Copa America 2024 Odds: Argentina Are the Favorites

Zack Bussiere
Zack Bussiere@ZackBussiere
Copa America 2024 Odds: Argentina Are the Favorites

The World Cup is coming to the USA in 2026, but before then, there are several major international tournaments to be played -- including Copa America 2024 this summer.

Copa America 2024 will kick off on June 20th in Atlanta and will run until July 14th, with 14 different venues hosting games.

Let's take a look at where the Copa America odds stand, per the soccer odds at FanDuel Sportsbook.

2024 Copa America Odds

Here are the full Copa America 2024 outright winner odds along with a breakdown of the current favorites.

Winner 2024
FanDuel Sportsbook Odds
View Full Table

Argentina (+170)

Argentina and Brazil form a two-team tier at the top off the odds, with the World Cup champions listed as the current favorites. La Albiceleste are the defending champions of this event after defeating Brazil in the final in 2021. They have made the final in three of the last four Copa Americas.

Drawn into Group A, Argentina will face an interesting slate of opponents. Canada is ranked 49th in the FIFA World Rankings but is in the middle of an impressive generation that qualified for the World Cup in 2022 by winning CONCACAF's qualifying tournament. Chile has fallen to 42nd in the World Rankings, but they have history with Argentina, defeating Lionel Messi and company in the final in both 2015 and 2016. Peru is ranked 32nd and finished fifth in World Cup Qualifying back in 2022.

Argentina, of course, have the talent to deal with Group A and will have far larger goals in mind. They sit on top of the World Rankings and are undefeated since their 2-1 loss to Saudi Arabia in the first match of the 2022 World Cup.

There will come a day, possibly soon, when Lionel Messi is no longer a part of the picture for Argentina, but today is not that day. Messi is joining the squad on Monday and is expected to play a role in Argentina's title defense. He's the favorite to lead the tourney in goals, listed at +300 Copa America Golden Boot odds.

Brazil (+220)

By most countries' standards, Brazil's consistency in major tournaments would be a positive -- but Brazil is not most countries. They expect the best, and they have fallen short of that recently with just one major trophy (2019 Copa America) since 2008. They have been eliminated in the quarterfinals of four of the last five World Cups, with a fourth-place finish in 2014 their best result.

They will be looking to improve on their runner-up finish from the 2021 Copa America and avenge their Final loss to rivals Argentina.

As is usually the case, Brazil has the talent to do so. They are currently fifth in the World Rankings, their lowest position since August of 2016, but remain among the best teams in the world in any given match.

At the 2022 World Cup, Brazil held each of their five opponents under 0.6 xG, per FBRef. They finished second in xG/90 (2.24) and allowed the fewest xG/90 (0.38). They have a 1-0 win over England and a 3-3 draw with Spain in friendlies this season.

Brazil was drawn into Group B alongside Colombia, Costa Rica, and Paraguay. Colombia is 12th in the World Rankings and should provide a test, but both Costa Rica (52nd) and Paraguay (56th) reside outside the top 50. Brazil is listed at -1300 odds to qualify for the knockout stages, the second-best odds behind only Argentina (-1600).

Uruguay (+500)

Uruguay sits in a tier of their own, below the two favorites and well ahead of Mexico (+1200) in fourth. In the four Copa Americas since 2015, La Celeste has failed to advance past the quarterfinals. They sit in 15th in the World Rankings and are looking to bounce back after failing to make it out of the group stages in the 2022 World Cup -- their first time failing to do so since they failed to qualify in 2006.

Uruguay is currently in the middle of a transition away from aging legends of the past and towards a younger generation. They will benefit from a friendly draw that saw them placed into Group C alongside the United States, Bolivia, and Panama. Uruguay is the only side that was in Plot 2 for the tournament draw that is favored to win their group. While the United States will pose a challenge, this is a far more favorable situation for Uruguay than having to face Argentina or Brazil.

Uruguay's path to the final will be drastically impacted by their performance in the group stage. If they win Group C, they will face the runner-up from Group D, which is projected to be Colombia. If they finish second in Group C, Uruguay will face the winner of Group D, which is projected to be Brazil. Bolivia (85th in the World Rankings) and Panama (45th) rounding out the group bodes well for Uruguay's odds of advancing from Group C (-1000), but there is a massive difference between first and second.

Uruguay's clash with the United States on July 1st, the final day of Group C fixtures, will likely be a high-stakes showdown for both sides.

Mexico (+1200)

Mexico leads a tier of three teams that are well below Uruguay but above Ecuador (+1800) in seventh and well above Chile (+3500) in eighth. They are looking to rebound after failing to reach the knockout stages of the World Cup for the first time since 1978. They did win the Gold Cup in 2023, but they have their eyes set on a larger prize, and the draw has provided them with a good opportunity to get one.

Mexico, 14th in the World Rankings, was fortunate to be drawn into Group B alongside Ecuador, Venezuela, and Jamaica. The Group contains the lowest-ranked team from Pot 1 and the second-lowest ranked team from Pots 2, 3, and 4. Despite that, Mexico's odds of advancing to knockout stages sit at only -340, lowest among group favorites -- all of whom are at least -1000 to advance.

The real advantage to Mexico's draw comes in the knockout rounds. If they win Group B, they will face the runner-up from Group A, projected to be Chile. They would avoid the other five teams ranked 15th or better in the World Rankings. Of course, for El Tri to win the tournament, they would still likely have to face Argentina, Brazil, or both -- but the unexpected happens all the time in knockout stages, and having a favorable path to the semis is a valuable advantage.

Colombia (+1300)

Colombia and the United States round out the tier that Mexico sits on top of. Both sides rank better than Mexico in the World Rankings but received more difficult draws.

Colombia is looking to rebound after failing to qualify for the 2022 World Cup -- finishing sixth in CONEMBOL qualifying. Since that failure, they have shown signs of a quick turnaround -- they are undefeated in their 11 friendlies since, with two draws and nine wins, including victories over Spain, Germany, Japan, and Mexico.

They will have to contend with Brazil in Group D, but even if they finish as runner-up, they project to be in a winnable match against Uruguay or the United States in the quarterfinals.

United States (+1400)

The United States fell out of the 2022 World Cup in the Round of 16 with a disappointing performance against the Netherlands. Since then, they crashed out in the semi-finals of the Gold Cup with a loss to Panama on penalty kicks and then defeated Mexico in the finals of the CONCACAF Nations League in March.

This will be Gregg Berhalter's first major tournament since he was retained as manager following a coaching search after the 2022 World Cup. With the 2026 World Cup on the horizon, a good result in Copa America would go a long way toward confirming that retaining Berhalter was the correct decision.

USA is the only Pot 1 team that is not favored to win their group -- Uruguay is -140 while the US is +150. Despite that, they have better odds to advance to the knockout stages (-490) than Mexico -- a group favorite -- does.

Assuming they do advance, the United States will likely face a difficult path to the final. If they finish second in Group B, they will likely battle Brazil in the quarterfinals. If they manage to upset Uruguay and win Group B, the Americans could still face a dangerous opponent in Colombia and still might have to face Brazil in the semi-finals after that.

It will not be an easy path, but this is a talented USA roster that is looking to finally take the next step and arrive on the international stage. This tourney on home soil is an excellent opportunity to do so.

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The above author is a FanDuel employee and is not eligible to compete in public daily fantasy contests or place sports betting wagers on FanDuel. The advice provided by the author does not necessarily represent the views of FanDuel. Taking the author's advice will not guarantee a successful outcome. You should use your own judgment when participating in daily fantasy contests or placing sports wagers.