Carabao Cup 2026-27 Odds: Arsenal Favourites As First Round Begins

The Carabao Cup kicks off tonight, with Arsenal the outright favourites to win the first domestic silverware of the season, just ahead of holders Manchester City.
Carabao Cup 2026-27 Odds: Arsenal Favourites As First Round Begins
Jake Ashton
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  • Arsenal are the outright favourites to win the Carabao Cup, priced at 4/1 with bet365 as the first round gets underway this evening
  • Holders Manchester City, who beat Arsenal in last season's final, sit just behind at 6/1
  • Liverpool, Manchester United and Chelsea round out the leading contenders, with the competition offering the first domestic silverware of the new season

The Race For Season's First Silverware Begins

There's a buzz around English football this evening as the Carabao Cup gets underway, offering clubs the first realistic shot at domestic silverware of the new campaign. 

Bookmakers have already priced up the outright market, with Bet365 making Arsenal their clear favourites heading into the opening round of fixtures.

With the first round underway tonight, the fixtures represent the opening step in a competition that traditionally offers smaller clubs a genuine chance to test themselves against Premier League opposition, while giving the bigger clubs an early opportunity to build momentum and fringe players a chance to stake their claim.

City Look To Defend Their Crown

Just behind Arsenal, holders Manchester City are priced at 6/1 as they look to defend the trophy they won last season. 

That triumph came at Arsenal's expense in the final itself, adding an extra layer of intrigue to this year's market given the two sides currently occupy the top two positions in the outright betting. 

Whether that rivalry resurfaces again in the competition this season remains to be seen, but City's continued short price gives them a strong chance of retaining their Carabao crown.

Carabao Cup Outright Odds

Carabao Cup 26/27 Outright
OddsImplied Probability
Arsenal4/120.0%
Man City6/114.3%
Liverpool7/112.5%
Man United8/111.1%
Chelsea8/111.1%
Tottenham11/18.3%
Aston Villa16/15.9%

The Chasing Pack

Behind the two leading contenders, Liverpool are priced at 7/1, continuing to be viewed as genuine contenders for domestic honours with Andoni Iraola taking over this season. 

Manchester United and Chelsea both sit at 8/1, giving this year's market a distinctly top-six feel among the leading prices. 

Tottenham follow at 11/1, while Aston Villa round out the currently listed contenders at 16/1, a reflection of their continued progress under Unai Emery.

Where To Bet On The Carabao Cup

Bet365 currently offer one of the most detailed markets on this year's competition, both for the outright winner and for tonight's individual first round fixtures, though it's always worth comparing prices across a wider range of betting sites before placing a bet. 

Our guide to the best football betting sites is a great place to start for comparing the top operators for markets like this one.

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