Socceroos Out — Your Guide to Betting the Rest of the World Cup
Australia’s run ended on penalties against Egypt in the Round of 32 (1-1, 4-2 pens). The green and gold are gone — so here’s where the value sits for Aussie punters over the back half of WC 2026.
It ended the cruellest way it can. Australia are out of the World Cup, beaten by Egypt on penalties after a 1-1 draw over 120 minutes in the Round of 32 — Egypt winning the shootout 4-2 to reach their first-ever World Cup Round of 16. For a Socceroos side that topped nobody’s group of death predictions and still made the knockouts, it was a run to be proud of and a gut-punch of a finish. Now the neutral’s tournament begins. Here is the outright board and where we think the value sits.

How the Socceroos’ World Cup ended
| Detail | — |
|---|---|
| Stage | Round of 32 |
| Result | Australia 1-1 Egypt (after extra time) |
| Shootout | Egypt won 4-2 on penalties |
| What it meant | Egypt reach their first-ever World Cup Round of 16 (v Argentina, 7 Jul) |
Result, source: FIFA / Al Jazeera match reporting, as of 5 Jul 2026.
No shame in the manner of it — a penalty shootout is a coin-flip, and Australia’s group-stage defence (only three conceded, a clean sheet in the run) got them within kicks of the last 16. The story now shifts to who lifts the trophy.
The outright board — who to back now
| Team | Outright (decimal) | Read |
|---|---|---|
| France | ~2.70 | Clear favourite; into the QF v Morocco |
| Argentina | ~5.60 | Messi-led; clear second |
| Spain | ~6.50 | Unbeaten, yet to concede — but hit by injuries (below) |
| England | ~10.0–11.0 | Value if they survive the Azteca |
| Brazil | ~11.0–12.0 | Quality, but drew a tricky Norway tie |
| Portugal | ~13.0–15.0 | Ronaldo’s last dance; face Spain next |
| Morocco | ~26.0–31.0 | The dark horse; already in the QF |
Outright odds, source: FOX Sports / ESPN futures, as of 5 Jul 2026 (AM ET). Prices are indicative ranges — books differ and the market is moving through the knockouts.
Our value angles for Aussie punters
| Angle | Why it works |
|---|---|
| France to lift the trophy (~2.70) | The cleanest “solo favourite” price left; already through to the QF |
| Morocco each-way / to reach the final (~26–31) | Proven dark horse, already in the QF, defensively miserly |
| Argentina + Golden Boot double | Messi is co-leading the Golden Boot on 7 goals — pair the outright with the player market |
Angles are our read on the listed prices, not guarantees. Always confirm the live price before betting.
The connected market: Golden Boot
With no Socceroos left to cheer, the individual races are the next-best watch. Mbappé (France) and Messi (Argentina) are level on 7 goals and sit 1-2 in the Golden Boot market (Mbappé ~3.70, Messi ~4.00). Full breakdown on our Golden Boot race page.
Where to point your attention next
| Fixture | Kickoff (AEST) | Why watch |
|---|---|---|
| Brazil v Norway | 6:00 AM, Mon 6 Jul | Haaland’s WC bow; Brazil have never beaten Norway |
| Mexico v England | 10:00 AM, Mon 6 Jul | The Azteca altitude test |
| Portugal v Spain | 5:00 AM, Tue 7 Jul | Iberian derby; Ronaldo v Yamal |
Kickoffs converted to AEST (ET +14h). Source: CBS Sports schedule, 5 Jul 2026.
- Australia are out — lost 4-2 on penalties to Egypt after a 1-1 draw in the R32.
- France (~2.70) are the outright favourite and already in the quarter-finals.
- Argentina (~5.60) clear second; Spain (~6.50) hit by the Nico Williams and Yéremi Pino injuries.
- Best dark-horse ticket: Morocco (~26–31), already through to the QF.
More: the full winner odds board, the Golden Boot race, the Socceroos team page, our Dark Horses page and the live knockout bracket.