The ICC Men’s T20 World Cup 2026 promises to be one of the most exciting editions of the tournament yet, with host nations India and Sri Lanka setting the stage for explosive T20 action. With 20 teams competing across sub-continental conditions that favour big hitters and smart bowlers alike, the outright betting markets offer compelling insight into who is most likely to lift the trophy.
READ MORE: T20 World Cup 2026: Why South Africa Are Genuine Title Contenders.
Below, we analyse the outright betting odds and what they tell us about the five leading contenders:
- India: 2.36
- Australia: 4.50
- England: 6.45
- South Africa: 6.95
- New Zealand: 13.00
India (2.36)
At 2.36, India are the clear favourites to win the T20 World Cup again, and for good reason. India are the defending champions, having won the 2024 tournament and will be playing much of the 2026 event on home soil, or in familiar sub-continental conditions, a huge advantage in T20 cricket. Familiarity with pitches in India and Sri Lanka tends to favour home-grown explosive batsmen and quality spinners, a combination India boasts in abundance.
India’s batting depth and explosive middle order, combined with disciplined bowling, make them a top pick in the outright market, and many experts still see them as the side to beat.
Bet on India to win the T20 World Cup at 2.36.
Australia (4.50)
At 4.50, Australia are second favourites in the outright markets. The Aussies have a long history of cricketing success, and their T20 side blends raw power hitting with strategic bowling execution. While recent injury news, such as fast bowler Josh Hazlewood potentially missing the early stages of the tournament, could temper expectations, their overall squad talent remains world-class.
Australia’s familiarity with spin and pace in sub-continental conditions gives them the balance needed to navigate tricky early matches and peak in the knockout rounds, which is crucial in T20 tournament cricket.
Bet on Australia to win the T20 World Cup at 4.50.
England (6.45)
With odds around 6.45, England remain firmly in the title conversation. England’s T20 side is known for its aggressive batting, with players capable of changing games in a handful of overs, and a bowling attack that can restrict scoring at key moments. Recent squad developments, such as the return of influential bowler Jofra Archer, strengthen their prospects further.
England have a track record of performing well on big stages, and if their big names click at the right time, they can easily upset the more favoured teams and make a deep run.
Bet on England to win the T20 World Cup at 6.45.
South Africa (6.95)
The Proteas’ odds of 6.95 reflect their standing as legitimate dark horse contenders. South Africa were runners-up at the previous World Cup and have a line-up built for tournament success: explosive top-order batting with the return of Quinton de Kock, game-breaking talent like Dewald Brevis and in-form leaders such as Aiden Markram, and a disciplined bowling attack led by Kagiso Rabada.
Their ability to put pressure on the big teams, especially in clutch games, makes them a tempting bet for punters who believe they can finally get over the line and claim a maiden title.
Bet on South Africa to win the T20 World Cup at boosted odds (Was 6.95 Now 8.50).
New Zealand (13.00)
Longer odds at 13.00 place New Zealand in the “value pick” category. Historically competitive in ICC events, the Kiwis combine resilient bowling with a batting line-up capable of key acceleration. Their experience in finals and big tour matches can serve them well in the Super 8 and knockout phases.
At this price, New Zealand might not be top of everyone’s list, but they represent a credible outside chance, particularly if conditions favour disciplined runs and tight bowling.
Lwanele is the Content Manager for BetJets News and has dedicated six years to creating top-notch sports betting content for major bookmakers, establishing himself as a trusted source for betting advice. As the resident tipster for TAB’s popular TV show Racing Today, he specialises in cricket, MMA, and soccer betting. Known for his keen analysis and practical tips, Lwanele provides BetJets readers with the tools they need to approach betting with confidence and strategy.
