The Carabao Cup – formerly known as the EFL Cup – stands alongside the FA Cup as England’s prominent cup competition, and is open only to the 92 members of the Premier League and Football League pyramid. Check out this guide for all you need to know about Carabao Cup betting!

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Founded: 1946
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Founded: 1886
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18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first 5 bet within 14 days of account reg at min odds 1/2 = 4x 5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions + Full T&Cs apply. Bet Responsibly. GambleAware.org #ad

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Founded: 1992
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18+. Place a qualifying £10 fixed odds bet at odds of 1/2 or greater. Qualifying bet cannot be placed in-play or cashed out early. A first free £10 fixed odds bet will be credited upon settlement of the qualifying bet. The second free £10 fixed odds bets will be added to your account on the following day. Free bets must be claimed within 28 days of opening. Free bet stake not included in any winnings. Full T&Cs apply. Bet Responsibly. GambleAware.org #ad

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The EFL League Cup, now commonly known as its sponsored name the Carabao Cup, is widely regarded as England’s secondary cup competition only behind the FA Cup.

To be absolutely clear, League Cup betting, EFL Cup Betting, and Carabao Cup betting all mean the same thing.

The competition, which usually begins in August and ends with a Wembley final in February, follows a knockout structure and is open to all 92 clubs in England’s top four divisions.

Though this is a straight knockout competition, it’s not as straightforward as you might expect, with many teams entering in later stages of the competition. This has been done to ease the overcrowded football schedule of top level clubs, especially those playing in European competitions.

Round 1

The first round consists of 70 teams and 35 games. These include all current EFL League 1 and EFL League 2 occupants, as well as 22 out of 24 championship sides. The two Championship sides which are left out are the teams which finished 18th and 19th in the Premier League the previous season. In this year's case, they were Burnley and Watford.

Round 2

Then, in Round 2, the two Championship sides enter alongside the 13 Premier League teams which are not involved in any European competitions, totalling 50 teams and 25 matches.

Round 3 and Beyond

The seven premier league clubs left to join enter Round 3 with the 25 winners of Round 2, amounting to 32 teams in all. From this point on it becomes a normal knockout, with 16 teams progressing to the 4th round, eight teams progressing to the 5th round / quarter-finals, and so on and so forth until the Final in February at Wembley.

Unlike the FA Cup, there are no replays, with ties played in rounds 1-5 and decided via a penalty shootout should the match end in a draw. There are no extra-time periods until the semi-finals, which are two-legged affairs.

With four teams left in the competition, it’s still anyone’s guess as to who is most likely to lift the trophy. However, it's fairly certain that a Premier League team will win it. Below are the odds for each team left in the tournament.

TeamOddsBookmaker
Liverpool5/4Coral
Newcastle81/50Ladbrokes
Tottenham5/1Coral
Arsenal6/1Betfred

The below tips can serve as a guide not just for the Carabao Cup, but for betting in general. Taking the time to fully understand them can enhance your overall experience as a punter, and may just give you the added edge you need to finding value for your bets!

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Don’t let your emotions get the best of you

If you’re betting on your favourite team, or any side you have a vested interest in, make sure you remain as unbiased as possible.While being a footie fan should always be about passion and having fun, letting yourself get carried away doesn’t necessarily make for the smartest Carabao Cup betting. Your ability to analyse Carabao Cup odds quality, for instance, may start to wobble under the strain of your excitement. If that is the case - if you can’t separate your head from your heart on a particular market, especially when talking about backing a team to win - then it is time to look elsewhere.

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Check out alternative markets

The good news is that there’s plenty of places to look, thanks to an amazing selection of alternative markets available on events like this. Sports betting can often have great variety, especially for something as popular as football. Over/under markets, Asian handicap betting markets, players markets, and plenty more can all offer great options if you don’t find backing a team to win or a Carabao Cup draw exciting enough. Just check out our betting guide on EFL transfers for an example of how interesting and rewarding sports betting on footie alternatives can be.

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Utilise the football stats

When it comes to making smarter predictions, stats can be your best friend. Check out our football stats centre, which includes great info on everything from penalties to football goal statistics across a ton of English (and European) teams. Moreover, the entire top flight of the English football league is included. Considering both the finalists are in the Premier League and have a huge history together, there’s a treasure trove of relevant stats to help inform you.

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Shop around for the best odds

The popularity of League Cup betting makes for excellent odds, as bookmakers will try their best in order to convince you to choose them over all the others. If you find better, more competitive odds away from your preferred bookie, by all means, sign up and take advantage. Remember that you can sign up to as many operators as you like without it affecting your other accounts.

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Take advantage of the promotions

Not only does Carabao Cup betting offer the promise of excellent odds, but it also results in some of the best promotions you’ll find anywhere. Again, it’s a huge event, and with operators desperate to grab your attention, you will find very generous bonuses available across various sites. These could range from free bet no deposit offers for new customers to enhanced odds on specific markets. So, while shopping around, be sure pay attention to that promotions page!

The Carabao Cup is a fantastic tournament for betting, especially for football fans.

Outright Winner

This is the most common bet associated with Carabao Cup betting, as you’re picking who you think will win the competition in February. The bet is very simple, especially as it gets easier to pick a winner as the rounds go by. The odds however, get lower, so keep that in mind.

Carabao Cup Betting on Rounds

With the Carabao Cup comprising five rounds, two two-legged semi-finals and a final, there’s plenty of football to bet on. Interesting fixtures are inevitable, with the possibility of a giant killing or two arriving at every stage.

Tournament Top Scorer

Available at the beginning of the tournament, this is an incredibly tough bet to nail due to the unpredictability of the competition, as well as the likelihood of the top teams rotating and the low number of goals it’ll take to top the scoring charts. Betting on a club starting in an earlier round may be beneficial, especially when facing weak opposition.

Each-Way Bet

Each-way sports betting is more commonly associated with horse racing and golf, but it does creep into football on the odd occasion. When League Cup betting on outright winners, you can place an each-way bet, which means the selected team will just have to reach the final for your wager to be successful. If they finish as runners-up, you’ll still get paid on the place part of your bet. 

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    Following a decade-long discussion over its formation, the EFL League Cup was established at the start of the 1960/61 season, with Aston Villa its inaugural winners. Back then, any betting taking place was known as English Football League Cup betting or League Cup betting.

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    For some, the competition was regarded as a “consolation” for those who’d been knocked out of the FA Cup and thus had another chance to win silverware. For others, the competition was a necessary introduction to the English league football that was losing its prestige, with match day attendances in stark decline at the start of the ‘60s.

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    Initially, the ‘big’ clubs in England dismissed the League Cup as useless and a distraction in their efforts to claim a place in the more lucrative and recently-established European Cup. However, the awarding of a European place to the competition’s victor swiftly altered the minds of the UK’s football elite. That, combined with an annual Wembley final, saw the competition’s popularity soar.

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    From 1972, entry into the League Cup was made compulsory for all Football League teams.

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    Liverpool dominated in the 1980s, lifting the trophy no less than four times on the spin at the start of the decade. Such superiority can only be rivalled by the current Manchester City team, who have won five of the last six League Cup competitions.

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    For the modern-day supporter, the League Cup is more commonly known by its sponsor name. There have been a multitude of sponsors over the years: Littlewoods, Milk (literally, milk), Rumbelows, Worthington, Coca Cola, Carling Cup, Capital One, and, of course, Carabao.

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    Last but not least, it is impossible to discuss the recent history of the EFL Cup without mentioning the coronavirus pandemic. The global viral outbreak had a huge impact on both of the previous seasons’ tournaments. Indeed, this tournament saw Rochdale get a bye due to a COVID-19 outbreak across many players of the Harrogate Town team, while the semi-final between Arsenal and Liverpool was postponed due to an outbreak among the Liverpool squad.

YearWinnerRunner-Up
2024LiverpoolChelsea
2023Manchester UnitedNewcastle
2022LiverpoolChelsea
2021Manchester CityTottenham Hotspur
2020Manchester CityAston Villa
2019Manchester CityChelsea
2018Manchester CityArsenal
2017Manchester UnitedSouthampton
2016Manchester CityLiverpool
2015ChelseaTottenham Hotspur
2014Manchester CitySunderland
2013Swansea CityBradford City
2012LiverpoolCardiff City
2011Birmingham CityArsenal
2010Manchester UnitedAston Villa
2009Manchester UnitedTottenham Hotspur
2008Tottenham HotspurChelsea
2007ChelseaArsenal
2006Manchester UnitedWigan Athletic
2005ChelseaLiverpool
2004MiddlesbroughBolton Wanderers
2003Liverpool Manchester United
2002Blackburn Rovers Tottenham Hotspur
2001LiverpoolBirmingham City
2000Tranmere RoversTranmere Rovers
TeamWinsRunner-UpYears Won
Liverpool1041980–81, 1981–82, 1982–83, 1983–84, 1994–95, 2000–01, 2002–03, 2011–12, 2021-22, 2023-24
Manchester City811969–70, 1975–76, 2013–14, 2015–16, 2017–18, 2018–19, 2019–20, 2020-21
Manchester United641991–92, 2005–06, 2008–09, 2009–10, 2016–17, 2022-23
Aston Villa541960–61, 1974–75, 1976–77, 1993–94, 1995–96
Chelsa541964–65, 1997–98, 2004–05, 2006–07, 2014–15
Tottenham Hotspur441970–71, 1972–73, 1998–99, 2007–08
Nottingham Forest421977–78, 1978–79, 1988–89, 1989–90
Leicester City321963–64, 1996–97, 1999–2000
Arsenal261986–87, 1992–93
Norwich City221961–62, 1984–85
PlayerGoals
Ian Rush49
Sir Geoff Hurst34
Robbie Fowler33
Alan Shearer32
Ian Wright30
Kenny Dalglish27
Tony Cottee26
Teddy Sheringham23
Matt Le Tissier23
Jermain Defoe22

The Carabao Cup certainly lacks the (albeit fading) prestige of the FA Cup, but it’s nonetheless a chance for teams to fight it out for a piece of major silverware. After the first few rounds of the competition are over, the remaining sides always turn it up a notch, making it a highly compelling spectacle to watch and bet on!

Based on our research, the best bookies for the Carabao Cup are bet365 and BetVictor.

The fixtures are played at club grounds until the final, which will be played on the 16th of March, at Wembley Stadium.

The semi-final remains the only round which is played over two legs, which are played at both team’s grounds.

Yes, all matches that end as a draw in the first five rounds will go straight to penalties. In the semi-finals and final, extra time will be played as well.

No – they are simply different names for the same tournament. If you see them advertised by either name through your bookmaker, they will be referring to the same thing, whether it is Carabao Cup betting, English Football League Cup betting, League Cup betting, or EFL Cup betting.

This year, it will take place on the 16th of March, 2025.

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WRITTEN BY Jeremy Sant Fournier View all posts by Jeremy Sant Fournier

If there’s one thing Jeremy loves, it’s sports. A football fanatic at heart, Jeremy can always been found watching, playing or talking about sports. It’s in his blood, and with a keen interest in sports betting, sports writing is a match made in heaven.

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