The 2026 World Cup field is set, and the betting market is clustering once again around several established contenders.

With lines shifting frequently, Spain currently holds the top spot on World Cup winner odds, followed closely by France and England.

Host nations—and teams that will not be taking part—remain part of the conversation as sportsbooks price out outcomes across all 48 teams.

Spain is listed as the favorite to win the tournament at +450, giving the team a clear lead over the rest of the market.

France is next at +550, and England sits at +650. England was previously tied for second at +600, but Spain’s shorter number has kept the race for top spot headed by the Iberian side.

Two additional teams round out the next layer of leading title contenders. Brazil and reigning champions Argentina are both priced at +850, completing a top group of five teams at the front of the board.

After the initial favorites, the odds spread out into a broader group commonly viewed as the next tier of challengers. Portugal is at 11-1, Germany is at 14-1, and the Netherlands are priced at 20-1.

Other teams are positioned not far behind that cluster, including Belgium (+35-1) and Colombia (+40-1). Among the relative newcomers drawing betting attention, Norway is listed at 28-1 and Japan at 50-1—with Japan reportedly opening at 100-1 at some shops.

As expected, host nations are priced longer in the market. The USA is at 65-1, Mexico is at 70-1, and Canada is at 200-1. Even with those extended prices, betting interest in the U.S. remains notable, particularly at American sportsbooks.

The figures cited highlight how much attention US teams are drawing. According to the report, bettors have placed 6.7% of tickets and 4.9% of the handle on American teams, making the U.S. market one of the largest liabilities for the sportsbook.

The same figures also place France (17.7% of handle) and England (14.3% of handle) among the biggest drivers of handle elsewhere in the market.

One of the clearest storylines from the odds board is what’s missing: Italy failed to qualify for the World Cup for a third consecutive tournament. Italy’s elimination came after a UEFA playoff loss to Bosnia and Herzegovina (250-1).

Before the playoff defeat, Italy had been ranked 10th on the odds board at 30-1, but the team will not be part of the 2026 field.

These prices reflect the market at the time of publication, and they are subject to change.