2023 Copa Libertadores Season Predictions, Outright Winner Odds & Betting Tips (February 07 – November 11)

2023 Copa Libertadores Betting Tips & Predictions

South America’s biggest club competition begins in February with the first stage elimination and ends in November, with the final scheduled to be played in Colombia. Flamengo would be looking to defend their title, although they have much competition this time around with the emergence of exciting teams from Brazil.

The 2023 Copa Libertadores Key Info

The 64th edition of the Copa Libertadores features the best teams in South America battling for glory in CONMEBOL’s biggest club football competition. The new season will last for nine months, allowing fans and punters to enjoy the show of South American football in its best fashion.

Tournament: Copa CONMEBOL Libertadores 2023, 64th edition
Venues: Stadiums across South America
Dates: 7 February to 11 November 2023

2023 Copa Libertadores Odds to Win

Football online bookmakers have set the outright winner odds for the Copa Libertadores, and last year’s winners, Flamengo RJ, are the favorite to defend their title. Brazilian teams have been very consistent at the continental level during the last decade, and they occupy the top three on the odds chart to win the Copa Libertadores 2023.

2023 Copa Libertadores Favorites Odds to Win Outright
Flamengo 4.20 (16/5)
Palmeiras 5.50 (9/2)
Atletico MG 9.00 (8/1)
River Plate 13.00 (12/1)
Corinthians 14.00 (13/1)

Flamengo RJ @ 4.20 (16/5)

The defending champions are the favorites to win it again and prove the Copa Libertadores odds. Flamengo is rightly valued as the cherry pick because they are the best team in the continent, and few teams can match the year they just had. After missing out on the Supercopa do Brasil, Vitor Pereira would be eyeing a second consecutive Copa Libertadores win.

Palmeiras @ 5.50 (9/2)

Palmeiras isn’t far off Flamengo on the odds to win Copa Libertadores 2023, and it would not be surprising if they claim the title in November. Abel Ferreira’s team recently beat Flamengo in the final of the Brazilian Super Cup, and they would be looking to extend their successes after a good domestic campaign in 2022. Now they look as a great season prediction to win the trophy in 2023.

Atletico Mineiro @ 9.00 (8/1)

Atletico Mineiro’s first Copa Libertadores title was in 2013, and since then, they have remained competitive in this tournament. They were knocked out on penalties last year in the quarter-finals by Palmeiras, and they would be hoping to avoid the big guns. Atletico MG won the Super Copa Brasil last year against Flamengo and can compete fairly against any team in this tournament.

River Plate @ 13.00 (12/1)

River Plate sits just outside the top three of the bookmakers’ favorites. They were not so convincing last year and failed to reach the quarterfinals, but they have a good history in this competition, with four titles to their name. Martín Demichelis is in charge of the team for the 2023 Copa Libertadores after Marcelo Gallardo left the team last year.

Corinthians @ 14.00 (13/1)

Corinthians makes the top five and is the fourth Brazilian team among the first five favorites to win the Copa Libertadores, although they have a slim chance of achieving this feat. Corinthians won the Copa Libertadores title in 2012, beating Boca Juniors 3-1 on aggregate. The 2012 team was one of their best sides in the last decade, and they would be lucky to recreate that run.

History & Format of the Copa CONMEBOL Libertadores

The Copa Libertadores is the pinnacle of football in South America, and it is highly anticipated every year. It began in 1960 as an annual international football competition which is organized by the CONMEBOL.

Penarol won the inaugural event and would go on to defend their title the following year. Argentina’s Independiente is the most successful club in the cup’s history, with seven titles to its name, while Flamengo is the current champion after their victory over Athletico PR in Guayaquil last year, just like we predicted the scenario of Copa Libertadores 2022 final.

Past Winners of the Copa Libertadores

After two years of dominance by Palmeiras, Flamengo won the Copa Libertadores last year to make it two titles in the last four years. Brazilian teams have won four of the last five editions, and the last time a non-Brazilian team won the Copa Libertadores was in 2018 by River Plate.

  • 2022: Flamengo 2-1 River Plate
  • 2021: Palmeiras 1-0 Santos
  • 2020: Palmeiras 2-1 Flamengo
  • 2019: Flamengo 1-0 Athletico Paranaense
  • 2018: River Plate 5-3 (on aggregate) Boca Juniors

Copa Libertadores 2023 Format

The Copa Libertadores is contested by 47 South American teams who have earned their place through various national competitions. The tournament features a first-stage elimination, reducing the teams to 32, from which they are divided into eight groups of four. Only two teams from each group are eligible for the knockout stages, leading to the November final.

Copa Libertadores 2023 Betting Tips

Copa Libertadores Winner – Palmeiras @ 5.50 (9/2)

Palmeiras had one of the best outings in last year’s competition, but they lost 3-2 on aggregate to Athletico-PR in the semi-finals. Abel Ferreira’s team was unbeaten in all six group games in 2022, finishing as the only team with a perfect record. Palmeiras won the Brazilian league title in very good fashion despite the stiff competition in the league. The current crop of Palmeiras’ team has enough quality to reclaim the title from Flamengo.

After a disappointing semifinal exit last year, Palmeiras returns to the Copa Libertadores with one of the best teams in the tournament. Teenage sensation Endrick Felipe is expected to be part of the squad list for this competition. After their win in 1999, Palmeiras had gone two decades searching for their next Copa Libertadores title, and they ended the drought with two consecutive titles in 2020 and 2021.

To Reach the Finals – Flamengo RJ @ 2.50 (6/4)

Flamengo has shown that they aren’t going to be pushovers in this tournament. The Scarlet-Black is Brazil’s richest and most valuable football club, and recently they have enjoyed successes on the pitch too. Flamengo defeated an impressive Athletico-PR by a goal to nil to clinch the Copa Libertadores last year. They have won the Copa Libertadores three times, and two of those trophies were in the last four years (2019 & 2022). Flamengo is South America’s representative in the Club World Cup, and with an exciting team, they can go all the way to the finals again.

To Reach the Semi-Finals – River Plate @ 6.5 (11/2)

River Plate is Argentina’s best bet of tasting gold at the Copa Libertadores. They finished third in the league last season, five points behind eventual winners Boca Juniors. Both teams met in the finals of the 2018 Copa Libertadores, where River Plate piped Boca Juniors to the title in a one-nil win. The Millionaires were among the few teams to finish the group stage without a loss last year, but an injury-ravaged squad cost them a chance in the quarterfinals as they lost to Vélez Sarsfield in the last-16. River Plate has improved since then, and their path to the semi-finals should be easy.

The Copa Libertadores 2023 Predictions: Dark Horses

Athletico Paranaense to Win @ 23.00 (22/1)

Athletico Paranaense was one of the dark horses in the 2022 Copa Libertadores. Despite heavy interest from European teams, they have managed to keep a lot of their breakout stars from that tournament. Athletico Paranaense’s 3-2 win over Palmeiras earned them respect in the tournament, and they were denied the title in the finals against Flamengo.

With key players staying and good squad harmony, Paulo Turra’s team can finally get their hands on the Copa Libertadores trophy. Choosing Athletico PR as an outright winner pick on the Brazilian bookies makes a lot of sense at the odds of 23.00 (22/1).

Boca Juniors to Win @ 17.00 (16/1)

Boca Juniors was the best team in the Argentine Professional League last year and earned a spot in the Copa Libertadores by winning the league. They are one of the biggest teams in South American football and have won the Copa Libertadores six times – only Independiente has more titles in this competition. Their last Copa Libertadores title was in 2007, but their performances over the last few years have been commendable. Boca Juniors lost to Corinthians on penalties last year but are back with a stronger team.

With the tournament expected to last over nine months, we have compiled the best outright winner tips and predictions available. Below are the best expert betting tips on the 2023 Copa Libertadores:

  • Copa Libertadores Winner – Palmeiras @ 5.50 (9/2)
  • To Reach the Finals – Flamengo RJ @ 2.50 (6/4)
  • Athletico Paranaense to Win @ 23.00 (22/1)

Placing a bet on Copa Libertadores is South America’s equivalent of the UEFA Champions League betting. There are various offers to choose from, and you can get the best out of the bookies by using our expert betting tips and predictions.

Jimmy E
Writer & Tipster

Jimmy is our on-duty tipster and writer. His favorite sports are cricket, tennis, and basketball. If you’re looking for the best betting tips in the business, Jimmy’s your guy. His tips and events previews are among the most read at BetZillion.

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