A Tuesday night group game can feel a long way from Wembley. For the clubs involved, though, it is the first step towards a final that supporters may remember for decades. BetVictor’s football betting odds include EFL Trophy outright markets for the 2026/27 season, covering the race to win the competition. Before choosing a team, look beyond its league position: the draw, available players and approach to cup football all deserve attention.
Luton Town took the trophy home in 2026 after a 3–1 win against Stockport County. Wembley is the destination again this season, with the final scheduled for Sunday 11 April 2027.
The Trophy brings together League One and League Two first teams with invited under-21 sides. That mix gives it a different character from other domestic cups, and it makes checking the actual line-up particularly important.
An outright winner bet backs a team to win the whole competition. Topping a group or reaching Wembley will not settle a win-only selection successfully. Your chosen side has to lift the trophy.
The wager can run across several months if placed early in the campaign. Later on, there are fewer opponents left, but the price will reflect what has happened along the way. An early bet does not automatically mean a better price than one placed later.
There is also a difference between winning this cup and winning promotion. A club can have a memorable Trophy run without climbing the league table. The trophy itself does not earn a place in a higher division.
The market above shows the teams available to back and their current prices. These can change after results, injuries, transfer activity or a knockout draw.
A side does not have to play for its price to move. If a strong rival goes out, for example, the remaining field changes. Equally, a promising start in the groups can be followed by an awkward away tie.
Check the selection and price displayed on the bet slip before submitting the wager. An outright is a commitment to an outcome, not a prediction of how well a team will perform in general.
Choosing each-way, when available, adds a place bet to your win selection. You pay for both, with the same stake on each part. Check the total carefully: the amount staked on the win is only half of what the whole wager costs.
Read the displayed place terms rather than assuming they are the same as another competition. The number of places and the fraction used to calculate the place return will be shown with the market.
If the terms cover the finalists, a losing finalist can return the place part while the win part loses. That return does not necessarily cover the combined cost of the two bets.
Every League One and League Two club takes part. Those 48 first teams are joined by 16 invited under-21 sides, making a field of 64.
First comes a short group programme. There are eight groups in the north and another eight in the south, each containing four teams. Three matches apiece decide the standings, with the leading two from every group going through. Half the original field remains when the knockout football begins.
Three points go to the winner of a group game settled in normal time. A draw sends the teams to a shoot-out, but neither leaves empty-handed: both already have a point, with one more available for winning on penalties.
That bonus can affect who qualifies or finishes top. It does not turn the 90-minute draw into a win for standard match-result betting, however. The market rules, rather than the group points awarded, determine how a bet settles.
After the groups, ties are decided in a single match. A draw after normal time leads straight to penalties through to and including the semi-finals.
The final works differently. If the teams are level after 90 minutes, they play 30 minutes of extra time, followed by penalties if required.
An outright backer needs the trophy, however the final is decided. Anyone betting on the result of that match has a different question to check: does the selection stop at 90 minutes, or count what happens afterwards?
The current market is the place to check which teams have the shortest prices. A fixed ranking written early in the season soon loses its usefulness once group results and team selections arrive.
League One sides may have greater squad depth than opponents from the division below, but that is not the same as having their strongest players available on the night. Look at the team being picked, not just the names the manager could theoretically use.
A club chasing promotion has several demands on its squad. Two important league fixtures either side of a Trophy match may influence selection, although it would be a mistake to assume every promotion contender will rest players.
Following the League One outright odds can help put the third-tier clubs’ seasons in context. Then check their Trophy line-ups separately. A manager’s approach to the opening group game may not be the approach taken in a quarter-final.
An academy team represents the club named on its shirt, but it is not the Premier League first team. Familiarity with the senior side tells you little about the players taking part in this competition.
Look for recent under-21 results, the confirmed squad and any absences. A player who stands out in September might spend the winter on loan elsewhere. Another could be called into the senior squad. Revisit the team news as the rounds pass instead of relying on the line-up from that first group game.
An opening defeat is a setback, not necessarily elimination. Check points, remaining fixtures and the qualification picture before judging what one result means for an outright selection.
The same applies to a big win. A convincing score against weakened opposition needs a different reading from a strong performance against a near full-strength side. Results are useful; knowing how they happened is better.
Luton’s 2026 victory followed consecutive wins for Peterborough United. Posh beat Birmingham City in 2025 to become the first club to retain the trophy, having defeated Wycombe Wanderers a year earlier.
| Season | Winners | Runners-up |
|---|---|---|
| 2025/26 | Luton Town | Stockport County |
| 2024/25 | Peterborough United | Birmingham City |
| 2023/24 | Peterborough United | Wycombe Wanderers |
| 2022/23 | Bolton Wanderers | Plymouth Argyle |
| 2021/22 | Rotherham United | Sutton United |
Peterborough’s third success brought them level with Bristol City on three titles. Bristol City’s victories came in 1986, 2003 and 2015; Peterborough won in 2014, 2024 and 2025.
Those records are part of the competition’s history, not a reason to back a club without checking its current circumstances. Promotion and relegation change the eligible first-team field, while transfers can leave a previous winner with a very different squad.
Winner betting follows the entire cup campaign. Match betting concerns one fixture, with options that may include the result, both teams to score, goal totals and handicaps.
For an EFL Trophy group game, remember the shoot-out rule. A team can collect two points after penalties without winning the match-result selection. During the knockout rounds, “to qualify” concerns progression and is different from a normal-time result.
Selected fixtures may also appear in in-play betting after kick-off. Market availability can change during a match, so read the current selection and settlement basis before confirming anything.
Think about the length of the bet before placing it. The stake may remain committed until settlement, and you should not rely on Cash Out being offered later.
Many of the same clubs appear in the League Two outright betting, where the focus shifts from cup progress to the fourth-tier season. Keep the two competitions separate when reviewing a club’s results.
The FA Cup betting markets cover a different domestic knockout competition with a much wider entry. The EFL Trophy should also not be confused with the FA Trophy, which is a separate competition for non-league clubs.