The English League Cup, now known as the Carabao Cup for sponsorship reasons, is an annual competition featuring 92 clubs from across the four tiers of the English football pyramid: 72 from the Football League and 20 from the Premier League.
The Cup runs over seven rounds, with Premier League sides involved in European competitions entering in the third round and the other top-flight teams joining in the second. Matches are single-legged ties apart from the two-legged semi-finals.
The final takes place at Wembley Stadium, and the winners earn a place in the UEFA Conference League in the following season.
Here at interwetten, you’ll find the latest Carabao Cup betting today, with up-to-date odds available throughout the tournament.
Whether you think a determined League Two side can upset a Premier League club giving opportunities to fringe players, or you fancy predicting who will progress to the final after the two-legged semi-finals, you can back your League Cup hunch on our Sportsbook.
2025/26 Carabao Cup Betting and a Look Back at Last Season
Newcastle United breathed a new life into the Carabao Cup last season by becoming the first club since Swansea City in 2013 to win the competition outside of Manchester City, Manchester United, Chelsea, or Liverpool.
Eddie Howe’s side were in complete control for most of the game against Liverpool, with goals from Blyth-born local hero Dan Burn and striker Alexander Isak sealing a famous win under the Wembley arch and securing the Toon’s first major trophy in 56 years.
Heading into the 2025/26 season, it is the reigning Premier League champion, Liverpool, who leads the outright Carabao Cup winner odds. Arne Slot has overseen an extraordinary summer at Anfield, with the Reds adding Florian Wirtz and Hugo Ekitike to a side that had cantered to the Premier League title. In short, there won’t be any such thing as a weakened Liverpool side in the Carabao Cup next season.
Behind the Reds in the latest Carabao Cup betting odds are Manchester City, whose grip on the trophy has loosened in recent times. The Cityzens dominated this competition with four straight wins from 2018 to 2021. However, with an embarrassment of riches in their squad and having now gone four years without lifting the Carabao Cup, it is surely a matter of when, not if, Pep Guardiola’s men reclaim it.
With the spotlight turning on Mikel Arteta, and a growing consensus that the Spaniard needs to deliver silverware after five trophyless years at the Emirates Stadium, you can expect Arsenal — alongside Liverpool and City as favorites — to throw the kitchen sink at the Carabao Cup.
Despite being below the favorites, you can’t write off defending champions Newcastle, Club World Cup USA winners Chelsea, and an enterprising, disciplined Aston Villa side under Unai Emery, all of whom will be eyeing a deep run in the Carabao Cup next season.
Carabao Cup Betting Odds
Carabao Cup odds show how likely certain outcomes are during the tournament. Shorter odds indicate results viewed as more probable, while longer odds highlight remote possibilities.
You can see this clearly in the outright winner market, which focuses on which team will go on to lift the trophy.
If Manchester City are listed at 2.50 to win the Carabao Cup, it shows they are regarded as strong favorites to go all the way.
On the other hand, if Blackpool are priced at 51.00 in the same market, it reflects how unlikely such a run would be for the Seasiders.
The difference is also clear in potential payouts: a €10 stake on City at 2.50 would return €25 if they win, while the same bet on Blackpool at 51.00 would return €510 should they pull off a remarkable triumph.
Carabao Cup Betting Markets
Here are some of the most popular markets and Football Bets you can make during the Carabao Cup.
Outright Winner: This market lets you bet on which team will win the Carabao Cup out of the 92 participating clubs.
Match Result (90 Minutes): Bet on the result at the end of regular time — win, defeat, or draw — in any Carabao Cup game.
Over/Under Goals: This market lets you bet on whether the total number of goals in a match will be over or under a specific figure — typically 2.5. Will it be a goal fest or a cagey tie?
Both Teams to Score (BTTS): It’s all in the name — you’re simply betting on whether both sides will find the net during regular time. A straightforward yes or no market, which is popular in open games where rotated line-ups can lead to end-to-end action.
Correct Score: If you think you know how things will finish when the referee blows the final whistle, this is your market — you’re betting on the exact score at full-time.
To Qualify: This market lets you bet on which team will advance to the next round — regardless of how they do it. Whether it’s settled in 90 minutes, extra time, or penalties, you’re simply backing one side to go through.
First Goalscorer: Here, you're picking the player you think will break the deadlock. With teams often rotating their line-ups, there’s value in spotting a reliable penalty taker or a fringe striker getting a chance to shine.
Live Carabao Cup Betting
Our Live Betting markets let you weigh up real-time developments in the Carabao Cup matches while choosing from our extensive in-play betting odds.
So, if a side like Manchester City starts fast and dominates possession against a side from the England Championship, the Team to Score the First Goal market becomes an option to consider.
Likewise, when two attacking teams are trading chances — say Liverpool against Aston Villa — the Both Teams to Score market is one to keep in mind as the game opens.
And if you’re watching a balanced contest where both sides look capable of scoring but one appears more likely to win, the Result & Both to Score market gives you another way to combine a winner with goals at both ends.
Carabao Cup Betting Tips
The Carabao Cup is a tournament where form often goes out the window, as settled league lineups are rotated to give squad players game time.
Managers frequently must juggle Premier League ambitions with the demands of a midweek cup tie, so you’ll often see a blend of experienced names and younger prospects on the team sheet.
For example, if a manager rests his first-choice center-backs and replaces them with academy players, or U21 EURO stars seeking minutes, a defense that is usually solid can suddenly look far more vulnerable.
Cup nights also bring unique dynamics, with opponents from lower divisions — often backed by a fervent crowd — treating the tie like a final.
From the opening rounds in August to the final under the Wembley arch, keeping up with team news, monitoring how managers approach each stage, and watching live trends can help you make more informed Carabao Cup bets.