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- Manchester City are 8/5 favourites to win the Carabao Cup ahead of their semi-final first leg vs Newcastle.
- Chelsea vs Arsenal headlines the second semi-final, with the Gunners slight favourites at 7/4 to win the trophy.
- Newcastle are the reigning champions but are 13/2 outsiders in this year’s outright market.
Man City Lead Market Ahead of Clash with Newcastle
The Carabao Cup semi-finals get underway this week as four teams battle for a spot at Wembley and the chance to lift the first major silverware of the 2025/26 English football season.
Defending champions Newcastle United host Manchester City at St James' Park in the first leg of their semi-final on Tuesday night, while Wednesday serves up a massive London derby as Chelsea welcome Arsenal to Stamford Bridge.
With Manchester City currently leading the outright betting, all eyes will be on how they handle a hostile away leg in the North East.
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Carabao Cup Winner Odds 2025/26
| Carabao Cup Winner Odds | Odds | Implied Probability |
|---|---|---|
| Manchester City | 8/5 | 38.5% |
| Arsenal | 7/4 | 36.4% |
| Chelsea | 4/1 | 20.0% |
| Newcastle United | 13/2 | 13.3% |
Pep Guardiola’s side are once again strongly favoured to lift the League Cup, a competition they’ve dominated in recent years.
But Arsenal aren’t far behind in the betting as Mikel Arteta targets his first Carabao Cup win as Gunners boss.
Newcastle vs Manchester City – Tuesday, Jan 13
Venue: St. James’ Park | Kick-off: 20:00 GMT
| Result | Odds |
|---|---|
| Newcastle United | 15/8 |
| Draw | 13/5 |
| Manchester City | 21/20 |
Newcastle enter this tie as 13/2 outsiders in the outright market but could take confidence from hosting the first leg at a sold-out St James’ Park.
The Magpies will be eager to establish a lead before heading to the Etihad in three weeks’ time.
City remain slight favourites for this match despite being away, with Ladbrokes pricing them at 21/20 to take a first-leg advantage back to Manchester.
Chelsea vs Arsenal – Wednesday, Jan 14
Venue: Stamford Bridge | Kick-off: 20:00 GMT
| Result | Odds |
|---|---|
| Chelsea | 19/10 |
| Draw | 12/5 |
| Arsenal | 23/20 |
A massive clash in the capital sees Arsenal priced at 23/20 favourites by Ladbrokes to win at Stamford Bridge, while Chelsea are 19/10 underdogs despite home advantage.
This tie is the tighter of the two on paper.
Expect a cagey first leg with both managers likely to play strong lineups.
Where To Bet on the Carabao Cup
Looking for the best football betting sites to place your Carabao Cup bets? OLBG has you covered.
🎯 See our list of best football betting sites
🎁 Grab exclusive free bets and welcome offers
📖 Read the full Ladbrokes bookmaker review
You’ll find Carabao Cup winner odds, match betting, correct score markets, and in-play specials at all leading UK bookmakers.
18+ New UK+ROI Customers only. Certain deposit methods & bet types excluded. Min first £5/€5 bet within 14 days of account registration at min odds 1/2 to get 6 x £5/€5 free bets (selected sportsbook markets only, valid 7 days, stake not returned). Restrictions + T&Cs apply.
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