EFL Carabao Cup Odds
The EFL Cup, known as the EFL Carabao Cup for sponsorship reasons, is a knowout tournament involving all 92 clubs from the English Football League System, including the Premier League, the Championship, League One, and League Two.
The EFL Carabao Cup is a dynamic competition played over seven rounds, leading to a final held at Wembley Stadium. The winners not only claim the prestigious EFL Carabao Cup trophy but secure a spot in European competitions, earning a UEFA Europa Conference League berth.
Despite being considered of relatively lower prestige than the Premier League Title or the FA Cup, the EFL Carabao Cup holds historical significance and serves as a platform for giant-killing moments. Recent years have witnessed a revival in the competition's respect, with larger Premier League clubs dominating and recognizing its developmental value. The EFL Carabao Cup continues to be a crucial part of English football, offering excitement, upsets, and a pathway to European competitions for the deserving winners.
Betting on the EFL Carabao 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 research the teams and all the available EFL Carabao 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 EFL Carabao Cup Bets with BetPhoenix.ag can be a lucrative and exciting venture, especially if you dedicate time to research. This guide is one of the many helpful resources that BetPhoenix provides to help you take full advantage of the EFL Carabao Cup Bets available and increase your chances of winning.
What is the EFL Carabao Cup?
The EFL Cup, colloquially known as the EFL Carabao Cup, is an annual knockout competition in men's domestic football in England. Organized by the EFL English Football League, it includes clubs from the top four levels of the English football league system. This comprises the Premier League, Championship, League One, and League Two.
First held in the 1960–61 season as the Football League Cup, it stands as one of England's top-tier domestic football competitions, running parallel to the Premier League and FA Cup. The tournament emerged in response to the rising popularity of European football and took advantage of floodlights, allowing midweek evening games. With its rebranding in 2016, it became the EFL Carabao Cup.
The inception of the EFL Cup in English football can be traced back to the innovative thinking of Football League Secretary Alan Hardaker in the late 1950s. Although the initial proposal came from Stanley Rous, it was Alan Hardaker who took the lead in implementing the League Cup competition.
The late 1950s marked a period of dwindling match-day attendance, and the Football League faced challenges in revenue distribution among clubs. Hardaker's vision was to create a tournament that could offset the financial losses resulting from a potential reduction in the number of matches played, pending the reorganization of the league.
The Football League introduced the EFL Carabao Cup in 1960 as a midweek floodlit tournament, providing clubs with a platform to showcase their skills at night under artificial lights after the widespread installation of floodlights across English stadiums during the late 1950s.
The EFL Carabao Cup had multiple objectives from its inception. Firstly, it aimed to address the declining match-day attendances by offering fans an exciting midweek nighttime football spectacle. Secondly, the implementation of floodlit games allowed for increased visibility and accessibility, contributing to the competition's popularity. Additionally, the tournament served as a financial lifeline for clubs grappling with the prospect of reduced matches, emphasizing its role in sustaining football at various levels.
The tournament is structured around seven rounds, each featuring single-leg ties. The single-leg format adds an element of sudden-death drama, making each match crucial for advancing further in the competition. A distinctive aspect of the EFL Carabao Cup format is the exception for the semi-finals, where two-legged ties are contested.
Team participation in the EFL Carabao Cup is determined by their league level within the English football pyramid. The higher-ranked teams, typically from the Premier League, join the competition in later rounds.
How to Bet on the EFL Carabao Cup
BetPhoenix.ag not only offers you the best EFL Carabao Cup Odds, but we also provide you with many helpful tools, like this EFL Carabao Cup odds guide, to introduce you to the numerous moneymaking opportunities available when betting on the EFL Carabao Cup betting lines, helping you improve your chances of winning.
EFL Carabao Cup Point Spread
The EFL Carabao Cup Point Spreads bets, similarly to other major sports like football, baseball, and basketball, are based on a handicapped margin of victory established on a projected game result. If an EFL Carabao 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 an EFL Carabao Cup Point Spread, as you would find it listed in BetPhoenix:
- Team - Points Spread Odds
- Liverpool -1.5
- Chelsea +1.5
In this case, the -1.5 points spread indicates that Liverpool is the favorite to win by a margin of two goals against Chelsea. Conversely, Chelsea is the underdog and can lose by a margin of less than two goals. These are the likely results of this bet:
- Liverpool wins by two or more goals: Liverpool bettors win.
- Liverpool wins by one goal: Chelsea bettors win.
- The game is a draw/tie: Chelsea bettors win.
- Chelsea wins the game: Chelsea bettors win.
EFL Carabao Cup Moneyline
EFL Carabao 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. EFL Carabao Cup Moneyline uses a $100 base American odds system, in which larger numbers indicate a stronger favorite or weaker underdog.
In the two-way EFL Carabao Cup Moneyline, the EFL Carabao 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 EFL Carabao Cup Moneyline, in which the EFL Carabao 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 EFL Carabao Cup Moneyline, as you would find it listed in BetPhoenix:
- Team - Moneyline
- Liverpool -140
- Chelsea +130
In this case, if you bet to win $100 on Liverpool -140, as favorites, you would need to risk $140, while betting $100 on Chelsea +130 as an underdog, you would receive $130 if Chelsea 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 EFL Carabao Cup Moneyline, as you would find it listed in BetPhoenix:
- Team - Moneyline
- Liverpool -150
- Draw +220
- Chelsea +190
If you bet to win $100 on Liverpool -150 as the favorite, you would need to risk $150. If you bet $100 on the draw +220, you would receive $220 if the game ends in a tie. And betting $100 on Chelsea +190 as an underdog, you would receive $190 if Chelsea wins.
At BetPhoenix, our EFL Carabao Cup odds will give you the best available Moneyline prices and the tightest point spread odds offered by any sportsbook.
EFL Carabao Cup Over/Under Totals
The EFL Carabao Cup Totals bet is based on a projected final score that includes both teams, independently on which side wins. EFL Carabao 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 an EFL Carabao Cup Over/Under Totals as you would find it listed in BetPhoenix:
- EFL Carabao Cup Totals – Liverpool vs. Chelsea
- Total: 2.5
- Over odds: +130
- Under odds: -150
In this case, the EFL Carabao 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 +130, and the match ends with 3 goals or more, you would receive $130. Betting $100 on the Under -150, you would need to risk $150 to win if the game ends with 2 goals or less.
EFL Carabao Cup Parlays
EFL Carabao Cup Parlay is a wager type in which two or more EFL Carabao Cup betting lines are combined to form a single wager with a considerably higher payout. However, all selected EFL Carabao 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 EFL Carabao Cup parlay, the odds multiply accordingly in your favor.
Using the example, a two-line EFL Carabao Cup Parlay could be as follows:
- Liverpool -150
- Liverpool vs. Chelsea Total: Under 2.5 -150
By combining the Liverpool Moneyline -150 and Total Under 2.5 -150 for the Liverpool vs. Chelsea game on a 2-team parlay risking $100, the combined odds would be +178 with a payout for this parlay of $277.79, about 2.5 times your bet, instead of risking $100 to bet on each separately.
EFL Carabao Cup Prop Bets
EFL Carabao Cup prop bets are one of the most exciting ways to bet on the outcome of the games. The most popular EFL Carabao 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 EFL Carabao Cup Titles?
Liverpool holds the record for the most wins with nine titles, followed closely by Manchester City with eight, Manchester United with six, Aston Villa and Chelsea with five each, Tottenham Hotspur and Nottingham Forest with four each, Leicester City with three, and Arsenal, Birmingham City, Norwich City and Wolverhampton Wanderers with two trophies a piece.
Manchester City leads as the most successful club in recent years, winning six titles between 2001 and 2023. Other recently dominant clubs include Manchester United, Liverpool, and Chelsea.
Here you'll find the list of the EFL Carabao Cup champions in the last ten seasons up to 2023:
- 2022 - 2023 - Manchester United
- 2021 - 2022 - Liverpool
- 2020 - 2021 - Manchester City
- 2019 - 2020 - Manchester City
- 2018 - 2019 - Manchester City
- 2017 - 2018 - Manchester City
- 2016 - 2017 - Manchester United
- 2015 - 2016 - Manchester City
- 2014 - 2015 - Chelsea
- 2013 - 2014 - Manchester City
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