Paraguay
World Cup 2026 — outright winner · Pass
Paraguay
ParaguayPriced close to fair: model 0.1% vs market 0.2% (-0.1pp). No edge in either direction.
The Desk's model rates Paraguay at 0.1% to win world cup 2026 — outright winner; the market prices that side at 0.2%. The edge is -0.1pp — inside the Pass band.
That puts Paraguay 28th on the model ladder in a field of 48. The model's leader, Argentina, sits at 18.8%.
For the verdict to flip to Pick at today's market price, the model would need to rate Paraguay at 3.2% or better — a 3.1pp move from where it sits now. Across 100 bootstrap re-simulations of the tournament the band runs [0.0%, 0.4%], and even at the upper end the Pick bar isn't reached.
Pass isn't 'no opinion'. It's the Desk saying the price and the model agree closely enough that there's no edge to publish. A reader can still take a side on conviction; we just don't have an editorial reason to push them either way.