2023 CONCACAF Gold Cup Odds

The CONCACAF Gold Cup, the pinnacle of association football for men's national teams from North America, Central America, and the Caribbean, is more than just a competition; it represents regional football excellence. This biennial competition, known in Spanish as Copa Oro de la CONCACAF, has been a distinguishing fixture since its inception in 1991. The Gold Cup determines the continental champion under the umbrella of the Confederation of North, Central America, and Caribbean Association Football (CONCACAF), constructing a narrative that transcends borders and unites varied football cultures.

The CONCACAF Gold Cup stands firm in the annals of regional football championships, embodying the resilient spirit that runs through North American, Central American, and Caribbean sports. Since its introduction in 1991, the event has woven a rich tapestry of historic victories and unforgettable moments, etching the names of nations and players into football legends.

This guide gives an overview of a comprehensive journey, delving into the tournament's origins, tracing back to the multifaceted football landscape before the formation of CONCACAF in 1961. It explores the vibrant history etched in fans' memories, from the early CCCF and NAFC Championships to the transformative CONCACAF Championship.
        
Betting on the CONCACAF Gold Cup odds is an exciting way to expand your soccer fandom internationally and take part in the excitement of this highly competitive league. Take the time to do your research on the teams and all the available CONCACAF Gold Cup betting lines options. Many top-class professional domestic soccer leagues operate all around the globe. This may initially seem overwhelming in terms of drilling down and finding the best betting options. That is why BetPhoenix has put together a definitive guide to the top world leagues for soccer betting odds for you.

Placing your CONCACAF Gold Cup Bets with BetPhoenix.ag can be a lucrative and exciting venture, especially if you dedicate some time to doing your research. This CONCACAF Gold Cup guide is one of the many helpful resources that BetPhoenix provides to help you take full advantage of the variety of CONCACAF Gold Cup Bets options and increase your chances of winning.

What is the CONCACAF Gold Cup?

The history of the CONCACAF Gold Cup is more than just an archive of wins and losses; it is also a story of progress, resilience, and the dynamic spirit of regional football. In 1990, CONCACAF rebranded the championship as the CONCACAF Gold Cup, with the first competition held in the United States in 1991. 

The CONCACAF Gold Cup has its roots in a football landscape divided into two independent entities before the founding of CONCACAF in 1961. The Confederación Centroamericana y del Caribe de Futbol (CCCF) and the North American Football Confederation (NAFC) were in charge. Each organization ran its championship, with the CCCF in charge of the CIF Championship and the NAFC in charge of the NAFC Championship. This dual-division structure exemplified regional inequalities and the necessity for a cohesive approach to cultivating football supremacy throughout North America, Central America, and the Caribbean.

The landscape shifted dramatically with the establishment of CONCACAF in 1961, merging the CCCF and NAFC into a single governing body. This consolidation aimed to streamline regional contests and improve the overall quality of professional football in the region. Following this merger, the CONCACAF Championship was established in 1963, ushering in a new chapter in the region's football history.

The CONCACAF Championship, running from 1963 to 1989, served a dual purpose. It functioned as a prestigious regional competition and held the significant role of a World Cup qualifier. 

The pre-1991 era laid the foundation for the eventual birth of the CONCACAF Gold Cup. The CONCACAF Championship was renamed and reinvented as the CONCACAF Gold Cup by CONCACAF in 1990, and that's when CONCACAF came into existence.

The tournament's format has evolved over the years. From eight teams in 1991 to 16 in 2023, the Gold Cup witnessed changes in group stage structures and knockout formats. The 2023 edition followed the same pattern as 2019, consisting of four groups of four teams. This intricate group stage dynamic sets the stage for an intensely competitive knockout phase, where the finest teams from North America, Central America, and the Caribbean vie for the coveted title, epitomizing the ongoing quest for excellence within the realm of CONCACAF football.

The tournament's structure expanded in 2000 to accommodate twelve teams and reverted to exclusively CONCACAF nations in 2007. 

Beyond regional supremacy, the Gold Cup exerted influence on global football dynamics. Until 2015, the winner or highest-placed CONCACAF and FIFA member qualified for the FIFA Confederations Cup, adding an extra layer of consequence to the tournament.

How to Bet on the CONCACAF Gold Cup

BetPhoenix.ag not only offers you the best CONCACAF Gold Cup Odds, but we also provide you with many helpful tools, like this CONCACAF Gold Cup odds guide, to introduce you to the numerous moneymaking opportunities available when betting on the CONCACAF Gold Cup betting lines, helping you improve your chances of winning.

CONCACAF Gold Cup Point Spread

The CONCACAF Gold Cup Point Spreads bets, similarly to other major sports like football, basketball, and baseball, are based on a handicapped margin of victory established on a projected game result. If a CONCACAF Gold Cup betting lines show a point spread of 1.5 for an upcoming game, the favorite team (-1.5) must win by at least two goals for your bet to be a winner, while betting on the underdog (+1.5) can lose by one goal, tie the game or win outright for your bet to be a win. The .5 fraction is used to avoid a push in the wagers.

This is an example of a CONCACAF Gold Cup Point Spread, as you would find it listed in BetPhoenix:

• Team - Points Spread Odds
• Mexico -1.5
• Panama +1.5

In this case, the -1.5 points spread indicates that Mexico is the favorite to win by a margin of two goals against Arsenal. Conversely, Panama is the underdog and can lose by a margin of less than two goals. These are the likely results of this bet:

• Mexico wins by two or more goals: Mexico bettors win.
• Mexico wins by one goal: Panama bettors win.
• The game is a draw/tie: Panama bettors win.
• Panama wins the game: Panama bettors win.

CONCACAF Gold Cup Moneyline

CONCACAF Gold Cup Moneyline is always the most straightforward betting option. Your pick reflects who you expect to be the outright winner of the game. A negative odds value indicates the favorite, while a positive value indicates an underdog. CONCACAF Gold Cup Moneyline uses a $100 base American odds system, in which larger numbers indicate a stronger favorite or weaker underdog.

The two-way CONCACAF Gold Cup Moneyline, in which the CONCACAF Gold Cup betting lines are focused on either one of the two sides winning, removing the impact of a tie or draw, in which case the bet would be a push. There is also a three-way CONCACAF Gold Cup Moneyline, in which the CONCACAF Gold Cup betting lines offer odds values for the home team winning, the visitor team winning, or the match ending in a draw or tie.

This is an example of a Two-Way CONCACAF Gold Cup Moneyline, as you would find it listed in BetPhoenix:

• Team - Moneyline
• Mexico -120
• Panama +110

In this case, if you bet to win $100 on Mexico -120, as favorites, you would need to risk $120, while betting $100 on Panama +110 as an underdog, you would receive $110 if Panama wins the game. If the match ends in a tie, the wager would be a push, which means the bet is voided and refunded.

This is an example of a Three-Way CONCACAF Gold Cup Moneyline, as you would find it listed in BetPhoenix:

• Team - Moneyline
• Mexico -130
• Draw +180
• Panama +120

In this case, if you bet to win $100 on Mexico -130 as favorites, you would need to risk $130. Betting $100 on the draw +180, you would receive $180 if the game ends in a tie. And betting $100 on Panama +120 as an underdog, you would receive $120 if Panama wins the game.

At Betphoenix, our CONCACAF Gold Cup odds will give you the best available Moneyline prices and the tightest point spread odds offered by any sportsbook.

CONCACAF Gold Cup Over/Under Totals

The CONCACAF Gold Cup Totals bet is based on a projected final score that includes both teams, independently on which side wins. CONCACAF Gold Cup Totals are represented in an Over/Under set, where you can pick if you expect this result to be over or under this estimated line.

This is an example of a CONCACAF Gold Cup Over/Under Totals as you would find it listed in BetPhoenix:

• CONCACAF Gold Cup Totals – Mexico vs. Arsenal
• Total: 2.5
• Over odds: -160
• Under odds: +180

In this case, the CONCACAF Gold Cup Over/Under of 2.5 means that if the match ends with a combined score of three or more goals, the Over wins; if the total score is two or less, the Under wins. If you bet to win $100 on the Over -160, you would need to risk $160 and win if the game ends with 3 goals or more. Betting $100 on the Under +180, you would receive $180 if the game ends with 2 goals or less.

CONCACAF Gold Cup Parlays

CONCACAF Gold Cup Parlay is a wager type in which two or more CONCACAF Gold Cup betting lines are combined to form a single wager with a considerably higher payout. However, all selected CONCACAF Gold Cup betting lines must win for the parlay wager to win. You can combine point spreads, moneylines, over/under totals, and other wagers. You can also combine favorites and underdogs. The more bets you add to your CONCACAF Gold Cup parlay, the odds multiply accordingly in your favor.

Using the example, a two-line CONCACAF Gold Cup Parlay could be as follows:

• Mexico -130
• Mexico vs. Panama Total: Over 2.5 -160

By combining the Mexico Moneyline -130 and Total Under 2.5 +160 for the Mexico vs. Panama game on a 2-team parlay risking $100, the combined odds would be +195 with a payout for this parlay of $294.87, about 3 times your bet, instead of risking $100 to bet on each separately.

CONCACAF Gold Cup Prop Bets

CONCACAF Gold Cup prop bets are one of the most exciting ways to bet on the outcome of the games. The most popular CONCACAF Gold Cup Prop Bets include many possibilities. Team prop bets include lines to bet on which team will score first, how many shots on goal will be made, how many corner kicks will occur, how many cards will be sanctioned, and a long etcetera. Player props bets include who will score a goal during the game, who will score the first goal of the match, who will score multiple goals, how many shots on goal a player will make, etc.

Take the time to check all available props on Betphoenix.ag, and you'll find many attractive options to increase your betting repertoire.

Which Teams Have Won the Most CONCACAF Gold Cup Titles?

Since the creation of the CONCACAF Gold Cup in 1991, 3 different nations have won the CONCACAF Gold Cup Championship.

Mexico (1993, 1996, 1998, 2003, 2009, 2011, 2015, 2019, and 2023) has won the competition nine times, followed by the United States (1991, 2002, 2005, 2007, 2013, 2017, and 2021) with seven titles, and Canada (2000) with one Gold Cup. Notable runners-up include Brazil, Colombia, Costa Rica, Honduras, Panama, and Jamaica.

Here you'll find the list of the CONCACAF Gold Cup champions in the last ten seasons up to 2023:

• 2023 - Mexico
• 2021 - United States
• 2019 - Mexico
• 2017 - United States
• 2015 - Mexico
• 2013 - United States
• 2011 - Mexico
• 2009 - Mexico
• 2007 - United States
• 2005 - United States

Betting on the CONCACAF Gold Cup in BetPhoenix is an entertaining way to take your sports fandom to the next level. Sign up to BetPhoenix.ag for Sportsbook, Live Casino, Virtual Casino, Lottery, and Racebook. All in one!