Carabao Cup Betting Odds 2026/27

The Carabao Cup is now underway for the 2026/27 season, with English football’s first silverware chase of the new campaign well and truly up and running. Manchester City head into the competition as holders after beating Arsenal in the 2026 final, with Pep Guardiola’s side chasing a fifth League Cup triumph since 2018 as the early rounds get going, with Premier League participants now in the fray.

On this page, we’ve rounded up the latest Carabao Cup outright odds from the UK’s top bookmakers, covering the odds in each game, with the first round kicking off before the top four divisions have even begun.

Carabao Cup Outright Odds

The latest odds for the Carabao Cup’s outright winner can be found below, with last season’s finalists Arsenal and Manchester City the two favourites.

Carabao Cup Odds – Round 3

Every team will have made their first appearance after round 3, with the top Premier League teams entering at this stage. Among the big clashes sees Liverpool take on Tottenham, while Manchester United host Brighton at Old Trafford.

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Carabao Cup Favourites

Manchester City have a superb record in the Carabao Cup in recent seasons. Much of that was due to Pep Guardiola’s insatiable appetite for success, but they also won the trophy under Manuel Pellegrini in 2024, their first of seven in the timeframe since.

They defeated 2026 Premier League champions Arsenal in the final last season. Mikel Arteta’s men put in a timid performance at Wembley, but now have that winning feeling from the league campaign. Liverpool and Manchester United have also won this trophy in the past five seasons, with each club’s history speaking for itself.

Carabao Cup Outsiders & Dark Horses

Chelsea and Newcastle have poor cup final records in all, but both sides have won this competition since 2015. They may both be below the highest echelon in terms of the Premier League this season, but each is capable of mixing it with the best. Similarly, Swansea’s victory in the 2013 League Cup, defeating fourth tier Bradford City in the final, shows that anything is possible in cup competitions.

Previous Carabao Cup Winners