Copa Libertadores Betting Odds - Bet on South American Soccer

Copa Libertadores is the South American Champions League and serves up a feast of football for fans around the world.

Teams from Brazil & Argentina tend to dominate the competition, but we have seen winners from across the South American continent over the years.

So, if you’re keen to profit from soccer betting at Stake.com , learn about the Copa Libertadores and which wagers you can place on this major soccer competition.

History of Copa Libertadores

Copa Libertadores has been played every season since 1960 and is the flagship tournament in South American soccer. The tournament was named after the leaders of the Latin American wars of independence and is hugely popular across the Americas.

The inaugural winners of the South American league were Uruguayan giants Penarol, who retained their title in 1961. By 1970, Estudiantes had asserted their dominance of the competition, winning three successive titles between 1968-1970.

The most successful team in the tournament’s history are Argentina’s Independiente, with seven crowns. However, Brazil has the highest number of winning teams, with ten Copa Libertadores champions from Brazilian clubs over the years. This includes current holders Flamengo, who won their third title in 2022.

The Copa Libertadores have changed and evolved over the years, but it’s always been a knockout competition consisting of the best teams from South America, along with Copa Sudamericana and Recopa Sudamericana .

The winning team of Copa Libertadores plays at the FIFA World Cup .

Major Teams in Copa Libertadores

The biggest teams in Copa Libertadores come from Brazil and Argentina – South America’s duelling soccer hotbeds. In fact, in the first 18 years of the competition, only teams from Brazil, Argentina and Uruguay won the trophy.

Olimpia of Paraguay bucked the trend with their 1978 win, but teams from the same three nations shared the prize until Atletico Nacional from Colombia won the trophy in 1989.

In the early decades of the tournament, Penarol & Nacional (Uruguay), Independiente & Estudiantes (Argentina), and Santos & Cruzeiro (Brazil) were the teams to beat in Copa Libertadores.

In more recent times, five of the past six tournaments have been won by Brazilian teams, with only River Plate’s thrilling 2018 win over fierce rivals Boca Juniors temporarily halting Brazil’s recent dominance of the competition.

Format and Schedule of Copa Libertadores

Copa Libertadores is a knockout continental club competition. After a series of qualifying stages, the tournament begins with a group stage, in which each team plays six matches.

The top two teams from each group progress to the knockout stages, beginning with a two-legged round of 16.

After that, the quarter-finals and semi-finals are competed before the end-of-season showdown at the Maracana in Brazil in November.

Copa Libertadores 2023 Results

Copa Libertadores ran from February to November 2023. The Copa Libertadores final soccer match was played at Brazil’s iconic Maracana Stadium in Rio on 11 November 2023. The grand final saw Fluminense defeat the Boca Juniors by a 2-1 score after extra time.

Copa Libertadores 2024

The next tournament is the 2024 Copa CONMEBOL Libertadores, which will be the will be the 65th edition of the CONMEBOL Libertadores. The competition is set to run from February to November 2024.

How to Bet on Copa Libertadores & Bet Types

Betting on Copa Libertadores at Stake.com couldn’t be easier. After adding funds to your account, you can place the following bet types:

1x2: A 1x2 bet is a wager on the outcome of a match. 1 refers to the home win, x refers to the draw, and 2 refers to the away win.
Draw no bet: In soccer betting, a draw no bet is a match outcome bet that returns your stake if the game ends in a tie.
Asian total: An Asian total bet is a two-way wager that lets you bet on how many goals you think will be scored in a Copa Libertadores match.
Asian handicap: In an Asian handicap, the favourites are handicapped, and the underdogs are given a head start. If you back the favourites, they will have to overcome their handicap for your bet to be successful.
Double chance: As the name suggests, a double chance bet allows you to bet on two of three outcomes – it typically involves a wager on the win or a tie.
1st goal: This is a proposition bet, where you bet on the team or player you think will score first in a match.
Correct score: In soccer, a correct score bet sees you place a wager on the full-time score, be it 0-0 or 3-1, for instance.
Both teams to score: Rather than focusing on the winners or losers, a both teams to score bet is a wager on the fact that both teams will find the back of the net during a game.
Halftime/fulltime: As soccer is a game of two halves, you can place a bet on how you think the action will go in both the first and the second half of a game. Live Betting Options for Copa Libertadores

In addition to a host of pre-match soccer betting markets, you can also place a range of live betting lines on Copa Libertadores fixtures.

For instance, you can make proposition bets on key players, be it the first player to score or a player to receive a yellow card.

Live football betting also involves bets like the next team to score and the number of corners in a half, providing many options once the action is underway.

Live stream the action completely free, and place live-wagers based on watching the action unfold in real time. Check out our guide to live streaming sports on Stake for more information.

Copa Libertadores Betting Odds & Payouts

Before backing your favourite teams and players in the Copa Libertadores, you need to understand the odds and potential payouts. At Stake.com, you can adjust your settings to view odds in three formats – fractional, decimal or American.

As a fiat and crypto sportsbook , you can expect instant payouts for all Copa Libertadores bets, which is one of the main reasons to choose Stake.com for your South America soccer bets.

Copa Libertadores Betting Tips & Strategies

If you’re keen to get amongst the league action and bet on the Copa Libertadores and other sports this season, check out our sports betting tips to find the latest picks, along with our hints to get your strategy started:

Consider form: Look at a team’s form in their domestic league seasons before backing them to win a Copa Libertadores fixture. Those that gain knowledge of leagues will do far better when it comes to creating their betting strategy.
Home or away: Most teams struggle to perform as well away from home as they do at home. So, bear this in mind before picking your winners.
Look at past winners: Winning the Copa Libertadores is far from easy, so check which teams have a pedigree at the top level before backing them to win the tournament outright.

Ready to bet on the Copa Libertadores at Stake.com? Load up your account with local currency or crypto , read our sports betting guide , and place your bets! Be sure to take advantage of our sports betting bonuses and promos to make the most out of your betting experience.