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Are Odds Stacked Against Panama? Experts Weigh Copa America Fate

The 2024 Copa America will be special for Panama as they make their debut in the continental tournament. Since head coach Thomas Christiansen took over, Los Canaleros have been one of the best teams in CONCACAF but now it’s time to take it to the next level. According to our latest soccer odds to win the title, Panama (+15000) will suffer, but I wouldn’t rule out a surprise.


Are Odds Stacked Against Panama? Experts Weigh Copa America Fate
Adalberto Carrasquilla #8 | Ron Jenkins/Getty Images/AFP

Copa America 2024 Information

  • Dates: June 20 – July 14
  • Location: USA (14 venues)
  • Teams: 16 (10 from CONMEBOL and six from CONCACAF)
  • Defending Champions: Argentina


Los Canaleros Crush Their Way to Copa America!

To qualify for Copa America 2024, Panama crushed Costa Rica in the quarterfinals of the CONCACAF Nations League, winning the first leg in San Jose 3-0 and finishing the job a week later at home with another 3-1 victory. Jose Fajardo was the MVP of the series after scoring in both games.

Before that, Los Canaleros won Group A with a 3-1-0 record, nine goals for and only two against. Only Guatemala was able to win a point against them thanks to a 1-1 draw at home, but Panama made sure to set the record straight with a 3-0 victory in the second leg.

Since Panama has never played in Copa America, we must talk about recent results in the Gold Cup, which is the top regional tournament. Los Canaleros reached the semifinals in two of the last five editions, including the last one in 2023, putting up a good fight against Mexico before losing 1-0.

Most recently, Panama began the road to the 2026 World Cup with two victories, 2-0 over Guyana and 3-1 over Montserrat.




Adalberto Carrasquilla Leading Panama’s Rise

One of the reasons why Panama has become one of the best teams in CONCACAF is that a good part of the squad currently plays in highly competitive leagues. The list includes Adalberto Carrasquilla, who plays in the MLS for the Houston Dynamo. Carrasquilla is considered one of the best midfielders in the region, especially after being crucial for the Dynamo to win the 2023 U.S. Open Cup.

There’s also Fidel Escobar, who plays for Deportivo Saprissa in Costa Rica. Escobar can play as centre-back or defensive midfielder. Escobar has been crucial for his team to win the last four domestic titles in a row.

Finally, we must talk about Jose Fajardo, who plays for Universidad Catolica in Ecuador. This season, he already scored six goals, getting at least one goal in each of the last three major tournaments with Panama, scoring 11 goals in 46 matches. I know that’s not an impressive number, but right now there’s no better striker than him. Plus, a good performance in Copa America could be the key for him to sign for a continental powerhouse.


Panama: Worst Odds to Win Anything

Panama is offering a +15000 betting line to win Copa America. Alongside Bolivia and Jamaica, Los Canaleros have the worst odds. To give you a better idea, Argentina is the favorite at +175.

Regarding Group C, in which Panama will face the United States, Bolivia, and Uruguay, Los Canaleros are +1600 to finish atop the standings. Uruguay leads the way at -135, while the host is +135. A better bet would be a wager on them finishing last in the group at +110 odds.

Individually, only Fajardo is on the odds board to win the Golden Boot. He’s offering a +30000 line at the sportsbook. Only Leon Bailey from Jamaica is behind him at +40000.

I don’t expect Fajardo to win the award, but I do expect him to score at least a couple of goals. He’ll have plenty of chances, especially against Bolivia, so look him up when betting on player props for that match.



Odds and information are accurate at the time of writing. Please check with official sources for the latest updates before placing any bets.


Questions of the Day

Which will be Panama’s first game at Copa America 2024?

Los Canaleros will make their debut against Uruguay on Sunday, June 23.

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