The men had their turn, now it’s time for the women’s World Cup. It’s now a 32-team playing field. Which of those countries are most worth betting on to win the 2023 World Cup? The United States is one, but that’s not our only hint of advice as we’ll explain if you keep reading.

  • What: 2023 FIFA Women’s World Cup
  • When: July 20 - August 20
  • Where: Australia and New Zealand

2023 Women’s World Cup Preview

We have to begin this World Cup preview with a look at the latest betting odds. The best betting sites for soccer have given odds to all 32 teams on their chances of raising the championship. As it stands, these countries are most favored to win:

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The big change to this year’s event is the tournament expansion, from 24 teams to 32. Because of the bigger playing field, we’re seeing a bevy of countries making their maiden World Cup appearance like Haiti, Ireland, Morocco, Panama, the Philippines, Portugal, Vietnam, and Zambia.

But make no mistake, the usual teams are still the favorites including the two-time reigning champs United States, the current Olympic gold medalists Canada, and England, the European champions. Past World Cup winner Germany is also in the mix. In our next section, we’ll drop which countries are most worth betting on to win it all.

Best Bets To Win 2023 Women’s World Cup

This is a wide-open tournament. While the United States has historically dominated this event, things are changing. The women’s game is growing globally and that means the gap between the US and the rest is shrinking too. This is why we’re advocating two different bets on the World Cup winner. We don’t feel comfortable going all-in on one so backup plans are necessary. With that said, here’s where our money is going:

United States

This is no surprise if you read the article headline. It’s also not a surprise knowing that the US women are the measuring stick in this sport. And it’s sure not a surprise given the Americans are the odds-on betting favorites across the board. But with that said, this isn’t your classic US team for those that might not be paying attention.

The American names that’ve dominated over the past eight years are either gone or on the verge of being so. New head coach Vlatko Andonovski, who replaced long-time coach Jill Ellis, went with youth on the 23-women roster. First-time World Cup players account for 14 out of the 23 roster spots. Part of this is a natural aging-out process, but others were because injuries forced Andonovski’s hand. Top players like Mallory Swanson, captain Becky Sauerbrunn, and rising star Catarina Macario are three of many injured players not making the trip.

Still, familiar names like Alex Morgan, Julie Ertz, and Megan Rapinoe are in the mix. Rapinoe has announced she’s retiring at the conclusion of this event, and for all we know, the end could be near for Morgan (making her fourth World Cup appearance) and Ertz (third appearance).

Andonovski will have a juggling act on his hands with this roster — mixing the old with the new. We’d be foolish to believe the United States will roll to victory like we’ve become used to. But at the same time, we’d be foolish to not believe the US can gel quickly given its talent. So we’re putting money on the Americans, but a hedge bet elsewhere is necessary too. Among the field, one other team comes to mind:

United States to win 2023 women's World Cup


In Europe, the usual powerhouses are England and Germany. However, we’re convinced there’s a changing of the guard happening and Spain will now become the continent’s big powerhouse. The talent is deep — and we mean deep — with La Roja, in spite of many players protesting and sitting out the tournament.

Leading the team is the best female player in the world today, Alexia Putellas. She’s the two-time reigning Ballon d’Or winner. She is coming back from an ACL injury, which is worrisome, but even an Alexia at, say, 85 percent fitness is a game-changer. The rest of the roster is filled out by Barcelona Academy standouts. The world-class club has invested deeply in the women’s program over the past decade and it’s starting to pay dividends.

Spain is bound for a run here. We’d confidently put money on them as a threat to end the US’s reign atop the women’s game.

Spain to win 2023 women's World Cup

How To Bet On 2023 Women’s World Cup

The World Cup will be ripe with betting opportunities for an entire month straight. The extra eight teams added-on for this year only makes things more fun and more profitable too. To get a one-stop shop to betting on the 2023 women’s World Cup, hit one of the bookmakers below (these are all top-rated sites in our latest sportsbook reviews). Every single game in this tourney will be available for betting at these sites — whether it’s a moneyline, over/under, or prop bet.

But here’s the best part: most or even all of your bets could be free thanks to lucrative sportsbook bonuses. These deals are offering hundreds to thousands of dollars in free play — money that could bankroll your World Cup betting. Our favorite offers are listed below. Pick one and be on your way to free-play riches in a jiffy!