend

We are less than one month away from the start of Copa America 2024 and Argentina is the betting favorite to defend their crown. Can Lionel Messi keep Argentina at the peak of international soccer, or will Brazil have something to say about that come June?

Publishing Editor
May 23, 2024 • 10:59 ET • 4 min read
Lionel Messi Argentina Copa America
Photo By - USA TODAY Sports

The 48th edition of the 2024 Copa America is right around the corner and will run from June 20 to July 14 in the United States. Fourteen venues will host fixtures with the finals set for July 14 at Hard Rock Stadium in Miami, Florida. 

Sportsbooks have started fine-tuning the Copa America odds and to the surprise of nobody, Argentina is the betting favorite with Brazil a close second. 

Let's break down all the soccer odds below including Team USA. 

2024 Copa America Odds

Team Betano
Argentina  +175
Brazil +200
Uruguay +600
Mexico +1,100
Colombia +1,200
USA +1,400
Ecuador +1,700
Chile +2,900
Peru +4,900
Canada +4,900
Costa Rica +5,900
Paraguay +7,400
Venezuela +7,400
Jamaica +19,900
Bolivia +34,900
Panama +49,900

Odds as of 5-23

2024 Copa America betting favorites

Argentina (+175)

On the heels of their World Cup triumph, Argentina finds themselves situated atop the Copa America 2024 odds boards as the betting favorites, and with good reason. 

La Albiceleste currently holds top spot in World Cup qualifying having taken 15 out of a possible 18 points. They've done so through excellent defending, conceding just two goals through six matches while notching eight timely goals of their own. 

Lionel Messi continues to dawn the white and blue and with him healthy and in the lineup at next year's Copa America tournament, Argentina has every chance of defending their Copa America crown and winning three major pieces of hardware on the trot. 

Wouldn't that be something?

Brazil (+200)

As is often the case when it comes to the Brazilian National Team, anything short of winning and winning with flair is considered a failure. 

Despite the boatload of talent this team possesses, they've not won any hardware in four years, which for them feels like an eternity. 

Their current form is poor, sitting on just seven points (sixth overall) in World Cup 2026 qualifying. 

Will they be able to rectify their issues and put together a tournament worth remembering? They certainly have the pieces to do so. 

Uruguay (+600)

If you try to compare talent levels between Uruguay and the top two choices, you'd be stopped in your tracks. 

Uruguay is the epitome of a team whose sum is greater than its parts. 

Sure, having the likes of Darwin Nunez and Nicolas de la Cruz helps the attack flourish, but it's the defense that suffocates you and gives up very little. 

Come next summer, if Uruguay has a fully healthy lot of players to choose from, they are going to be a serious contender to win their first Copa America title since 2011.

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United States Odds to win Copa America

With the tournament being held on American soil, most will be inclined to back the Red, White, and Blue until the very end. While that is patriotic, the reality is that this American team leaves a lot to be desired. 

They've not shown the ability to win big matches, as seen by their most recent exit (shockingly, at that), in the Gold Cup semifinals vs. Panama. 

They were unable to break down Panama more than once and were ultimately eliminated via penalties. 

How do you think they are going to fare against the likes of Uruguay, and possibly Brazil or Argentina in the knockout stages?

Below are some Copa America odds surrounding the host nation. 

  • Outright win: +1,400
  • Group C winner: +125
  • To qualify from Group C: Yes --588, No +410
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Copa America best bet: Argentina to win (+175 at Betano)

By Chris Vasile

More Messi Magic

While it may seem dull, and make for a potentially boring tournament, Argentina enters this year's Copa America in fine form. 

They sit atop the CONMEBOL standings for the 2026 World Cup and have conceded just twice in six games. 

With Lionel Messi set to turn 37 at the onset of the tournament, you'd be foolish to count him out. 

He's the straw that stirs the drink and with a plethora of high-quality players around him and a stout defensive line, Argentina should face very little resistance until the semifinals, if not the Finals. 

As for Brazil — their main rival — the loss of Neymar will be too much to overcome and we've seen a dip in their form leading up to this tournament with just one win (a friendly) over their last six fixtures in all competitions. 

Give me Messi. Give me Argentina. 

Pick made on 4-23

2024 Copa America group specials

The Copa America field is set with Canada and Costa Rica securing the final two spots via playoffs.  

As the defending champions, Argentina has been designated to Group A. Mexico will be competing in Group B, the host U.S. in Group C, and Brazil in Group D.

The remaining teams have been drawn into the following groups:

Group Teams
A Argentina, Peru, Chile, Canada
B Mexico, Ecuador, Venezuela, Jamaica
C USA, Uruguay, Panama, Bolivia
D Brazil, Colombia, Paraguay, Costa Rica

2024 Copa America winning group odds

Groups Betano
Group A +140
Group B +500
Group C +400
Group D +140

Odds as of 5-23

Past Copa America winners

Year Winner Runner-Up
2021 Argentina Brazil
2019 Brazil Peru
2016 Chile Argentina
2015 Chile Argentina
2011 Uruguay Paraguay
2007 Brazil Argentina
2004 Brazil Argentina
2001 Colombia Mexico
1999 Brazil Uruguay
1997 Brazil Bolivia
1995 Uruguay Brazil

How to bet Copa America 2024 outright odds

Betting on the outright winner of Copa America 2024 is an extremely popular futures betting option and odds usually come out soon after the previous Copa America winner is crowned. These odds will adjust based on how countries and players perform leading up to the tournament. Sportsbooks will also adjust the soccer odds based on handle and liability with certain nations.

Futures odds are displayed in list form, showing each option and its odds – most often ranked from best chances to win to worst. You will usually see a plus (+) sign in front of a team's futures odds, like this:

  • Uruguay +550

This means that on a $100 bet, you would stand to win $550 if Uruguay won Copa America 2024. As we get closer to the Copa America Final or if one team has been extremely dominant, you might see a country with a minus sign (-) ahead of its odds. 

  • Brazil -110

This would mean that you have to bet $110 to win $100 on a Brazil Copa America outright victory.

Above we have posted the American odds for Copa America 2024. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool

Where can I bet on Copa America 2024 odds?

As a signature tournament for the most popular sport in the world, almost every online sportsbook and betting site will offer odds for Copa America. Check out the best soccer betting sites available where you live.

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