With the 2026 FIFA World Cup just 13 days away, the odds markets have begun to settle — and Spain have emerged as the narrowest of tournament favourites, with France right on their heels. Here is the complete picture of how bookmakers and betting markets are sizing up the 48-nation field.

The Top Favourites

Spain lead the market at +450, followed closely by France at +480. England are third at +650, with Brazil at +750 and defending champions Argentina at +900. Portugal are sixth at +950, while Germany — a four-time World Cup winner — are listed at +1300. The Netherlands come in at +1700 and Belgium at +2500. These nine nations represent the core of the pre-tournament betting action.

Dark Horses Worth Watching

Beyond the top nine, Norway are listed at +3300 — an intriguing price for a Erling Haaland-led side that many analysts believe is underrated. Colombia (+5000) and Uruguay (+6000) offer value for South American fans, while the USA (+6500) and Mexico (+7000) both have the advantage of playing on home soil. Morocco — semi-finalists in 2022 — are available at +7500.

Spain: Why They Are Favourites

Spain's tournament favouritism rests on three pillars: the best midfield in world football (Rodri, Pedri, Gavi, Merino, Zubimendi), the most exciting young winger on the planet in Lamine Yamal, and a defensive record during qualification that was close to flawless. Their issue in previous tournaments has been knockout-round penalties — they were knocked out of the last two World Cups on spot-kicks. If they can get past that psychological hurdle, the trophy is theirs to lose.

The Outsider Pick

If you are looking for an outsider with genuine tournament pedigree and a favourable draw, Portugal at +950 represent interesting value. With Cristiano Ronaldo potentially playing his final World Cup, Bruno Fernandes in the form of his life at Manchester United, and a midfield that many analysts rate as the best in the tournament, Roberto Martínez's side could go very deep — and at nearly 10/1, the price reflects more doubt than the squad quality warrants.