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2027 AFL Premiership Odds & Betting Preview - Who Wins the Flag?

Ryan Tucker

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Fact Checked by Jeremy Darke

Last updated: Mon. 12 Oct. 2026 11:15

Ryan Tucker 12 Oct. 2026

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Hawthorn emerges as early favourite for the 2027 AFL Premiership at $4.80 following major off-season trades.
Brisbane, despite winning their third straight title, are slightly behind in the odds alongside Fremantle.
Brisbane remains the benchmark, with their consistent success making them the early team to beat.

Harris Andrews and Sam Draper of the Lions celebrates with teammates after winning the 2026 AFL Grand Final. (Photo by Daniel Pockett/AFL Photos/via Getty Images)

2027 AFL Premiership Odds & Betting Preview - Who Wins the Flag?

Brisbane have barely finished celebrating their third consecutive premiership and already attention has turned to who can stop them in 2027.

2027 AFL Premiership Odds & Betting Preview - Who Wins the Flag?
2027 AFL Premiership Winner Odds
2027 AFL Premiership Top Odds:
Can Fremantle Replicate Their 2026 Effort? - $5.50
Can Brisbane Win Four Straight? - $5.50
Hawthorn - $4.80
Geelong & Western Bulldogs - $10.50
Early 2027 AFL Premiership Betting Pick

The Lions completed an extraordinary three-peat with one of the great Grand Final comebacks, overturning a 17-point deficit inside the final five minutes to beat Fremantle 96-89 at the MCG.

Despite that historic achievement, Brisbane aren't favourites to make it four in a row.

Beaten Grand Finalists Fremantle opened as the $5.50 favourites for the 2027 AFL Premiership, but since some key off-season trades, have moved down the rankings with Hawthorn occupying first place with $4.80 odds.

Here's how the early market looks and where we see the value.

2027 AFL Premiership Winner Odds

AFL 2027 Grand Final Winner	Odds
Hawthorn Hawks	$4.80
Brisbane Lions	$5.50
Fremantle Dockers	$6.00
Geelong Cats	$10.50
Western Bulldogs	$10.50
Sydney Swans	$11.50
Carlton Blues	$14.00
Adelaide Crows	$16.00
Collingwood Magpies	$18.00
Melbourne Demons	$20.00
Gold Coast Suns	$26.00
GWS Giants	$41.00
St Kilda Saints	$41.00
North Melbourne Kangaroos	$96.00
West Coast Eagles	$146.00
Port Adelaide Power	$146.00
Richmond Tigers	$251.00
Essendon Bombers	$251.00

Odds from Picklebet correct October 2026

2027 AFL Premiership Top Odds:

Can Fremantle Replicate Their 2026 Effort? - $5.50

It isn't difficult to understand why Fremantle sit high up on this list.

The Dockers were agonisingly close to winning their first premiership in 2026. They led Brisbane by 17 points with less than five minutes remaining in the Grand Final before conceding four unanswered goals. Fremantle now have to respond to that heartbreak, but their 2026 season showed they have a list capable of going all the way.

At $6.00, the market expects them to be right there again.

Can Brisbane Win Four Straight? - $5.50

At what point do we simply stop betting against Brisbane? The Lions have now won the 2024, 2025 and 2026 premierships and have appeared in four consecutive Grand Finals.

Their latest might have been the most remarkable of the lot. Brisbane looked beaten late against Fremantle before producing four goals in the closing minutes, including two from Logan Morris in the final minute, to somehow steal another premiership.

Will Ashcroft was also enormous on Grand Final day with 31 disposals, including 12 in the final quarter.

The Lions are $5.50 to become the first team of the AFL era to win four consecutive premierships.

Hawthorn - $4.80

Hawthorn sit atop the odds rankings following some blockbuster deals bringing in Ben King from the Suns and Zach Merrett from the Bombers.

With the added scoring threat up front and another midfielder to match with Brisbane and Fremantle's elite mids, this team is now looking extremely strong across all 3 parts of the field.

Geelong & Western Bulldogs - $10.50

There is then a significant jump to Geelong and the Western Bulldogs, both at $11. That price range could become interesting as we move through the off-season.

Rather than paying around $6 for one of the three favourites, both clubs offer almost double-digit odds while coming off finals campaigns in 2026.

Early 2027 AFL Premiership Betting Pick

Brisbane Lions - $5.50

Fremantle deserve to be among the favourites after the season they produced, but it's difficult to overlook Brisbane at a slightly bigger price.

Three consecutive premierships, four consecutive Grand Finals and another generation of young talent already influencing the biggest games of the season makes $6.00 an interesting opening price.

There is a long way to go before the 2027 AFL season begins, and plenty can change through the trade period, draft and pre-season.

For now, Brisbane remain the benchmark everyone else is trying to catch.