The EFL Cup outright market is wide open after reigning Premier League champions Arsenal were knocked out in the fourth round by League Two side Fleetwood Town.
While Mikel Arteta did make wholesale changes at Highbury Stadium on Wednesday night, the likes of Viktor Gyokeres, Kai Havertz and Jurrien Timber started from the off, and so Fleetwood's 14/1 price to qualify looked fair.
A remarkable 83 league positions existed between the two teams heading into the fourth round encounter, and after playing out a 1-1 draw inside 90 minutes, 19-year-old Conor Haughey scored the winning penalty to capitalise on Bruno Guimaraes' missed spot kick and send the Cod Army through to the quarter-finals.
With English champions and 2025/26 EFL Cup finalists Arsenal out of the competition, we take a look at the latest 2026/27 winner odds.
Manchester City lead the betting to win a record-levelling 10th EFL Cup in 2027.
The Citizens failed to get the better of Arsenal in the Premier League -- falling seven points short of the title winners -- but they did overcome Arteta's side in the EFL Cup final last term, with Nico O'Reilly's second half brace seeing Pep Guardiola's outfit over the line.
It marked their ninth triumph in the competition, and victory at Wembley in March would see them draw level with Liverpool's record 10 EFL Cup honours.
Also prominent in the betting are Liverpool and Chelsea, but only one team will make it through to the final eight, with the two sides set to lock horns at Anfield in the fourth round.
Aston Villa ended their trophy drought when beating Freiburg in May to win the Europa League, and they're priced at 10/1 to win a second in quick succession in the form of the EFL Cup.
EFL Cup Winner Odds
Full EFL Cup Betting Market on site.
Any odds displayed were correct at the time of writing and are subject to fluctuation.
