Australia Cup 2026 Betting Odds - Who will win the 2026 Australia Cup?
- Latest Australia Cup 2026 betting odds ahead of the R32 beginning in July
- Newcastle Jets are the defending champions & one of the early favourites
- South Melbourne FC, Preston Lions & last year's runners-up Heidelberg leading the NPL charge
Newcastle Jets celebrate their 2025 Australia Cup triumph (Photo by Getty Images)
A total of 777 teams have participated in this edition of the Australia Cup, with the remaining 32 set to battle it out for the silverware over the coming months.
Ten A-League clubs have entered at the R32 stage, with 22 Member Federation teams joining them and hoping to cause a 'Cupset' along the way.
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The Australia Cup is often unpredictable, especially in the early rounds where A-League clubs are still early in their preseason and yet to finalise their rosters, meaning they tend to field weaker teams with youth players.
When A-League clubs begin to reach the R16 and quarter-finals, they will tend to take the competition more seriously, meaning there's a good chance for NPL sides in the R32 to spring some surprises.
You can find the latest Australia Cup betting odds (courtesy of Picklebet) for all teams ahead of the R32 in the table below.
| Team | Australia Cup Winner Odds |
|---|---|
| Sydney FC | $5.50 |
| Newcastle United Jets | $6.00 |
| Adelaide United FC | $9.00 |
| Melbourne City FC | $9.00 |
| Melbourne Victory FC | $9.00 |
| Macarthur FC | $11.00 |
| Western Sydney Wanderers FC | $11.00 |
| Perth Glory FC | $11.00 |
| South Melbourne | $11.00 |
| Preston Lions FC | $13.00 |
| Heidelberg United | $13.00 |
| APIA Leichhardt Tigers | $15.00 |
| Brisbane Roar FC | $17.00 |
| Sydney United 58 | $21.00 |
| Queensland Lions FC | $26.00 |
| Peninsula Power FC | $26.00 |
| Central Coast Mariners FC | $26.00 |
| Sydney Olympic FC | $51.00 |
| Moreland Zebras | $51.00 |
| North Sunshine Eagles FC | $67.00 |
| Rochedale Rovers | $67.00 |
| SD Raiders FC | $67.00 |
| White City Woodville | $67.00 |
| Bayswater City | $81.00 |
| Cooma Tigers | $101.00 |
| Fremantle City | $101.00 |
| Maitland FC | $151.00 |
| Weston Workers FC | $151.00 |
| Kingborough Lions United FC | $251.00 |
| Cumberland United | $251.00 |
| University Azzurri FC | $501.00 |
| Marlin Coast Rangers FC | $501.00 |
Newcastle Jets are the defending Australia Cup champions having toppled NPL Victoria heavyweights Heidelberg United 3-1 after extra-time in the 2025 final.
The Jets also finished the last A-League season as minor premiers, but were knocked out in the semi-finals by Sydney FC.
As expected, the Jets' have lost a bunch of players to overseas clubs ahead of this season, but did sign Joe Lolley from Sydney for the upcoming campaign.
Sydney are the early favourites to win the trophy at $5.50, slightly ahead of Newcastle at $6.00.
There's a logjam of A-League clubs priced from $9.00 to $11, while South Melbourne are the most-fancied NPL side ahead of the R32.
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