2023 Women’s World Cup Betting Odds: Why it’s time to back an underdog to win it all

World Cup
Zambia’s Avell Chitundu vies for the ball with Spain’s Eva Navarro , right, during the Women’s World Cup Group C soccer match between Spain and Zambia at Eden Park in Auckland, New Zealand, Wednesday, July 26, 2023. (AP Photo/Abbie Parr)

The Women’s World Cup is already nearing its end. The Quarter Finals delivered an exhilarating slate of games and now there are only four teams left competing for the grandest prize in all of Women’s Soccer. With the USWNT eliminated, we are now guaranteed to crown a new champion, but which team is the favorite in the betting markets?

Draftkings Sportsbook
States: NY, LA, AZ, CO, Il, IN, IA, MI, NH, NJ, PA, TN, VA, WV
New Player Bonus
Sign up here
Get $100 of Risk-Free bets on Women’s World Cup

Spain is the leading favorite to win the 2023 Women’s World Cup

Spain+160
England+190
Australia+400
Sweden +425

Not many people predicted that the USWNT would be eliminated in the round of 16. In their wake, England and Spain look to be the leading candidates, with the Spaniards having the easier route to the Final.

Spain will take on Sweden on Monday night (EST) in the first of two semi-final matchups this week, but beating them will be no easy task. Sweden has made the Round of 16 in all four of their most recent World Cup appearances and have finished third on two of those occasions. They’re well-versed in the intensity that this stage of the Women’s World Cup can bring and are yet to lose a game this tournament. Momentum is very much on the side of the Swedish and at +425 to win it all, this certainly has to be one of the most attractive bets you can make.

England is a team to watch at +190. Their iconic European Championship victory has been followed up with a heroic effort from the Lionesses in the tournament. It took penalties to push them into the Quarter Final, but they were able to get past Colombia in a relatively easy fashion. Their opponents scored right on the edge of halftime to take a 1-0 lead, only to concede just moments later. Alessia Russo got the winner, and now England is just two games away from winning its first-ever World Cup.

Australia will be the team tasked with stopping Georgia Stanway and company from roaring into the Final. This is their first-ever semi-final appearance and one could argue that England is well-equipped to handle this pressure, whereas the Aussies may experience some teething problems early on.

England and Sweden would be the two teams I back to win the 2023 Women’s World Cup at this stage. If you’re looking to bet on either of these teams, you can get some amazing offers to enhance your odds from sportsbooks below.

Women’s World Cup
England’s Lauren James, right, celebrates after scoring her side’s first goal during the Women’s World Cup Group D soccer match between England and Denmark at the Sydney Football Stadium in Sydney, Australia, Friday, July 28, 2023. (AP Photo/Mark Baker)

Women’s World Cup Betting offers

You can get a FREE $100 bet on the USWNT to win the World Cup just by signing up to DraftKings using the link below and wagering $5!

Draftkings Sportsbook
States: NY, LA, AZ, CO, Il, IN, IA, MI, NH, NJ, PA, TN, VA, WV
New Player Bonus
Sign up here
Get $100 of Risk-Free bets on Jalen Hurts to win MVP

If you bet $5 on England to win the Women’s World Cup right now, it returns $10. However, if you sign up to DraftKings with this offer, then you could then use your FREE $100 bet to place on the same Women’s World Cup market and the return would be a much better $200! Considering that this is risk-free money, it’s a much better way to bet on the Women’s World Cup.

If you already have a sportsbook account and bet on the USWNT to win the Women’s World Cup, that’s great. But by signing up to DraftKings, you’re getting yourself a FREE $100 bet on the same market.

Draftkings Sportsbook
States: NY, LA, AZ, CO, Il, IN, IA, MI, NH, NJ, PA, TN, VA, WV
New Player Bonus
Sign up here
Get $100 of Risk-Free bets on Jalen Hurts to win MVP
Women’s World Cup
England’s Rachel Daly jumps for the ball beside Colombia’s goalkeeper Catalina Perez during the Women’s World Cup quarterfinal soccer match between England and Colombia at Stadium Australia in Sydney, Australia, Saturday, Aug. 12, 2023. (AP Photo/Mark Baker)

AP Photo/Abbie Parr