Spain tops the 2026 World Cup odds at +450, with France and England following closely at +600. Brazil and Argentina, the reigning champions, round out the top five at +850. Portugal, Germany, and the Netherlands complete the next tier at 11-1, 14-1, and 20-1 odds respectively. The United States sits at 65-1, drawing outsized betting interest despite not being a traditional favorite. Meanwhile, Italy's shocking absence from the tournament after a playoff loss to Bosnia highlights the unpredictability, as they had been ranked at 30-1 odds just weeks earlier.

Host nations Canada and Mexico face longshots at 200-1 and 70-1, respectively, while Norway and Japan enter the conversation at 28-1 and 50-1 odds. The odds board reveals a shifting landscape where traditional powers like Italy now watch from the sidelines, and new contenders like Norway emerge. The USMNT's 6.7% of sportsbook handle indicates significant fan confidence, though their 65-1 odds suggest a challenging path through a competitive group stage.

Italy's failure to qualify marks the third consecutive World Cup without the Azzurri, ending their streak of appearances since 1958. This leaves the tournament with a notable void where a historically strong team once stood, altering the dynamics for teams like Germany and Portugal who now face fewer Italian-style threats in their paths to the final.