Who are the favourites to win the 2026/27 Carabao Cup? We break down the latest winner odds and leading contenders.
The 2026/27 Carabao Cup is underway, and the outright betting market is already beginning to take shape. While Premier League clubs traditionally rotate heavily in the early rounds, the competition has become increasingly important in recent years, offering the first major domestic trophy of the season and a route into European football.
Manchester City reclaimed the trophy last season with a 2-0 victory over Arsenal at Wembley, but the Gunners have been installed as the favourites to finally end their long wait for League Cup success. Liverpool, Chelsea and Manchester United are also expected to mount serious challenges, making this one of the most competitive outright markets of the campaign.
Who is the Betting Favourite to Win the Carabao Cup?
According to recent odds at Oddschecker, Arsenal are the betting favourites to win the Carabao Cup, with an implied win probability of around 17%, while Manchester City sit at roughly 14%.
Andoni Iraola's Liverpool are tipped a 13% chance of lifting his first silverware with Liverpool, while 2023 Winners Manchester United are handed a 11% chance by the betting markets to lift the trophy.
Arsenal - 5/1 favourites
Arsenal head into the new season as 5/1 favourites to win the Carabao Cup after finishing runners-up in last season's final.
Mikel Arteta's side finally broke their Premier League title drought last season, and with expectations higher than ever, adding domestic silverware will be a priority. The Gunners boast one of the deepest squads in England, allowing Arteta to rotate without sacrificing quality.
Having fallen at the final hurdle against Manchester City last season, Arsenal will be determined to go one better this time around.
Manchester City - 6/1
The holders are once again among the leading contenders.
Manchester City lifted a record-extending ninth League Cup last season after defeating Arsenal at Wembley, continuing Pep Guardiola's remarkable record in the competition. City have traditionally treated the Carabao Cup seriously, winning it multiple times under Guardiola, and their squad depth makes them dangerous regardless of rotation.
Despite undergoing another squad refresh this summer, City remain a major threat in every competition they enter.
Liverpool - 15/2
Liverpool sit just behind the two favourites at 15/2.
The Reds have strengthened again this summer and are expected to challenge on multiple fronts after another impressive Premier League campaign. While squad rotation is inevitable given their Champions League commitments, Liverpool possess one of the strongest second XIs in Europe.
If Arne Slot chooses to prioritise domestic silverware early in the season, Liverpool have more than enough quality to make another deep cup run.
Manchester United - 8/1
Manchester United are priced at 8/1 following an eventful summer that has seen Michael Carrick take charge at Old Trafford.
The Red Devils showed encouraging defensive improvement during the second half of last season and have continued rebuilding their squad ahead of the new campaign. The Carabao Cup has often provided United with an opportunity to build momentum, and lifting an early trophy would represent a significant statement under their new manager.
With greater squad depth than in previous seasons, United could become an attractive each-way proposition.
