The United States Women's National Team is now an underdog.
Well, maybe that's a little much.
But they are no longer the betting favorite to win the 2023 Women's World Cup. The two-time defending champs enter the Round of 16 tied for the second-best odds to win the tournament at +450, according to PointsBet as of Friday afternoon.
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England, one of three teams to go 3-0-0 in the group stage, is the favorite at +275 as the country looks to win its first Women's World Cup. Spain, which went 2-0-1 in Group C to finish as runner-up behind Japan, is tied with the U.S. at +450.
The USWNT, which is seeking to become the first team in soccer history to three-peat in the World Cup, went just 1-2-0 in group play. The U.S. barely advanced to the knockout stage on Tuesday after finishing in a scoreless draw when a shot by Portugal's Ana Capeta struck the post in stoppage time.
The U.S., which has won four Women's World Cup championships and has never been eliminated in the group stage, finished in second place in Group E. The Netherlands, which ended the USWNT's 13-match World Cup winning streak after a 1-1 draw, finished atop the group at 2-1-0.
It was the second time the USWNT did not place first in a Women's World Cup group stage and the first time it only won one game in group play. The team mustered just four goals in three games.
Despite the United States' historical dominance in the Women's World Cup, oddsmakers did not feel that their play through their first three games of the 2023 tournament was inspiring enough to maintain their spot as favorite.
England had a plus-seven goal differential in Group D. The only other teams to go 3-0-0 and earn nine points during group play at the 2023 Women's World Cup was Japan, which placed first in Group C and currently has the fifth-best odds at +800, and Sweden, which won Group G and has the eighth-best odds at +2000.
Sweden got a tough draw in the Round of 16, where they'll play the USWNT on Sunday.
England will face Nigeria, the Group B runner-up, on Monday. Spain plays Switzerland on Saturday.
Who is the favorite to win the Women's World Cup?
Here's a look at the odds to win the 2023 Women's World Cup as of Friday for the teams that advanced to the Round of 16.
England +275
USA +450
Spain +450
France +700
Japan +800
Netherlands +1000
Australia +1000
Sweden +2000
Colombia +3000
Norway +6600
Denmark +10000
Nigeria +15000
Jamaica +15000
Switzerland +20000
South Africa +30000
Morocco +50000
Editor's note: All odds are provided by our partner, PointsBet. PointsBet is our Official Sports Betting Partner and we may receive compensation if you place a bet on PointsBet for the first time after clicking our links.