Carabao Cup Betting Odds 2026/27

The Carabao Cup returns for the 2026/27 season, kicking off English football’s first silverware chase of the new campaign well before the Premier League gets underway. Manchester City head into the competition as defending champions after beating Arsenal in March 2026’s final at Wembley, and Pep Guardiola’s side will be eager to add another League Cup triumph to a trophy cabinet that already boasts four wins in the competition since 2018.

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 2

The draw for round 2 of the Carabao Cup has now been made. Due to complications over potential fixture congestion surrounding Chelsea and Fulham’s matches, kick off times have yet to be revealed.

Here is the draw in full, for round 2 of the Carabao Cup, with odds to come.

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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