Since last June, the arrival of Carlo Ancelotti in the Brazilian national team in 2024 has been taken for granted by a large part of the press. However, while his hiring is not confirmed, the Brazilian Football Confederation (CBF) announced Fernando Diniz as the coach of Brazil. The duration of the contract is one year, and he will take over the project in parallel with his work at Fluminense.
During the signing announcement event, CBF president Ednaldo Rodrigues even said that Ancelotti will be with Brazil, but there is still no official contract with the Italian. But, even without a public statement from Ancelotti about the agreement, Betfair anticipated and confirmed the ‘early payout’ (early payment) for everyone who bet on Fernando Diniz or Carlo Ancelotti to take charge of the ‘amarelinha’.
What is Early Payout?
This procedure works like an advance payment of a bet - that is, the bookmaker decides to distribute the profit to bettors before the result is confirmed according to the rule of that market.
Betfair has already carried out this action on two occasions in Brazil: the first in the title won by Atlético Mineiro in 2021, and then in the conquest of the national title of Palmeiras in 2022. This operation happens when the bookmaker understands that the chances of something different happen are minimal and, therefore, benefits those who have previously placed bets.
The betting market in question would be for the next permanent coach of the Brazilian National Team, who managed the team for at least 10 games. However, as there is a lot of confidence in the arrival of Ancelotti and Fernando Diniz was officially chosen to command for at least one year, Betfair decided to keep him as one of the winning coaches, along with the Real Madrid coach.
A curiosity is that Diniz was the coach who received the most bets on Betfair. He appeared with 21% of the bets received, followed by Jorge Jesus (20%), Dorival Júnior (14%) and Abel Ferreira (11%). Ancelotti was tied for third place, with 14% of bets received.
Diniz's first challenges and the future of the Brazilian team
Qualifiers for the 2026 World Cup start later this year, which means that Fernando Diniz will already have a lot of work to do. Venezuela, Uruguay, Argentina and Colombia are the first four games in search of a vacancy for ‘Hexa's dream’.
In 2024, Brazil has four friendly matches, one of them against Spain, in Madrid, before the start of the Copa America.
With his contract in effect at Real Madrid until the end of June, Ancelotti could sign a pre-contract with the CBF in January, which would be a relief for the confederation, which is still discussing issues with the coach such as salary, commission and even where the Italian would live in Brazil.
One of the largest online sports betting providers in the world, Betfair is the official sponsor of the Cruzeiro and Palmeiras teams. The company, founded in London in the year 2000, pioneered the provision of peer-to-peer betting (Betfair Exchange) and manages a complete suite of sports betting, entertainment events and online gaming products for more than four million of customers over 18 worldwide.
Thanks to its state-of-the-art technology, the platform offers a wide catalog of products that allows you to bet with your own odds and odds offered by other users. Betfair is licensed to operate online betting and other gaming in 19 countries including Spain, Italy, Malta, Colombia and Great Britain.
In 'Betfair Analysis', it is possible to find the updated percentages for the favorites for the title of Libertadores and Brasileirão Série A. It is also possible to see the chances of the main candidates for the top scorer of the tournaments in real time. Learn more by accessing this link.
Source: GMB
