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Megan Rapinoe #15 of the United States passes the ball as we look at the best Women's World Cup odds
Megan Rapinoe #15 of the United States passes the ball against Brazil during the second half in the 2023 SheBelieves Cup match at Toyota Stadium on February 22, 2023 in Frisco, Texas. Photo by Sam Hodde/Getty Images via AFP.

The 2023 Women's World Cup will take place this summer in Australia and New Zealand. With Team USA set as the early favorite, we look at the best Women's World Cup odds from our best World Cup betting sites below.

USA leads England, Spain, Germany, and France as the usual top contenders for the Women's World Cup. The 2023 tournament will begin in mid-July with Australia and New Zealand playing host and participating in the first two matches.

Read on as we look at the best Women's World Cup odds.

Women's World Cup odds 2023

(Odds as of Friday, May 12)

USA+275+300+225 ❄️+300+275
England+350+340+300 ❄️+350+400 🔥
Spain+650+650+600+600+550 ❄️
Germany+650+550+700 🔥+350 ❄️+500
France+750+850+900 🔥+800+600 ❄️
Sweden+1400+1600+1800 🔥+1000 ❄️+1200
Australia+1400+1400+1000 ❄️+1400+1200
Netherlands+1600+2000+2500 🔥+1800+1200 ❄️
Canada+2500+3400+4000 🔥+2200 ❄️+2800
Brazil+2500+2900+2800+2800 🔥+2500

Women's World Cup odds analysis

A few months away from the start of the 2023 Women's World Cup we're still seeing considerable variance in the early outright odds.

Despite having the lowest odds on both USA and England as the top-two favorites, BetMGM is the best place to go for your futures bets. Expect the variance to decrease as we get closer to the start of the tournament and more is known about each team and the rosters that'll be competing down under.

Our best sports betting sites should each start to offer more consistent pricing on the odds for the favorites in the coming months.

Women's World Cup odds movement

One doesn't need to be a soccer expert to expect to see many of these countries near the top of the board for the Women's World Cup odds. USA has won four of the eight editions of this tournament with one runner-up finish and three third-place showings. It would become the first country to win either the Women's or Men's World Cup three consecutive times with a victory this summer.

As such, the odds stay fairly consistent from tournament to tournament, especially several months out from the competition beginning. Regardless of any developments over the next few months, expect to see the USA topping the oddsboard across the market, even with star Megan Rapinoe now playing a reserve role for the defending champions.

Women's World Cup odds 2023: Favorite

USA (+300)

A 3-1 payout on Team USA to win the Women's World Cup is hardly a bad offer. As the tournament gets closer and American sports bettors turn their attention to the tournament, I'd expect that number to drop by mid-July. Barring an early loss in the group stage, that downward trajectory in Team USA's odds will only continue.

Team USA to win the Women's World Cup could also be parlayed with any bet you're making in the interim to help boost the payout.

Women's World Cup odds 2023: Contender

Germany (+700 via BetMGM)

Germany won the Women's World Cup back-to-back in 2003 and 2007 but has only one fourth-place finish in 2015 to show for it since. Still, the country is a soccer powerhouse on both the women's and men's sides (despite recent results) and the +700 offering from BetMGM needs to be seized, especially when seeing it next to the early +350 via Caesars.

The Germans have looked strong in World Cup prep, including a friendly victory over the Netherlands. They'll also have a relatively easy path through Group H to get to the knockout round.

Women's World Cup odds 2023: Long shot

Canada (+4000 via BetMGM)

Team Canada will look much different than it has in recent international competitions and most of our best sports betting apps have raised their odds as a result. However, BetMGM has once again gone much too far so we need to take advantage of another price-shopping opportunity.

Captain Christine Sinclair still intends to play in the 2023 tournament and will bring World Cup and Olympic experience with her to help guide Canada through Group B, where the stiffest competition will be posed by the Australian hosts.

Women's World Cup 2023 groups

Group AGroup BGroup CGroup DGroup EGroup FGroup GGroup H
New ZealandAustraliaSpainEnglandUSAFranceSwedenGermany
NorwayRepublic of IrelandCosta RicaHaitiVietnamJamaicaSouth AfricaMorocco
SwitzerlandCanadaJapanChina PRPortugalPanamaArgentinaKorea Republic

Women's World Cup FAQs

Who won the last Women's World Cup?

Team USA won the 2019 Women's World Cup, beating the Netherlands 2-0 in the championship game in Lyon, France.

Who is the 2023 Women's World Cup favorite?

Team USA, the defending champion, is the favorite for the 2023 Women's World Cup with odds as low as +225 via BetMGM.

Where is the 2023 Women's World Cup?

The 2023 Women's World Cup is being hosted by Australia and New Zealand with the final and third-place matches being played in Sydney and Brisbane, Australia, respectively.

When is the 2023 Women's World Cup?

The 2023 Women's World Cup will begin on Thursday, July 20 and run through the final match on Sunday, Aug. 20. The Round of 16 will begin on Aug. 4.

Here are our  best World Cup betting sites:

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* Bonuses not applicable in Ontario.

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