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How accurate are the Spain - Copa del Rey odds?

The closing prices of 543 finished games since Wed 17 Nov 2021, set against what happened: the chance the market gave, with the bookmakers' margin removed, next to how often it came in. A record of what the market did, not a tip.

The market's record

543 games, 2 bookmakers
  • Closing favourite won 55% 300 of 543 games
  • Market Brier score 0.539 0 is perfect; a coin flip scores 0.667
  • Average closing payout 93.3% 100% minus the bookmakers' margin
  • Games covered 543 Wed 17 Nov 2021 to Sat 18 Apr 2026

14 of the 557 games finished in that time are left out: no bookmaker had a closing price on every outcome.

Market chance against what happened

0-10% chance: happened 3.9% of 181 selections 10-20% chance: happened 14.9% of 235 selections 20-30% chance: happened 28.5% of 473 selections 30-40% chance: happened 33.7% of 285 selections 40-50% chance: happened 45.1% of 153 selections 50-60% chance: happened 43.7% of 87 selections 60-70% chance: happened 60.0% of 80 selections 70-80% chance: happened 81.0% of 58 selections 80-90% chance: happened 79.5% of 44 selections 90-100% chance: happened 100.0% of 33 selections 100% 0%
Market said 0%100%
Happened
Market chancePriceSelectionsMarket saidHappenedDiff
0-10% 10.00 or longer 181 5.8% 3.9% -1.9 pts
10-20% 5.00 to 10.00 235 15.2% 14.9% -0.3 pts
20-30% 3.33 to 5.00 473 26.0% 28.5% +2.5 pts
30-40% 2.50 to 3.33 285 33.5% 33.7% +0.2 pts
40-50% 2.00 to 2.50 153 44.3% 45.1% +0.8 pts
50-60% 1.67 to 2.00 87 54.8% 43.7% -11.1 pts
60-70% 1.43 to 1.67 80 64.8% 60.0% -4.8 pts
70-80% 1.25 to 1.43 58 74.5% 81.0% +6.5 pts
80-90% 1.11 to 1.25 44 84.7% 79.5% -5.2 pts
90-100% 1.11 or shorter 33 92.4% 100.0% +7.6 pts

Every priced outcome of every game is one selection. "Market said" is the bookmakers' average implied probability with the margin removed; "Happened" is how often that outcome came in. On the diagonal the market was right on average; above it, that kind of result happened more often than the prices said. Bands with fewer than 30 selections are left out.

Home, draw and away

OutcomeMarket saidHappenedDiff
Home win 24.4% 23.2% -1.2 pts
Draw 23.6% 24.5% +0.9 pts
Away win 51.9% 52.3% +0.4 pts

The market's average closing chance for each outcome over all 543 games against the share of games it won, settled on the regular-time score. "Home" is the first-named side.

Bookmaker accuracy

lower is better
BookmakerGamesBrier scorevs market averagePayout
Unibet 472 0.536 -0.001 92.3%
Bet365 523 0.543 +0.003 94.1%

Each bookmaker's own closing prices, margin removed, scored against the results of the games it priced; "vs market average" compares it with the bookmakers' average on the same games, so a negative figure means its prices were the closer. Bookmakers with fewer than 50 priced games are left out. Differences of a few thousandths are noise; a much higher score usually means the bookmaker's last price was captured well before the start, so it is the price in our archive being scored, not the trader.

Odds accuracy FAQ

How accurate are Spain Copa del Rey odds?
Across 543 finished Spain Copa del Rey games since 2021, the closing favourite won 55% of the time. The market's closing chance, with the bookmakers' margin removed, gave the home side 24.4% on average and home wins happened 23.2% of the time. The bands above show the same comparison price by price: a well-calibrated market has outcomes happening about as often as its prices say.
What is a Brier score?
The squared distance between the chances a bookmaker's prices gave and what happened, averaged over games: 0 would be perfect foresight, and on a three-way market a coin-flip price scores 0.667. The market average's closing prices score 0.539 in this league; the lowest single bookmaker is Unibet at 0.536. Differences of a few thousandths between bookmakers are noise, not skill.
Does a well-calibrated market mean the odds cannot be beaten?
Calibration says the market is right on average, not on every game. A band where outcomes happened more often than the prices said is where the closing market under-priced that kind of result over these seasons, which is often the draw or the outsider. The bookmaker's margin, about 6.7% here, still has to be cleared: the closing line value calculator shows what a price needs to beat.