2023 Women's World Cup Betting Odds: Lionesses Slight Underdogs to La Roja

England bounced co-hosts Australia in the semis to earn their berth in the World Cup final against hard-charging Spain. La Roja are slight favorites but it's anyone's contest. Here are the latest odds with the final set for August 20.

Jason Wilson - Publishing Editor at Covers.com
Jason Wilson • Publishing Editor
Aug 16, 2023 • 13:15 ET • 4 min read
Rachel Daly England
Photo By - USA TODAY Sports

The 2023 FIFA Women's World Cup in Australia and New Zealand has reached the finals, with just two teams remaining to square off in the championship match on August 20.

Team USA opened as a +250 favorite after winning the World Cup in back-to-back tournaments, but their three-peat hopes were dashed when Megan Rapinoe skied a penalty kick to give Sweden a bid into the quarterfinal. The Americans' loss paved the way for England and Spain, who have proved oddsmakers correct by earning their respective spots in the final.

We break it all down in our full 2023 FIFA Women's World Cup odds below. Check out our in-depth analysis of the best Women's World Cup betting sites to capitalize on any enticing tournament odds. 

Odds to win the 2023 FIFA Women's World Cup

Country DraftKings FanDuel bet365 Caesars BetMGM
Spain -110 -116 -125 -118 -118
England -110 -102 -106 -118 -111

Odds as of August 16, 2023.

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Favorites to win 2023 FIFA Women's World Cup 

Spain (-110 to -125)

La Roja took down Sweden to earn their first berth in the Women's World Cup final. Spain cruised through the Round of 16 with a 5-1 victory over Switzerland before ousting the Netherlands and Sweden in identical 2-1 wins. 

After Sweden notched things up late, Spain pulled ahead a minute later on Olga Carmona's game-winning tally.

They're considered slight favorites over England in Sunday's final in Sydney.

England (-102 to -118)

The Lionesses made relatively easy work of the host Australians in a 3-1 win on Wednesday. Sam Kerr tied things in the second half for the Aussies before Lauren Hemp put England ahead and Alessia Russo added an insurance tally to ice it late.

England did have a scare against Nigeria in the Round of 16 when their game went to penalty kicks, but the Lionesses prevailed.

Lauren James was issued a red card in that match as well as a subsequent two-game suspension from FIFA. She is eligible to return for the final.

FIFA Women's World Cup recent winners

Five different countries have won the FIFA Women's World Cup in its 20-year history, with eight different nations having made a final. The five winners are: Team USA (3), Germany (2), Japan, Norway, and China. 

Year Women's World Cup winner Runner-Up
2019 USA Netherlands
2015 USA Japan
2011 Japan USA
2007 Germany Brazil
2003 Germany Sweden
1999 USA China
1995 Norway Germany
1991 China Norway

FIFA Women's World Cup trends

• Only once has the host country won the Women's World Cup: Team USA in 1999. 

• There have been two back-to-back Women's World Cup-winning nations in history: Germany in 2003/2007 and Team USA in 2015/2019. 

• Team USA has medaled in all eight Women's World Cups, with four golds, one silver, and three bronze medals in the tournament's history. 

How to bet on the Women's World Cup

The unrivaled excitement of the World Cup only comes once every four years, and it brings many first-time bettors to the sport. Learn everything you need to know about how to bet on soccer and the World Cup with our comprehensive guide tackling moneylines, spread, totals, and even Asian handicaps. 

FIFA Women's World Cup futures odds

Betting on the outright winner of the FIFA Women's World Cup is an extremely popular futures betting option. These odds will adjust based on how countries and players perform leading up to the World Cup. Sportsbooks will also adjust the soccer odds based on handle and liability with certain nations. Futures odds are displayed in list form, showing each option and its odds – most often ranked from best chances to win to worst. You will usually see a plus (+) sign in front of a team's futures odds, like this:

  • England +350

This means that on a $100 bet, you would stand to win $350 if England won the Women's World Cup. As we get closer to the World Cup final or if one team has been extremely dominant, you might see a country with a minus sign (-) ahead of its odds.

  • USA -110

This would mean that you have to bet $110 to win $100 on a USA World Cup victory. Above we have posted the American odds for the FIFA Women's World Cup. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.

FIFA Women's World Cup Odds FAQs

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Jason Wilson Covers.com
Publishing Editor

Jason Wilson is an experienced journalist who has worked in a variety of roles within the industry for the past 18 years. Working at community newspapers in New Brunswick, Jason wore many hats as a reporter, editor, and photographer, covering everything from sports to courts to municipal politics. After shifting gears and working as an educator for a few years in the 2010s, Jason returned to full-time work in media as an MLB news editor for six years at theScore in Toronto before joining Covers in late 2021.

He has honed his editorial acumen over his years in the industry, showcasing flexibility, patience, and a strong work ethic. While he was relatively new to sports betting upon joining Covers, Jason has taken the plunge with gusto to learn the ins and outs of the industry, both as a method to improve professionally and to add an extra angle to his sports fandom.

In addition to sports, Jason is an avid film nut and former movie critic who monitors the Academy Awards betting odds for Covers. Jason holds a Bachelor of Arts in journalism degree and a Bachelor of Education degree from St. Thomas University.

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