The U.S. Women’s National Team is favored to win the 2023 Women’s World Cup championship that is set to take place in Australia and New Zealand. There is no doubt that expectations for the players on this roster are very high.

While the USWNT is the most successful women's team in soccer history, now enjoying the best odds to win the Women’s World Cup, there are several other countries whose rosters boast impressive levels of talent heading into this competition.

Fans will be eagerly tuning in to this tournament as they eagerly await the next Women’s World Cup champion. Many of the 32 countries involved are seeking to claim their very first title in a tournament that dates back to 1991.

Here is a look at the Women’s World Cup odds as well as some tournament betting tips and my picks related to this event.

2023 Women’s World Cup Odds

USA (W)+250
England (W) +350
Spain (W) +450
Germany (W) +650
France (W) +1000
Australia (W) +1200
Sweden (W) +1400
Netherlands (W) + 2000
Brazil (W) + 2500
Japan (W) +3300
Canada (W) +3300
Norway (W) +4000
Denmark (W) +6600
Italy (W) +8000
Haiti (W) +15000
New Zealand (W) +15000
China (W) +15000
Ireland (W) +15000
Argentina (W) +20000
Vietnam (W) +50000

Find the full 2023 FIFA Women’s World Cup odds on Betway Sportsbook  

Current Favorites to win 2023 FIFA Women’s World Cup

USWNT +250

It’s no surprise that the USWNT is favored to win the Women’s World Cup in Australia and New Zealand, given its history in international competitions. The Americans, who have won the last two World Cup championships and appeared in three straight tournament finals, are undoubtedly the team to beat in 2023.

The USWNT won the 2022 CONCACAF competition, adding yet another trophy to their impressive collection. The Americans hope this year’s World Cup trophy will become yet another shiny reminder of their dominance in the women’s game.

The USWNT’s odds to win the World Cup currently sit at +250, just ahead of England and multiple other European teams, including Spain, Germany and France.

England +350

The Lionesses of England enter the 2023 World Cup tournament having obliterated their competition in the process of qualifying. They won all 10 games in their qualifying group and scored a truly stunning 80 goals in those games, including a record-breaking 20-0 win over Latvia.

England won the Euro 2022 competition with an extra-time win over Germany in the tournament's final, and the team’s confidence is flying high as one of the 2023 Women’s World Cup favorites.

Coach Sarina Wiegman has built a remarkably strong unit in England’s team, which boasts a wealth of experience and some serious firepower on the offensive end. The English will be tough to beat this year, and one of the USWNT’s biggest challengers for the crown.

Spain +450

Much like England, Spain dominated in qualifying for the World Cup. The Spaniards played eight games, scored 53 goals, and didn’t concede a single goal on the defensive end.

The combination of strikers Amaiur Sarriegi and Esther Gonzalez put up 20 of those goals, and Spain looked dangerous in the build-up to the World Cup.

Other than defending champion USA and the European champion English team, Spain is one of the tournament's most likely contenders. Spain, whose Women’s World Cup 2023 championship odds are +450, is favored to win Group C.

Germany +650

Germany reached the final of Euro 2022 and took England to extra time, so this team has to be mentioned in any list of Women’s World Cup 2023 favorites.

Germany went 9-1 in qualifying for the tournament, and its roster boasts some of the nation’s finest soccer talent. Striker Alexandra Popp is a very experienced scorer with 62 goals in 128 appearances for her country. Her Wolfsburg teammate Lena Oberdorf is the queen of the midfield, skilled at both going forward and winning the ball back.

At +650, Germany feels like one of the Women’s World Cup sleepers, and this team has proven it can challenge the world’s best time and time again.

France +1000

The Women’s World Cup betting odds for Group F have France favored to finish in first place even though a talented Brazilian team is also in this group.

France was another team that went 10-0 in qualifying, scoring 54 goals and conceding just four on its way to Australia and New Zealand for the World Cup tournament.

Coach Herve Renard has deployed a 4-3-3 system for the French team that allows Eugenie Le Sommer to flourish as the lone striker. She will get strong support on the wings from Kadidiatou Diani if doctors clear Diani to play in time for the tournament.

France’s odds have been diminished slightly due to a Diani’s injury, as well as an injury that has sidelined Delphine Cascarino, but the French appear determined and ready to challenge for their first Women’s World Cup trophy.

2023 FIFA Women’s World Cup Sleepers

Co-host nation Australia should be considered a sleeper at the 2023 Women’s World Cup, and the Aussies are listed as one of my outside shots to win the competition in today's free pre-World Cup soccer picks.

The Australians are favored to advance through Group B. After that, things could get very interesting for them as they look to upset some of the tournament giants in front of their home crowd.

The distinct home advantage could very well play into their hands, because Australia is no slouch under coach Tony Gustavsson.

Brazil also has an outside shot to take it all the way. The 2007 tournament runners-up have a wealth of experience in their ranks, including all-time leading scorer Marta, who has 17 goals in World Cup competitions.

The South American teams’ odds to win the Women’s World Cup currently stand at +3300, so they’re facing a difficult task to say the least, but few will open this year’s tournament with a greater sense of belief than the Brazilians.

FIFA Women’s World Cup Winners List

As you can see from this list, the USWNT’s 2023 World Cup odds are hard to argue with in relation to the event's history. There have been eight World Cup tournaments to date, and the Americans have competed in five of the finals, winning four times.

Such dominance makes the USWNT an easy choice in any soccer betting picks and parlays, but this could be the most competitive tournament the Americans have played in to date. Having 32 teams in the field instead of the previous 24 makes for a deeper competition, offering the potential for more upsets as well as plenty of betting opportunities.

Other past women’s World Cup winners include Norway, Germany (a back-to-back winner in 2003 and 2007), and Japan, which is the only team ever to defeat the Americans in a Women’s World Cup final.

This year’s championship match will take place on Aug. 20. This promises to be a great month of soccer and another major step for the women’s game around the world.