Copa Libertadores Betting Guide

The Copa Libertadores betting guide is about bets on South America’s premier club football tournament, allowing the best teams to battle it for a prestigious trophy.

Whether you’re a seasoned bettor looking to enhance your strategy or a newcomer eager to explore the exciting realm of football betting, this guide will provide valuable insights and Copa Libertadores tips to make the most of your Libertadores betting experience.


⚽ Where to watch Copa Libertadores?

The Copa Libertadores can be watched live on various streaming services such as ESPN+, Fanatiz and Facebook Watch. All three of these services provide live and on-demand streaming of the matches in several languages.

⚽ Is Copa Libertadores like Champions League?

While Copa Libertadores and UEFA Champions League are both international soccer competitions, there are some distinct differences between Copa Libertadores and UEFA Champions League:

  • Copa Libertadores is exclusively made up of teams from South American nations while the Champions League includes clubs from all over Europe.
  • In Copa Libertadores, the top teams from each nation are invited to compete, while in Champions League, the top clubs must qualify through their respective domestic leagues.
  • Copa Libertadores has a single-elimination format while Champions League uses a group stage system before transitioning into knockout rounds.

⚽ When does Copa Libertadores start?

Copa Libertadores will take place between the 7th until 11th November 2023.

⚽ What is most Copa Libertadores winners?

Independiente of Argentina has been the best-performing team during the history of the cup winning the cup seven times. Argentine clubs have had the most wins with 25 wins.

⚽ What countries are in CONMEBOL Libertadores?

The CONMEBOL Libertadores is an annual tournament that consists of representatives from the ten countries in South America: Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Paraguay, Peru, Uruguay and Venezuela.

On this page, you’ll find information about Copa Libertadores:

✔️ Betting strategy 

✔️ Betting Odds 

✔️ Betting markets

✔️ What is football Copa Libertadores

✔️ Tournament winners

Table of content

Betting on Copa Libertadores

The Copa Libertadores is more than just a football competition. It is a cultural phenomenon reflecting South America’s identity, diversity, and spirit. 

It showcases talent, skill, and emotion that captivates millions of fans worldwide.

CONMEBOL Libertadores


CONMEBOL Libertadores

For fans, Copa Libertadores bets can be exciting, but it’s important to approach it with a strategic mindset and know Copa Libertadores prediction tips.

Here’s a guide of betting tips Copa Libertadores to help you make informed decisions:F

  • Understand the Tournament:

Familiarize yourself with the Copa Libertadores format. It consists of a group stage followed by knockout rounds, including Round 16, quarter-finals, semi-finals, and the final.

  • Research Teams:

Study the participating teams and observe their form in the tournament. Use it for Copa Libertadores picks.

To identify trends, note potential home advantage, recent results and performance statistics. Some teams are simply unbeatable at home, while others play better away.

There are black periods for teams when they fall into the pit. It is important to monitor the psychological state of the players, if it is not good, the atmosphere in the team will not be good either. Then the risk of joining such unstable teams increases significantly.

  • Injury and Suspensions:

Stay updated on player injuries and suspensions. Missing key players can significantly affect a team’s performance and bets Libertadores choices.

For example, in 2023, Argentinos Juniors defender Luciano Sánchez suffered a total dislocation of his left knee during a Copa Libertadores match in Buenos Aires. For this reason, the team line-up is different for 8-12 months, and it can determine the results.

  • Check the Odds:

Compare odds from multiple bookmakers to get the best value. Look for favourable odds on both favourites and underdogs.

Some websites provide Copa Libertadores odds and lines from multiple bookmakers: 22bet, Megapari, Bitsler,, BC.Game.

  • Consider the Weather:

Weather conditions can impact the outcome of a match, especially in South America. Rain, extreme heat, or high altitude can affect player performance.

For example, in 2018, difficult weather conditions in Buenos Aires prevented teams from accessing the Boca Stadium. The match was postponed for 24 hours. This could have affected the game’s outcome due to players’ frustration and fatigue.


Also, remember the most essential general betting tips – avoid emotional betting, consider long-term bets,set a budget, consider live betting opportunities.

Copa Libertadores Betting Odds and Markets

When discussing Copa Libertadores betting tips, it’s almost impossible not to mention the betting markets and odds since they are crucial elements of the subject. The betting markets you select determine your odds on your bet Libertadores slip.

The odds Copa Libertadores are calculated by various bookmakers and betting sites based on factors such as team performance, history, injuries, and form. The odds can change over time depending on the results of the matches and other events.

Like other popular football leagues worldwide, for example, Champions League betting, markets that are difficult to predict feature huge Copa Libertadores betting odds.

Here are the most popular Copa Libertadores markets that offer the biggest value.


Outright Betting Market

The most common and simplest form of betting is placing a bet on the outright winner.

The Copa Libertadores outright odds betting market requires you to predict the team winning the tournament. You can make your prediction either before or during the competition.

It’s advisable to wait until the qualifying games are over and the 32 teams have been known before you can make any outright prediction. 

When making your betting on Copa Libertadores predictions, you should consider the tournament’s history and the previous performances of the teams in question. In addition, check the Copa Libertadores winner odds before placing your bets.

Red Card Betting Market

When you compare the red cards awarded in the Copa Libertadores with other top European leagues, you’ll discover that South American players love a red card. 

With one red card seemingly happening in every game, placing a bet Copa Libertadores, the red card may offer the biggest value if you choose the suitable matches.

The red card betting market is high-risk but provides significant profits. This market requires you to bet on the number of red cards a match will have or which team will receive a red card.

Asian Handicap Betting Market

The Asian handicap puts a goal handicap on every team, depending on how strong or weak they’re perceived to be. 

Asian handicap is usually ideal for Copa Libertadores games that feature teams with different abilities. The Asian handicap betting market allows you to watch a one-sided football match and have something on the line.


Total Goals Betting Market

The total goals betting market is similar to the Asian handicap. But whether your bet wins or loses depends on the number of goals that the team you back scores.

Also, the number of goals the opponent scores plays a vital role in winning.

What makes this market interesting in this tournament is how teams’ pressure towards winning affects their firepower. The pressure allows you to analyse the games in a new, exciting and rewarding way.

Double Chance Betting Market

If you’re unsure about the final result of a game in this tournament, a double chance betting market is a perfect match for you. 

A double chance allows you to strengthen your bet since it includes the possibility of a tie. However, you should expect to get lower odds.

Football Copa Libertadores

The Copa Libertadores, also known as the Copa Libertadores de América or CONMEBOL Libertadores, is an annual international club football competition organized by CONMEBOL, the South American Football Confederation, since 1960. 


The Copa Libertadores typically runs from late January/early February to November each year. The exact dates can vary from year to year, but here is a general overview of the tournament schedule:

  1. Group Stage: The tournament usually begins with a group stage in February or March, where participating teams are divided into groups of four. These groups play a round-robin format, with matches held over several weeks. The top teams from each group advance to the knockout stage.
  2. Knockout Stage: The knockout stage consists of the Round of 16, Quarterfinals, Semifinals, and the Final. These matches occur from May to November, with the Final typically held in November.


Structure and Format

The Copa Libertadores has the following structure and format:

  1. Group Stage: In the group stage, participating teams are divided into multiple groups (usually eight groups of four teams each). Teams play a double round-robin format, with each team facing the others in their group home and away. Points are awarded for wins and draws, and the top two teams from each group advance to the Round of 16.
  2. Knockout Stage:
  • Round of 16: The 16 teams that advance from the group stage play in a two-legged, home-and-away format. The team with the most goals over the two legs advances.
  • Quarterfinals: The eight winners of the Round of 16 matches proceed to the Quarterfinals, again playing two-legged ties.
  • Semifinals: The four winners of the Quarterfinals compete in the Semifinals, still in a two-legged format.
  • Final: The two victorious teams from the Semifinals meet in the Copa Libertadores Final. The Final is played over two legs, and the winner is crowned the Copa Libertadores champion.

Winners and Memorable Moments

The Copa Libertadores has seen many legendary players and teams lift the trophy, such as: 

  • Pelé 
  • Diego Maradona 
  • Zico 
  • Enzo Francescoli 
  • Lionel Messi 

Some of the Copa Libertadores most successful clubs in the tournament are:

  • Boca Juniors and River Plate from Argentina 
  • Peñarol and Nacional from Uruguay 
  • Independiente and São Paulo from Brazil.


Similar to other competitions, Copa Libertadores cannot be complete without some dark horses. These teams arrive at the competition with little expectation of overall performance but proceed through each round.

In the Copa Libertadores competition, the dark horses to look out for are: 

  • Aucas from Ecuador 
  • Boca Juniors from Argentina 
  • Bolivar from Bolivia 

These teams are the champions of top tournaments in their respective countries.

The tournament has also witnessed some of the most memorable matches and moments in football history, such as: 

  • The 1968 final between Estudiantes and Palmeiras, which ended in a violent brawl 
  • The 1988 final between Nacional and Newell’s Old Boys, which was decided by a penalty shootout after a 3-3 aggregate draw 
  • The 2018 final between Boca Juniors and River Plate, which was postponed and moved to Madrid due to fan violence.

It is the ultimate dream of every South American player and club to become Copa Libertadores winners and part of its glorious history. And for bettors, Copa Libertadores betting is an exciting choice.

Aleksandras Rusinovas

Sports Betting & eSports Expert

Aleksas was a professional poker player who played in many European Poker Tour tournaments throughout his 15-year career. He has achieved great success in online poker, as well as reaching the final table and cashing 20 times at the prestigious World Series Of Poker event. Aleksas has always been interested in sports betting. He has a strong i ..
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