2024 Copa America Odds and Predictions

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Copa America may not be quite as glamorous as the World Cup or the Euros, but this year’s version has a little more flair than usual. This competition is usually specific to CONMEBOL, but the 2024 Copa America features a handful of teams from the North and Central American confederation – CONCACAF. The top online sportsbooks out there are updating their 2024 Copa America odds as the tournament proceeds.

We’re still in the very early stages of the competition with group play underway. Favorites like Brazil and Argentina are predictably near the top of odds boards, but these kinds of tournaments always have the potential for chaos. Once you factor in that every game will take place in the United States, there’s nothing resembling a lock in this year’s event.

This year’s Copa America not only promises exciting matches and unforgettable moments, but it also presents a golden opportunity for you to test betting strategy. So, which teams are worth keeping an eye on if you’re interested in getting in on the action from a betting standpoint? Whether you’re a seasoned bettor or a newcomer looking to get in on the action, this guide will help you navigate the Copa America betting odds and improve your chances of placing winning wagers.

Updated Copa America Odds

The 2024 Copa America field is comprised of 16 teams, so it’s considerably smaller than the 24-team UEFA European Championships. 10 teams from South America’s CONMEBOL are in the mix, while the other 6 hail from CONCACAF.

The top 2 finishers from each of the 4 groups will advance to the knockout rounds. The quarterfinal will get underway on July 4th, with the semis set for July 9th and 10th. The final – which will take place at Hard Rock Stadium in Miami, Florida – will go down on July 14th. There’s also a third-place game set for the day before the final.

Below are the up-to-date odds to win Copa America, courtesy of BetOnline:

Odds to Win Copa America 2024Odds to Win Copa America 2024
Argentina (+175)Brazil (+225)
Uruguay (+450)Colombia (+1000)
Mexico (+1200)United States (+1400)
Ecuador (+3300)Chile (+3300)
Venezuela (+5000)Peru (+6500)
Paraguay (+8000)Canada (+10000)
Costa Rica (+12500)Jamaica (+25000)
Panama (+35000)Bolivia (+35000)

Argentina (+175)

The reigning World Cup champs picked up right where they left off in the Group A opening victory over Canada. It wasn’t the best effort we’ve ever seen, but great teams find a way to get results even when they’re not firing on all cylinders. Julian Alvarez and Lautaro Martinez found the score sheet while Lionel Messi played a hand in both goals in that 2-0 triumph.

To say Argentina are prohibitive Copa America favorites is likely an understatement. Their +175 odds to win the competition suggest as much. Brazil at +225 are somewhat close, though I think those odds are based more on reputation than anything else. This iteration of Brazil is not really on the same level as a full-strength Argentina.

Back in 2022, Messi carried Argentina to its first World Cup title since 1986. He just turned 37, but he’s shown no signs of slowing down. Messi did uncharacteristically blow a couple of golden scoring chances against Canada, but those are opportunities we can still trust him to convert more often than not. Messi is the talisman here, but he’s far from the only world-class player still in the side.

Emiliano Martinez is going to be difficult to beat in goal when he’s in form. Argentina have so much talent that the likes of Lautaro Martinez, Enzo Fernandez, and Alejandro Garnacho have been relegated to reserve duty. No other team in the competition has nearly as much firepower coming off the bench. If the key pieces stay healthy, Argentina feel like a very safe bet even at +175 Copa America odds.

Brazil (+225)

Brazil are arguably the most successful side in the history of world soccer, though it’s been a while since the Seleção have lifted a trophy at an international competition. Brazil last won Copa America back in 2019, but their most recent World Cup triumph was 22 years ago in Korea.

This year’s squad is full of unknowns. Longtime stalwarts including Neymar Jr. Casemiro, Roberto Firmino, and Richarlison have been left out of the side, which signals the arrival of a new generation. 17-year-old Endrick – who will officially join Real Madrid this summer – is the biggest name among the new faces. This will be Endrick’s first major test in a Brazil shirt, and it’ll be interesting to see how the wunderkind fares against veteran competition.

The unquestioned star of this year’s Brazilian side is Vinicius Jr., who’s fresh off of yet another Champions League victory with Real Madrid. Vini is arguably the best attacker in the world these days after bagging a total of 24 goals and 9 assists in all competitions this past term. Brazil still boasts arguably the world’s best goalkeeper in Liverpool’s Alisson, while veterans Marquinhos, Danilo, and Eder Militao will make the Brazil back line difficult to breach.

Brazil endured a rough 2023 that saw them lose 3 consecutive World Cup qualifiers, but they did manage to bounce back with a win over England at Wembley Stadium and a draw against Spain earlier this year. Perhaps those most recent results against a couple of legitimate European powerhouses will give Brazil some confidence as they prepare for their Copa campaign.

Uruguay (+450)

The only other side with odds on this side of +1000 to win Copa America 2024 is Uruguay at +450. La Celeste kicked off their tournament with a solid 3-1 victory over Panama to kick off play in Group B. It was a cagey battle for most of the first half, but Uruguay bagged a couple of late goals to put the match on ice. Uruguay’s 15 Copa America titles is tied with Argentina for the most ever.

Uruguay doesn’t have quite as much world-class talent as either Argentina or Brazil, but there are a few notable names here. Real Madrid’s Federico Valverde and Tottenham’s Rodrigo Betancur are key men in midfield, while Liverpool’s Darwin Nunez will spearhead the attack. Nunez was among the most prolific chance-creators in Europe last season, but finishing those chances was another story entirely. Nunez did get on the scoresheet in that aforementioned win over Panama, which could be a good sign moving forward.

Luis Suarez – Uruguay’s all-time leading scorer with 68 international goals – is likely to play a secondary role in this tournament. The Inter Miami man didn’t get off the bench in the Panama game, though you can bet Marcelo Bielsa will call his number if Uruguay are in need of a late goal at some point. Uruguay’s matchup against the United States in the third game of Group B play could decide the winner of the 4-team set.

Colombia (+1000)

Colombia will have to contend with the mighty Brazil in Group D, but even a 2nd-place finish will be enough to get them through to the knockouts. Colombia are one of the most dangerous attacking teams in the lot, as we saw in their 5-1 shellacking of the US in a pre-tournament friendly earlier this month.

Colombia are talented, but their next Copa America tournament win will be their first since all the way back in 1945. Los Cafeteros have made a few decent World Cup runs since then, though they’ve never advanced further than the quarters in that competition, either. After missing out on the 2022 World Cup entirely, Colombia have since rattled off a 20-match streak without a loss. That stretch includes extremely impressive wins over Brazil, Germany, and Spain.

Longtime captain James Rodriguez is back for another run at glory, while Liverpool winger Luis Diaz may be the best player in the side at this point. The back line will be anchored by a pair of former Premier League defenders in Yerry Mina and Davinson Sanchez, but there are question marks in the midfield. Rodriguez is no lock to start at this advanced stage of his career, though Jefferson Lerma and Mateus Uribe are a couple of defensive-minded midfielders who could prove to be difficult matchups for opponents.

United States (+1400)

Given the status of both rosters, I’m legitimately shocked to see Mexico (+1200) with better soccer odds than the host nation, the United States, at +1400. While Mexico will enjoy a comparable home-field advantage as the US for any match they play in this tournament, this just isn’t the same Mexican side we’ve seen over the past decade or so. Longtime stalwarts like Guillermo Ochoa, Chucky Lozano, and Hector Herrera were excluded from the squad as El Tri look to give a younger generation a chance to improve.

The US, meanwhile, is fielding arguably its most talented roster in history. Christian Pulisic will be the star man here, and he got off the mark with a goal and an assist in the Americans’ drama-free triumph over Bolivia to kick off Group B action. They shouldn’t have much of an issue at least grabbing a result against Panama, while the aforementioned clash against Uruguay will be one of the standout matchups of the group phase.

Many are pegging the Americans to advance decently far in this competition on home soil, though it won’t be easy. Coming out on top of Group B would likely set up a quarterfinal matchup against the same Colombia side that destroyed them in a game just before the tournament. If the US finish second in the group, they’ll face an even stiffer test against likely Group D winner Brazil in the quarterfinal round.

If they win the Group and knock off Colombia in a hypothetical quarterfinal showdown, the Americans will likely draw Brazil in the semis. After that, they’d be looking at Argentina on the other side of the bracket in what would be a must-see final against Messi and co. Rather than being a shameless homer and advocating for a flier on the US at +1400 odds to win Copa America, I’d much rather take a shot on the Yanks to advance past the quarters and into the semis. You can get +300 odds on the US to be eliminated in the semifinal round.

Who Will Win Copa America 2024?

At this point, anyone other than Argentina lifting another trophy would be a major surprise. This would be the Argentines’ third consecutive major tournament victory after winning the 2021 Copa America and 2022 World Cup. The last time any single side rattled off 3 straight major tournament wins was Spain’s golden generation, which won a pair of Euros and a World Cup between 2008 and 2012.

Even an unproven Brazilian side is going to be a tough team to beat, but you’re not getting enough value on Brazil relative to Argentina at +225 Copa America odds. As I said before, I think the odds are only that favorable based on the nation’s storied history at the international level. I’d sooner bet on Uruguay at a more favorable +450 number.

You’re not getting amazing value with Argentina at +175, but who’s going to beat them? Uruguay, Brazil, and Colombia are all decent enough to possibly nick a result against the defending champs, but it’s extremely hard to imagine anybody else going on to lift the trophy this summer.

Copa America Bet: Argentina (+175)
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Kody Miller
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Kody Miller has over a decade of experience in the sports betting industry, where he has worked closely with content, marketing, and SEO teams. With a deep understanding of the field, Kody's goal is to deliver the highest quality content to readers, ensuring they have access to accurate, engaging, and insightful information.