Spain are the current favourites to win the 2026/27 UEFA Nations League, with reigning World Champions priced at 7/2 in the outright winner market.
The 2026/27 UEFA Nations League gets underway this week, with Europe’s leading nations battling for a place in next summer’s finals. Spain enter the new campaign as the current favourites in the outright winner market, with France, England and Germany also among the leading contenders.
The group stage begins on September 24, with League A containing several heavyweight groups, including Spain, England and Croatia in Group A3. The four quarter-final winners will then progress to the finals in June 2027.
Who is the Favourite to Win Nations League?
Spain are currently the shortest-priced team in the Nations League winner market at 7/2, according to latest odds on Oddschecker.
La Roja are the reigning champions after beating Portugal on penalties in the 2025 final, having also reached the final in 2023 before losing to Portugal. They will begin their title defence in Group A3 alongside England, Croatia and Czechia.
Spain face Croatia in their opening match before taking on England, meaning the defending champions will immediately face one of the other leading contenders.
France are next at 4/1. Les Bleus reached the semi-finals in the previous edition before losing 5-4 to Spain, although they recovered to beat Germany 2-0 in the third-place play-off.
France have been drawn in Group A1 with Italy, Belgium and Türkiye. England and Germany are both priced at 5/1. England face a particularly demanding group, with Spain and Croatia alongside them in Group A3, while Germany are in Group A2 with the Netherlands, Serbia and Greece.
Portugal are also among the leading names at 10/1. They are the most recent nation to lift the trophy alongside Spain, having beaten La Roja on penalties in the 2025 final.
Previous Nations League Winners
The UEFA Nations League was first played in 2018/19, with four different editions producing three different winners. Portugal won the inaugural tournament in 2019, beating the Netherlands 1-0 in the final in Porto.
| Year | Winner | Final |
|---|---|---|
| 2019 | Portugal | Portugal 1-0 Netherlands |
| 2021 | France | France 2-1 Spain |
| 2023 | Spain | Spain 0-0 Croatia (5-4 pens) |
| 2025 | Portugal | Portugal 2-2 Spain (5-3 pens) |
France became the second nation to lift the trophy in 2021, beating Spain 2-1 in Milan. Spain then claimed their first Nations League title in 2023. La Roja drew 0-0 with Croatia after extra time before winning 5-4 on penalties in Rotterdam.
Portugal returned to the final in 2025 and secured their second Nations League title. The final against Spain finished 2-2 after extra time before Portugal prevailed 5-3 in the penalty shootout in Munich.
Portugal are therefore the only nation to have won the competition twice, while France and Spain have each lifted the trophy once. The 2026/27 edition begins with the group stage before the League A quarter-finals in March 2027. The four-team finals will then take place from June 9-13, with the next Nations League champion crowned that month.
