The EFL Cup, also known as the Carabao Cup, features 92 English clubs, with the final to be played at Wembley Stadium on Sunday, March 21st 2027. The current champions are Man City, who beat Arsenal in the 2026 final. Arsenal are currently the betting favourites to claim the prize, with Chelsea second and Man City in third.
| Team | Outright Odds |
| Arsenal | 7/2 |
| Chelsea | 5/1 |
| Man City | 11/2 |
| Liverpool | 7/1 |
| Man Utd | 8/1 |
| Tottenham | 10/1 |
| Newcastle | 16/1 |
| Aston Villa | 18/1 |
| Everton | 20/1 |
| Brentford | 20/1 |
These outright odds give bettors an early indication of the leading contenders for the trophy, with betting apps 18 plus offering a range of markets on the EFL Cup throughout the 2026/2027 season.
#1 Arsenal: 7/2
After losing the 2026 EFL Cup final to Manchester City, Arsenal are currently the bookies’ favourites to win it in 2027. The last time Arsenal lifted the EFL Cup was back in 1993 when they beat Sheffield Wednesday. The reason Arsenal are favourites is their squad depth and current form. Arsenal are the current Premier League champions and certainly the best team in England right now.
#2 Chelsea: 5/1
The Chelsea squad gives manager Xabi Alonso plenty of options to rotate in this competition. And with no European football to worry about, Chelsea will be desperate to make the most of their free calendar and lift this trophy.
#3 Man City: 11/2
It is a bit surprising that the current champions are at 11/2 to win this competition. They beat Arsenal in 2026 to win their ninth EFL Cup and move within one of Liverpool’s record of ten. Man City’s record over the recent years in this competition makes them a strong outside bet.
#4 Liverpool: 7/1
As the most successful team in League Cup history, Liverpool are aiming to win their eleventh trophy. They last lifted the trophy in 2024 and have already beaten Tottenham in the third round.
#5 Man Utd: 8/1
The Red Devils last won this competition in 2023 and have a strong enough squad to make a good run of it. They have been an improved side since Michael Carrick took over as head coach in January 2026. They face a difficult match against Brighton on Wednesday in their third-round match.
Summary
Looking at the betting odds is fascinating reading. Arsenal are the favourites, and rightly so, but Man City are a good bet if you want a slight outsider, reports Betting18.com. Chelsea have a deep squad that will be desperate to lift silverware this year after last year’s disappointment. Liverpool, with their history in this competition, can not be counted out, and with odds of 7/1, they remain a good option.
It is worth noting that teams in cup competitions rely on a favourable draw, which can be a huge help in reaching the later stages. If we were giving our prediction for this competition, we would say Manchester City at 11/2 is a good bet. Their recent record in this competition is excellent; they have won it seven times since 2014.