The winners of the EFL Cup automatically qualify for European competition, and they are awarded the first domestic trophy of the season, which is why it’s particularly popular with fans.
When is the EFL Cup 2023-2024?
In the 2023-2024 season, the first round of the EFL Cup will be played on the w/c August 7 2023. Premier League teams enter the competition in the second and third rounds, scheduled for the end of August and the middle of September, respectively. The final will be held at Wembley Stadium on February 25, 2024.
History of the EFL Cup
The EFL Cup was founded in 1960, and Liverpool are the most successful team in the tournament’s history, with nine titles to their name.
In recent times, Manchester City have dominated the cup, winning it six times between 2013 and 2023, an impressive return.
The current holders are Manchester United, who defeated Newcastle United 2-0 in the 2023 final at Wembley Stadium.
Saudi-backed Newcastle United hope to go one better in the 2023-24 EFL Cup as they look to land their first major silverware since 1969.
Which Teams Play in the EFL Cup 2023-2024 + Format & Schedule of EFL Cup 2023-2024
All 92 teams in the English football pyramid play in the EFL Cup (four of these teams are Welsh – Swansea City, Cardiff City, Newport County, and Wrexham).
The 13 EPL teams that aren’t involved in European competitions enter the EFL Cup in the second-round phase, while the remaining EPL teams enter the cup in the third round.
Each round is a one-leg knockout until the semi-final, in which each team plays one leg at home and one leg away. The final is hosted at Wembley Stadium in London.
Moneyline – a straight-up bet on the team to win an EFL Cup match.
1x2 – a three-part bet that offers the home win, tie, and away win.
To Qualify – a bet on the team you think will qualify for the next round of the EFL Cup.
Asian Total – a totals bet on the number of goals you think will be scored in an EFL match.
Asian Handicap – a bet on the team to win with a handicap applied that they must overcome.
Double Chance – a bet on two outcomes of an EFL Cup match. For instance, you could bet on the home win and then the home win after penalties.
1st Goal – a bet on the player you think will score the first goal in an EFL match.
Correct Score – a wager on the final score of an EFL match (e.g., 3-2).
Both Teams to Score – a bet on both teams to score in an EFL fixture.
Halftime/Fulltime – a bet on what you think the score will be in an EFL match at half-time, then at full-time.
You can also use our 'Bet Builder' function to place same game multi bets and place multiple selections on the single betting slip. This is an easy way to boost your odds on a specific fixture! Learn more with our same game multi betting guide.
Live Stream EFL Cup & Soccer Live Betting
You can live stream various live soccer matches directly at Stake.com. Simply sign into your account and check which fixtures have a live broadcast icon. You can then watch the action unfold for free.
This also presents the perfect opportunity to place live bets while you watch live soccer. Live bets include things like the next player or team to score, and there are other markets like number of corners, cautions, or offsides in a game.
Stake.com is the home of crypto sports betting with excellent value EFL Cup odds. When you make winning selections, you can process withdrawals for instant access to your winnings. You can also view odds in different ways from your Stake account, choosing from fractions, decimals, or the American format.
EFL Cup Betting Tips, Predictions & Strategies
To make the most of EFL Cup betting opportunities, here are some tips to bear in mind before making your selections:
Always research before picking an EFL Cup team to win and look at a team’s injuries.
Bear in mind that many of the big teams rest their best players in EFL Cup matches, particularly in the early rounds. This can help you find good value with underdogs.