FA Cup Betting

The FA Cup is the oldest football tournament in the world and, at 743 entrants, by some distance the largest knockout most bettors will ever look at. The 2026-27 edition is its 146th season. What makes it awkward to price is not the giant-killings everyone remembers but the structure underneath them: clubs enter at seven different stages, the gap in quality between a round-one entrant and a round-three entrant is enormous, and for the first three months the fixtures involve clubs that publish very little data. This page sets out the calendar, who joins when, and what actually changes at each entry point.

Patrick Hatch

Patrick Hatch

Sports & Live Betting Reviewer • Updated September 2026

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Straight answer: the 2026–27 Emirates FA Cup is under way, but not at the stage most people picture. On 10 September 2026 the competition is in its qualifying rounds, where 651 non-league clubs are playing for 32 places. The first round proper is 7 November 2026, EFL League One and League Two enter there, and the Premier League and Championship do not appear until the third round on 9 January 2027. The final is at Wembley on 22 May 2027. Manchester City go in as holders, chasing a fifth consecutive final. If you are looking at FA Cup markets this week, you are looking at non-league football, and it prices very differently from the rounds that get televised.

Where the competition is right now

The 2026-27 competition began in August with the extra preliminary round, and by 10 September 2026 the qualifying competition had already worked through the extra preliminary round and the first round qualifying, with the second round qualifying draw confirmed.

Two results from those rounds give a fair picture of the football involved. SE Dons marked their first appearance in the competition by scoring six against Lancing in the extra preliminary round. AFC Greenwich Borough, also debutants, recovered from 3-1 down at Sittingbourne to win a first round qualifying tie. These are clubs several divisions below the Football League, playing in front of a few hundred people, and they are the entire FA Cup until November.

The qualifying competition involves 651 of the 743 entrants. All of them are competing for the 32 places available at the first round proper. That ratio is the single most useful thing to understand about early FA Cup markets: the field is enormous, the sample of published form is thin, and the money involved is small enough that team selection can change on the morning of the tie.

The full calendar to Wembley

These are the round dates published by The FA for the 2026-27 competition, together with the prize money reported for each round.

RoundMain dateTiesClubsWinnerLoser
First round7 November 202640124 → 84£47,750£15,800
Second round5 December 20262084 → 64£79,500£21,200
Third round9 January 20273264 → 32£121,500£26,500
Fourth round13 February 20271632 → 16£127,000
Fifth round6 March 2027816 → 8£238,500
Quarter-finals3 April 202748 → 4£477,000
Semi-finals24 April 202724 → 2£1,060,000£530,000
Final22 May 202712 → 1£2,120,000£1,060,000

Read the prize column down and you can see why the competition behaves the way it does. A first round win is worth £47,750 to a club whose weekly gate might not cover that. By the semi-final the figure is over a million, at which point the incentive to field a full side has entirely reversed for the clubs that were resting players in January.

Who enters when, and why the third round is the pivot

The FA Cup is not one competition so much as four bolted together, and the joins are where prices move most.

Entry pointWho joinsNew entries
Qualifying rounds, from AugustClubs outside the Premier League and EFL651
First round, 7 November 2026EFL League One and League Two48
Second round, 5 December 2026Nobody — survivors onlyNone
Third round, 9 January 2027Premier League and EFL Championship44

The third round is the moment the competition most people follow actually begins. Forty-four clubs arrive at once, 20 of them from the Premier League, into a field of 64. It is the only round where more than half the remaining teams have never played a tie, and it is why third round weekend produces the upsets that define the tournament's reputation.

It also produces the competition's most persistent pricing problem: rotation. A Premier League club entering in January is doing so mid-season with European or relegation commitments either side of the tie, and team news often arrives an hour before kick-off. The favourite's price and the favourite's actual starting eleven are set at different times, and the second one is the one that matters.

Holders, and what the record says

Manchester City enter as defending champions and eight-time winners, and are attempting to reach a fifth consecutive final. That is worth stating plainly because it cuts against the way the competition is usually described. The FA Cup's romance is real in individual ties; across a full run to Wembley it has been strikingly unromantic, and a small group of clubs has dominated the closing rounds for a decade.

The practical version: giant-killings are common in single ties and rare across seven of them. Those are two different bets and they should not be priced with the same instinct.

What qualifying-round football does to a price

Between now and November the only FA Cup ties available are qualifying ties, and they carry risks that do not exist in league football.

  • Squads are not fixed. Non-league players work. Availability can change on the day of the tie for reasons that never reach a team-news feed.
  • Published form is thin. A club several steps below the EFL may have played a handful of competitive matches this season, against opposition whose own level is hard to establish.
  • Replays and extra time. Qualifying ties that finish level are resolved differently from league fixtures, so a draw is not the settled outcome a league bettor is used to.
  • Ground and pitch effects are large. At this level surfaces and facilities vary enormously between clubs, and that shows up in goal totals more than it does higher up.
  • Markets are thin. Fewer prices, wider margins and lower limits than a Premier League fixture, because the books hold far less information too.

None of that makes qualifying rounds unbettable. It does mean the edge people believe they have from watching Premier League football does not transfer, and the honest position in September is that the well-known part of this competition has not started yet.

Dates worth putting in a calendar

If you follow the FA Cup rather than bet it weekly, four dates carry the competition: 7 November 2026 when the EFL arrives and the ties start being televised, 9 January 2027 when the Premier League enters and the draw becomes appointment viewing, 3 April 2027 for the quarter-finals, and 22 May 2027 for the final at Wembley.

Everything before 7 November is the qualifying competition, and everything about how it should be approached is different.

18+ and staying in control

Gambling should be entertainment you can afford to lose, never a way to make money back. A knockout competition with 743 teams offers an enormous number of markets across nine months, and volume is exactly where a plan tends to slip. Free, confidential support is available at any hour from GamCare on the National Gambling Helpline, 0808 8020 133, and the National Gambling Support Network it coordinates provides free treatment across Great Britain. Anyone wanting cover across operators rather than one account should look at the national online self-exclusion scheme.

Patrick Hatch

Reviewed by Patrick Hatch

Sports & Live Betting Reviewer

Patrick reviewed the market coverage, event details, live and pre-match options, mobile access and payment information in this comparison.

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FAQ

The third round is scheduled for 9 January 2027. It is the round where the 20 Premier League clubs and 24 EFL Championship clubs enter, 44 new teams in total, joining a field of 64.
The qualifying rounds. The extra preliminary round and first round qualifying have been played and the second round qualifying draw has been confirmed. 651 of the 743 entrants are in the qualifying competition, competing for 32 places at the first round proper on 7 November 2026.
743 in total, of which 651 start in the qualifying competition. 124 teams contest the first round proper on 7 November 2026.
Manchester City, who are eight-time winners and enter the 2026-27 competition seeking a fifth consecutive appearance in the final.
22 May 2027 at Wembley Stadium. The semi-finals are on 24 April 2027 and the quarter-finals on 3 April 2027.
The clubs involved are largely part-time, published form is limited, player availability can change on the day, and markets are thinner with wider margins. Knowledge of Premier League football transfers poorly to this stage of the competition.