FA Cup Winner Odds 2026/27

Last updated: 28/07/2026

The clubs at the top of this market won't kick a ball in the FA Cup until January, which is a strange thing to be pricing in July and exactly why the top of it looks tighter than a league table would. Arsenal are 9/2 to win it, with Manchester City at 5/1 and Liverpool at 13/2, and the final is at Wembley in May.

Odds correct as of 27 July 2026.

FA Cup winner odds 2026/27

Head to our football outrights to place your bet.

Nothing much happens to these prices until the third round draw comes out, and then they move a great deal all at once.

Who are the favourites to win the FA Cup?

The first thing you notice is how little separates the top of this market compared with the title race, and the format explains all of it. Thirty-eight league games reward whoever has the best squad and the fewest bad months. Winning a cup means getting through six ties without a single one going wrong.

Arsenal are shortest at 9/2, nowhere near as short as they are for the league, with Manchester City at 5/1, Liverpool at 13/2, Manchester United at 7/1 and Chelsea at 9/1 all close enough behind to be having the same conversation.

City are the ones with the record though. They've reached all four of the last four finals and won two of them, which in a competition this unpredictable is a remarkable run. Crystal Palace won it in 2025, and that trophy is what opened the door to their European nights.

Tottenham and Aston Villa at 14/1 aren't far outside it. From Newcastle at 20/1 down you're into sides more than capable of beating anyone on their day, and Brighton, Brentford and Bournemouth have all recruited well enough to fancy a run in this.

Every price on that table is a bet on six good afternoons rather than nine good months, which is a very different proposition and is priced like one.

When is the FA Cup played?

It starts in August, though not with anyone in the table above, which is the single most confusing thing about this competition if you only follow the top flight.

The FA Cup takes entries from right across the pyramid, so it spends late summer and autumn working through qualifying rounds before the first round proper in November. That's where League One and League Two clubs come in. The Premier League and Championship sides don't join until the third round in January, by which point the thing has been running for five months.

Premier League clubs then field less experienced sides in those early rounds, and the big six are the worst for it. Arsenal, Chelsea, Manchester United, Manchester City, Tottenham and Liverpool will all rotate heavily in the third round.

What people forget is what a second string looks like at those clubs. Eleven full internationals, most of the time. A rotated City side is still better than almost anything below them can put out.

Some Championship clubs rotate too, which evens things up a little, and smaller sides have reached finals often enough in recent years that there's no reason to think it can't happen again.

How FA Cup winner betting works

The outright market pays out on whoever lifts the trophy and nothing else settles it, so getting to the final and losing it is worth precisely as much as going out in the third round.

Each-way works a bit differently on a knockout, because the place part usually means reaching the final rather than finishing anywhere in particular. Where the terms are offered your bet splits in two, half on the win and half on the place, with the place half paying at a fraction of the odds. They vary by market so read the ones attached, and our each-way explainer covers it properly.

A couple of things are specific to cup football. From a certain round onwards, ties level after ninety minutes go to extra time and then penalties, and an outright bet settles on whoever goes through regardless of how they managed it. And once a club is knocked out that's the end of it, with nothing to settle either way.

As for the prices, they're the market's read on who's likely to win rather than percentages you can take literally, because the bookies' cut is inside all of them, ours included.

What the FA Cup winner gets

There's prize money at every round and it climbs steeply once the big clubs come in. A third round win is worth £121,500, the quarter-finals £477,000, a semi-final £1,060,000, and lifting the trophy £2,120,000. Win it from the third round and you've banked £4,144,000. [Source: The FA, 2026-27 prize fund.] But the money isn't really the prize.

The prize is Europe. The FA Cup winner takes a European place, and underneath that sits a mechanic most pages skip entirely: if the club that wins it has already qualified for Europe through the league, that place doesn't go to waste, it passes down the Premier League table to the next club that hasn't.

Which is more interesting than it sounds, because it means a cup run by a club already sitting in the top four quietly changes the European picture for somebody in seventh who has nothing to do with the FA Cup at all.

The FA Cup winner qualifies for the following season's Europa League league phase. Underneath that sits a mechanic most pages skip: if the club that wins it has already qualified for Europe through its league position, that place doesn't go to waste. It passes down to the next-highest ranked Premier League club not already qualified for a UEFA competition. [Source: Premier League.]

Which is more interesting than it sounds, because it means a cup run by a club already in the top five quietly changes the European picture for somebody in seventh who has nothing to do with the FA Cup at all. It happened last season: Manchester City won it, had already secured Champions League football through the league, and their Europa League place went down the table instead. The related mechanic on Champions League places is covered on our top 4 odds page.

FA Cup giant-killings and long-priced winners

The FA Cup's whole reputation rests on lower-league clubs turning over top-flight ones, and the record is more complicated than the reputation suggests.

Upsets in individual ties happen every single year and always will, because that's what a one-off game does to two teams of different quality. Actually winning the thing from outside the top flight is a completely different proposition, and nobody has managed it since 1980.

That was West Ham, a Second Division side at the time, beating holders Arsenal 1-0 through a Trevor Brooking goal. Before them Sunderland in 1973 and Southampton in 1976, and before that you go all the way back to West Brom in 1931. Eight clubs in total have won it from outside the top division, and Tottenham in 1901 remain the only non-League winner since the Football League was founded. [Sources: Wikipedia, History of the FA Cup and Goal.

So the giant-killing is real and the giant-killer lifting the trophy is not, at least not in the last forty-six years. Which is the thing to hold in mind looking at Wrexham at 150/1 or Rotherham at 1000/1. Those prices are about winning six ties in a row, not about one good afternoon in January.

Frequently asked questions

How much does an FA Cup winner get?

Prize money at every round, rising from £121,500 for a third round win to £2,120,000 for lifting the trophy, which comes to £4,144,000 for a club that goes all the way from the third round. On top of that sits a European place, which is worth considerably more. [Source: The FA.]

Who is the lowest ranked team to win the FA Cup?

The winners receive £2,120,000 for the final itself, with the runners-up on £1,060,000. A club entering at the third round and winning the competition collects £4,144,000 across the six rounds. Non-League sides start much lower, at £1,125 for an extra preliminary round win. [Source: The FA, 2026-27 prize fund.]

What happens if a club that has already qualified for Europe wins the FA Cup?

The European place attached to the FA Cup passes down to the next-highest ranked Premier League club not already qualified for a UEFA competition. [Source: Premier League.]

What are the odds on Manchester United to win the FA Cup?

Manchester United are 7/1 to win the FA Cup in 2026/27, fourth in the market behind Arsenal, Manchester City and Liverpool. Odds correct as of 27 July 2026.

What are Everton's odds to win the FA Cup?

Everton are 33/1 to win the FA Cup in 2026/27. Odds correct as of 27 July 2026.

FA Cup winner odds at Midnite

The full priced field is on the FA Cup market page, alongside the Premier League, Championship and European competitions.

An outright bet placed in July on a competition that starts for these clubs in January ties money up for the best part of a year, so treat the stake accordingly. Deposit limits and time-outs are in your account settings and the Responsible Play page explains what each does. 18+, please gamble responsibly. Midnite is licensed and regulated by the Great Britain Gambling Commission.

About the author

Ben Cullen is Head of Risk at Midnite, where he leads the team that prices the markets and manages the sportsbook's exposure. He has spent 12 years in trading and risk, previously at Ladbrokes Coral, ComeOn and KingMakers. He writes here on how betting markets are actually built, priced and settled. Connect with Ben on LinkedIn.