EFL Cup 2023/24 outright odds: Favourites, finalists and winner odds
The 2023/24 EFL Cup is midway through the third round and some Premier League sides have already bowed out.
Unlike the FA Cup, the EFL Cup — still known as the Carabao Cup for sponsorship purposes — only involves the teams in the top four leagues of English football; the Premier League, Championship, League One and League Two.
Manchester United are the defending champions, beating Newcastle in last season’s final to move clear of Aston Villa and Chelsea as the third-most successful side in EFL Cup history with a sixth success.
United’s victory also extended the Premier League’s hold on the competition to 32 years, with Sheffield Wednesday the last team to win the EFL Cup from outside the top flight, beating the Red Devils in 1991.
Tottenham won’t be among the Premier League sides fighting for a spot at Wembley, losing in the second round to Fulham, before the full contingent of the top-flight had even entered the competition. But now they are, the action can really begin.
Read on below to find the outright odds for the 2023/24 EFL Cup.
The latest EFL Cup outright odds for 2023/24
| Club | Sky Bet |
| Manchester City | 7/2 |
| Manchester United | 11/2 |
| Liverpool | 6/1 |
| Chelsea | 8/1 |
| Arsenal | 9/1 |
| Newcastle | 12/1 |
| Aston Villa | 16/1 |
| West Ham | 16/1 |
| Brighton | 18/1 |
You have to be 18+ to gamble. All odds within this article are accurate at the time of writing (22:30, 26/09/2023). BeGambleAware.
EFL Cup fixtures | Third round fixtures & results
Tuesday 26 Septemer
Bradford 0-2 Middlesbrough
Exeter 1-0 Luton
Ipswich 3-2 Wolves
Mansfield 2-2 Peterborough (Mansfield win on penalties)
Port Vale 2-1 Sutton
Salford 0-4 Burnley
Man Utd 3-0 Crystal Palace
Wednesday 27 September
Aston Villa vs Everton (7:45pm)
Blackburn vs Cardiff (7:45pm)
Bournemouth vs Stoke (7:45pm)
Brentford vs Arsenal (7:45pm)
Chelsea vs Brighton (7:45pm)
Fulham vs Norwich (7:45pm)
Lincoln vs West Ham (7:45pm)
Liverpool vs Leicester (7:45pm)
Newcastle vs Man City (8pm)
Who are the 2023/24 EFL Cup favourites?
Man City (7/2)
As is the case pretty much every season, Manchester City start the campaign as favourites for the 2023/24 EFL Cup.
This has been Man City’s competition of late with the Citizens winning the EFL Cup five times between 2016 and 2021, including four straight victories.
But Pep Guardiola’s side have now gone two seasons without winning the EFL Cup, being knocked out by Southampton in the quarter-finals last year.
Although, they face a stern opening test in this year’s competition against Eddie Howe’s Newcastle United.
Man Utd (11/2)
The defending champions, only two teams have won the EFL Cup more than Manchester United’s six, as they ended a six-year drought in the competition last season.
It was the first trophy of the Erik ten Hag era at Old Trafford and was followed by an FA Cup final appearance, though they lost that.
In last season’s final, Man Utd beat Newcastle United at Wembley and will be hoping to retain the crown as they did when winning in 2009 and 2010. Their name is already in the hat for the fourth round thanks to a 3-0 win over Crystal Palace at Old Trafford.
Liverpool (6/1)
Last winning the EFL Cup in 2022, Liverpool are the most successful side in the competition’s history with nine titles, one clear of Man City.
The Reds’ first success in the EFL Cup came in 1981 and they would go on to win four on the bounce, the joint-best run in the competition’s history.
But successes have been few and far between in the 21st century with just three EFL Cup titles for Liverpool in 2003, 2012 and 2022. They have been drawn against Championship side Leicester third round and will be hoping to do better than their fourth-round exit to Man City last season.
Chelsea (8/1)
Unlike in previous seasons, Chelsea entered the EFL Cup in the second round with no European football at Stamford Bridge this term.
The Blues began their quest for a sixth title with a tricky clash against AFC Wimbledon. Indeed, they were forced to come from behind to deny the League Two outfit.
Losing finalists in 2019 and 2022, Chelsea haven’t won the EFL Cup since 2014/15 and were knocked out in the third round by Man City last season. They face another tough task this time around in Brighton, particularly after their disastrous start to 2023/24.
Arsenal (9/1)
Arsenal do not really like the EFL Cup, reaching the final eight times but winning the competition just twice, in 1987 and 1993.
Their hate-hate relationship with the competition peaked in 2011 when they were heavy favourites going into the final against Birmingham City only to lose, extending their trophy drought.
But this is a different Arsenal, who will be buoyed by their Premier League campaign last season — even though it didn’t finish as hoped.
Knocked out by Brighton in the third round last year, Arsenal face Premier League opposition once again, this time Brentford.
Newcastle (12/1)
Last season’s runners-up, Newcastle fans will have been hoping to end their long wait for a trophy, but it was not to be as they were beaten 2-0 by Man United.
It was actually only Newcastle’s second appearance in an EFL Cup final, as the Magpies also lost to Man City in 1976.
But given their growth under Eddie Howe, Newcastle are among the favourites this year — though their odds have dropped slightly after being paired with the Pep Guardiola’s Citizens in round three.
