Spain are the favourites to win the 2026/27 UEFA Nations League at 3/1 with Betfred, with France (10/3), Germany (9/2) and England (9/2) close behind.
The reigning champions begin their title defence this week as the league phase gets under way, and the outright market already points to another European heavyweight lifting the trophy. Here are the latest Nations League winner odds in full, plus how the tournament plays out.
Nations League Winner Odds 2026/27
| Team | Betfred Odds |
|---|---|
| Spain | 3/1 |
| France | 10/3 |
| Germany | 9/2 |
| England | 9/2 |
| Portugal | 8/1 |
| Netherlands | 12/1 |
| Norway | 16/1 |
| Belgium | 20/1 |
| Italy | 25/1 |
| Denmark | 28/1 |
| Croatia | 50/1 |
| Serbia | 100/1 |
| Turkey | 100/1 |
| Greece | 125/1 |
| Wales | 150/1 |
| Czech Republic | 150/1 |
Odds from Betfred, each-way 1/2 odds 2 places, correct at the time of writing and subject to change. 18+. GambleAware.org.
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Who Is Favourite to Win the Nations League?
Spain are the favourites to win the 2026/27 UEFA Nations League at 3/1. La Roja are the reigning champions, having beaten Portugal on penalties in the 2025 final, and they begin the defence of their title as the shortest price in the outright market. With a young, exceptional squad, they’re the team to beat.
France (10/3) are next, and remain one of the most consistent tournament sides in world football. Germany (9/2) and England (9/2) are level as the next contenders — England arriving in strong form after a memorable 6-4 win over France in the 2026 World Cup third-place play-off. Portugal (8/1), the most recent winners alongside Spain, complete the leading names.
The Contenders in Detail
- Spain (3/1) — reigning champions and clear favourites, defending the title they won on penalties in 2025.
- France (10/3) — perennially dangerous in major tournaments, and a serious threat to go all the way.
- Germany (9/2) — among the leading contenders and always a factor at this level.
- England (9/2) — level with Germany, and arriving with genuine attacking momentum.
- Portugal (8/1) — two-time winners and the only nation to lift the trophy more than once.
Beyond the front five, the Netherlands (12/1) and Norway (16/1) head the outsiders, with the likes of Wales (150/1) among the longest shots in the market.
Previous Nations League Winners
The UEFA Nations League has produced three different winners across its first four editions, with Portugal the only nation to win it twice:
| Year | Winner | Final |
|---|---|---|
| 2019 | Portugal | Portugal 1-0 Netherlands |
| 2021 | France | France 2-1 Spain |
| 2023 | Spain | Spain 0-0 Croatia (5-4 pens) |
| 2025 | Portugal | Portugal 2-2 Spain (5-3 pens) |
Portugal have lifted the trophy twice (2019 and 2025), while France (2021) and Spain (2023) have each won it once. Both of Portugal’s triumphs and Spain’s win came via penalty shootouts, underlining how finely balanced the latter stages tend to be.
How the Nations League Works
The 2026/27 Nations League begins with the League A group phase, running through the autumn internationals. The top teams from each League A group advance to a two-legged quarter-final stage in March 2027, with the four quarter-final winners progressing to the finals in June 2027 — where the champion is crowned. The format rewards consistency across the group phase rather than a single knockout run.
Nations League Free Bets
New customers can claim a welcome offer to put towards the Nations League outright or this week’s fixtures. See our Nations League tips and football free bets — with offers up to £50.
Frequently Asked Questions
Who is favourite to win the Nations League? Spain are favourites to win the 2026/27 UEFA Nations League at 3/1 with Betfred, ahead of France (10/3), Germany (9/2) and England (9/2).
What are the odds for England to win the Nations League? England are 9/2 to win the 2026/27 Nations League with Betfred, level with Germany and behind Spain and France.
Who has won the Nations League before? Portugal (2019 and 2025), France (2021) and Spain (2023) are the previous winners. Portugal are the only nation to have won it twice.
When is the Nations League final? The 2026/27 Nations League finals take place in June 2027, following the League A quarter-finals in March 2027.
When does the Nations League start? The 2026/27 league phase begins in the September international window, with matchdays running through the autumn.
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Andy Clark is a British betting analyst and the founder and editor of Thatsagoal, a UK sports betting comparison site operated by Thatsagoal Media Limited. He has over 20 years of betting experience across football and horse racing, and personally tests every bookmaker account reviewed on the site.
