The race for the first major trophy of the football season reaches the quarter-final stage this week in the 2025/26 Carabao Cup.
In the quarter-finals, defending champions Newcastle eased into the final four with a win against Fulham, while Chelsea and Manchester City managed to see off League One leaders Cardiff City and Brentford respectively.
There is still one game left of the quarters, as a result of Crystal Palace's busy UEFA Europa Conference League-influenced schedule, as they take on Premier League leaders Arsenal.
Here we take a look at the latest betting odds for the six remaining teams, as well as the semi-final draw and key dates right up to the final.
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Carabao Cup 2025/26 winner odds, latest betting
| Odds | |
|---|---|
| Manchester City | 2/1 |
| Arsenal | 5/2 |
| Chelsea | 4/1 |
| Newcastle United | 11/2 |
| Crystal Palace | 20/1 |
* Odds correct at time of publish and will be updated as the season progresses
Carabao Cup 2025/26 Draw
Semi-Finals
| Manchester City vs. Newcastle United |
| Chelsea vs. Arsenal / Crystal Palace |
Carabao Cup 2025/26 round dates
- Preliminary round: July, 29 - August, 5
- First round: August, 12 - August 13
- Second round: w/c August, 25
- Third round: w/c September, 15 & w/c September, 22
- Fourth round: w/c October, 27
- Quarter-finals: w/c December, 15
- Semi-finals: w/c January, 12 & w/c February, 2
- Final: March, 22
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When and where is the Carabao Cup final 2025/26?
This season's Carabao Cup final is due to take place on Sunday, March 22.
Like last season, it is a slightly delayed final from previous years due to the expanded UEFA Champions League, UEFA Europa League and UEFA Europa Conference League league phases.
It will, as ever, take place at Wembley Stadium where two teams will be whittled down from the 92 entrants.
Why are Arsenal playing their Carabao Cup quarter-final this week?
There will only be three of the four quarter-finals played this week because Arsenal vs. Crystal Palace has been pushed back a week to ease fixture congestion.
It avoids Palace having to play three times in five days - they were beaten by Manchester City at the weekend and finished their Conference League league phase with a draw against KuPS last Thursday.
The rearranged match will take place on Tuesday 23 December, meaning both teams were in the draw for the semi-finals.