Preview
Written by Yaro Pavlenko
A month of football action awaits over December-January on the African continent as the latest edition of the biennial Africa Cup of Nations tournament approaches kick-off.
The tournament will see 24 sides aim for glory, but will 2023 winners Ivory Coast be able to defend their crown?
Spreadex Sports previews the upcoming action along with the latest fixed odds and spread betting prices* for football betting punters.
*Odds and Spread Betting Prices subject to change
The tournament begins Sunday 21st December 2025 and will end with the final on the 18th of January 2026.
WHO IS HOSTING AFCON 2025?
The 2025 edition of AFCON will be hosted by Morocco, who are also the outright betting favourites.
However, the Atlas Lions have not won this tournament since their lone victory in 1976. Can they claim a second this time around?
The last winners and defending champions are Ivory Coast, who beat Nigeria 2-1 in the final in January 2023.
A multitude of former and current top Premier League talents will be playing at the tournament, which will undoubtedly affect their respective clubs in the meantime.
Some of the headline names include Egyptians Mohamed Salah of Liverpool and Omar Marmoush of Man City, Cameroon's Bryan Mbeumo and Ivory Coast's Amad Diallo of Man Utd, Newcastle's DR Congo striker Yoann Wissa, Crystal Palace's Senegal winger Ismaila Sarr and several others.
The Group Stage of AFCON 2025 will be played between the 21st December 2025 to the 31st December 2025.
The Round-of-16 will then follow with matches played between the 3rd January 2026 and the 6th January 2026.
The Quarter-Finals will then take place on the 9th and 10th of January 2026, with the Semi-Finals both played on the 14th January 2026.
The Third-Place Play-Off will take place on the 17th January 2026, with the tournament concluding with the Final on the 18th January 2026 at the Prince Moulay Abdellah Stadium in Rabat.
Spreadex Sports will be offering a multitude of both fixed odds and spread betting markets on AFCON 2025 available for football punters.
In terms of spread betting, Spreadex are offering a range of markets aside from standard Outright Winner markets, including Tournament Totals, Group Totals, Team Goals Markets, Team Supremacies and much more!
In terms of the Outright betting favourites, Morocco are the favourites to win the title as hosts at a fixed odds price of 5/2, followed by Senegal at 11/2, Egypt at 6/1, Algeria at 7/1, and reigning champions Ivory Coast and 2023 losing finalists Nigeria both at 9/1.
In terms of Spread Betting on the Outright winner, our Outright Index market will settle on a 100-75-50-25-10-0 scale. This means the tournament winner will settle at 100, runner-up 75, losing semi-finalist 50, losing quarter-finalist 25, losing in last-16 10, and 0 for all others.
Morocco, for example, have a starting spread of 49-54. This means if you placed a buy bet at 54 and Morocco win the tournament, you would win 46x your initial stake. If they lost in the final, you would win 21x your stake. However, if they lost in the semi-finals you would lose 4x your stake, 29x your stake if they lose in the quarter-finals, 44x your stake in case of a round-of-16 exit, and a 54x loss for a group stage exit.
On the other hand, if you placed a sell bet at 49 and Morocco lost in the quarter-finals for example, you would win 24x your stake. However, if you placed a sell bet at 49 and Morocco did go on to win the tournament, you would lose 51x your stake. Or, if Morocco reach the final and lose, you would lose 26x your stake on a sell bet.
Click here to view all of the available Odds and Prices for the 2025 AFCON.
Click here to view our guide on How to Spread Bet on Football, including our handy Spread Betting Calculator.
Remember that with spread betting, get the bet wrong and losses can exceed your stake/deposit so it's important you understand how each market works before setting an appropriate stake size for your bet.
Please note that this preview is not designed to offer any betting advice or suggestions. All prices quoted correct as of 11th December 2025. Price Boosts and other markets may be added closer to kick-off time(s).
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