Latest betting odds and markets for the 2025 AFL Premiership. Who will win the flag and become premiers?
The 2026 AFL Premiership is heading into the back half of the home-and-away season, and the betting market has shifted sharply since the opening rounds. Fremantle ($5.50) have replaced Sydney as the new favourite after surging to 12-1 (12 straight wins), with Sydney ($6.50), Hawthorn, Brisbane and Melbourne making up the chasing pack. Below: current AFL premiership odds, top 8 contenders, wooden spoon market, AFL Grand Final odds, and our value picks for the Toyota AFL Premiership 2026.
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🥇 Fremantle Dockers (12-1) — clear favourites at $5.50 on a 12-game winning streak, 7-0 at Optus Stadium
🥈 Sydney Swans (10-2) — second at $6.50 after surviving a two-point St Kilda scare
🥉 Hawthorn ($7) / Brisbane ($8) / Melbourne ($9) — the chasing pack
🏆 2026 AFL Grand Final: Saturday 27 September 2026, MCG
AFL Premiership Odds 2026 — Current Market
| Team | Ladder | Record | Premiership Odds |
|---|---|---|---|
| Fremantle Dockers | 1st | 10-1 | $5.50 |
| Sydney Swans | 2nd | 9-2 | $6.50 |
| Hawthorn Hawks | 5th | 7-3-1 | $7.00 |
| Brisbane Lions | 7th | 6-4 | $8.00 |
| Melbourne Demons | 6th | 7-3 | $9.00 |
| Geelong Cats | 3rd | 7-3 | $11.00 |
| Gold Coast Suns | 4th | 7-3 | $15.00 |
| Adelaide Crows | 8th | 6-5 | $26.00 |
| Collingwood Magpies | 9th | 4-5-1 | $41.00 |
| Western Bulldogs | 10th | 5-5 | $51.00 |
Odds typical for major Australian bookmakers as at Round 12. Lines move with each round’s results — bookmark this page for weekly updates.
AFL Flag Odds — The Frontrunners
Fremantle Dockers — $5.50 (favourite)
The biggest 2026 story. Fremantle have stunned the market with their 10-1 start — only their second loss came on a road trip to Adelaide. Pat Voss is up the front of the Coleman tracker; the midfield trio of Serong–Brayshaw–Young is the most-balanced two-way unit in the comp. Optus Stadium is a fortress (7-0 at home so far). The price reflects “best record in the comp” + home-finals likelihood. Value: moderate. They earned the price.
Sydney Swans — $6.50
9-2 but the early-season favourites have shortened from $4.50. The Bloods have won 7 straight at one stage but the recent loss to Fremantle exposed the midfield depth. Isaac Heeney’s purple patch is the key — when he’s at full tilt, Sydney is the most-dangerous late-game team in the comp. Value: still solid each-way at $6.50.
Hawthorn Hawks — $7.00
The most-improved team of 2026, riding a 6-game winning streak into Round 12. Sam Mitchell has reshaped the midfield around Will Day, and the Hawks’ contested-ball numbers are top-3. The historic warning sign: Hawks are 0-3 in MCG semi-finals against Geelong this decade. Value: the longest-priced of the genuine top 4 contenders.
Brisbane Lions — $8.00
Defending champions but 6-4 has them outside the top 4. Lachie Neale is in vintage form (Brownlow contender) and the forward line of Daniher–McStay–Hipwood produces points in any conditions. The injury list has hurt them — Cam Rayner and Will Ashcroft both miss time. Value: if Brisbane sneak top 4 by R23, they’re $5 in finals. $8 e/w is worth a small play.
Melbourne Demons — $9.00
Resurgent at 7-3 after a slow start. Christian Petracca’s return to form is the most-important storyline of the year — the Dees go from “midfield-second” to “midfield-first” when Petracca cooks. Goodwin still has his system humming when Max Gawn wins the ruck contests cleanly. Value: live each-way, but Dees haven’t won a clutch September match since the 2021 flag.
Best of the Rest
The mid-table teams at $15-$26 — Geelong, Gold Coast, Adelaide — all have plausible top-4 paths but need to win 8 of their last 12 to lock in home finals. The longest-priced live candidates at $40+ (Collingwood, Bulldogs) need both a hot finish AND a fortunate finals draw. Mid-table live each-way value is in Adelaide $26 — they’ve split their 11 games with a percentage close to 100, so a 14-win season is realistic.
AFL Top 8 Odds 2026
The top 4 race is essentially locked between Fremantle, Sydney, Hawthorn and Melbourne/Brisbane. The 5-8 race is wider open with Geelong, Gold Coast and Adelaide all in the running. Top 8 confirmed (typical odds):
- Fremantle, Sydney, Hawthorn, Geelong — Top 4 by R23 ~ $1.50-$2.00
- Brisbane, Melbourne, Gold Coast, Adelaide — Top 8 by R23 ~ $1.30-$1.80
- Collingwood, Bulldogs, GWS, Carlton — Top 8 ~ $4.00-$10.00 (need a flat-out run home)
AFL Grand Final 2026 Odds
The 2026 AFL Grand Final is at the MCG, Saturday 27 September 2026 at 2:30pm AEST. Current GF futures odds favour the top-2 sides on the ladder + the home-and-away winner — typically Fremantle ($5.50) + Sydney ($6.50) are the two most-likely GF participants based on R12 form. For an Aussie-flag party at the ‘G, neutrals will be hoping for a Sydney v Fremantle Sept showpiece — neither has won a flag since Sydney’s 2012 and Fremantle has never won a Premiership.
AFL Wooden Spoon Odds 2026
Two teams stand out at the bottom: Essendon (1-10) and Richmond (2-9). With 12 rounds to play, both are odds-on for the wooden spoon. The market typically settles around:
- Essendon Bombers — $2.20 favourite for the wooden spoon
- Richmond Tigers — $2.80 (slight rebuild-mode improvement expected)
- West Coast Eagles — $4.50 (rebuild year continues)
How Do AFL Premiership Odds Work?
AFL Premiership odds are futures markets — set before the season starts and revised after every round based on results, injuries, and percentage movements. Most major Australian bookmakers offer two forms: Premiership Winner (one team, all-or-nothing) and Top 4 / Top 8 finish markets. Each-way premiership bets are usually 1/4 odds for finishing top 4. The market settles when finals begin — outright premiership winner only pays on the eventual flag winner, not finalists.
AFL Betting Tools & Hubs
- AFL Ladder Predictor 2026 — Build your predicted final ladder
- AFL Round-by-Round Predictions — Weekly previews + tips
- AFL Match Predictions: Team-by-Team — Every H2H matchup
- Brownlow Medal Odds 2026 — Brownlow Tracker
- Coleman Medal Odds 2026 — Top goalkicker tracker
- AFL Same Game Multi Tips
Best Bookmakers for AFL Premiership Odds
Premiership futures markets vary widely between bookmakers — sometimes by a full price point on the favourites. Best practice: shop around. The deepest AFL premiership markets in 2026 are at:
#AD 18+ T&Cs Apply Imagine what you could be buying instead. For free & confidential support call 180 0858 858 or visit gamblinghelponline.org.au
18+ T&C's Apply. What are you really gambling with? Chances are you're about to lose. Set a Deposit Limit For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au
18+ T&C's Apply. What are you really gambling with? Chances are you're about to lose. Set a Deposit Limit For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au
18+ T&C's Apply. What are you really gambling with? Chances are you're about to lose. Set a Deposit Limit For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au
#AD 18+ T&Cs Apply Imagine what you could be buying instead. For free & confidential support call 180 0858 858 or visit gamblinghelponline.org.au
18+ T&C's Apply. What are you really gambling with? Chances are you're about to lose. Set a Deposit Limit For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au
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AFL Premiership Odds FAQs
Who are the favourites to win the 2026 AFL Premiership?
Fremantle Dockers ($5.50) have replaced Sydney as the new favourites after a 12-1 start and 12 straight wins through Round 13. Sydney Swans ($6.50) sit second in the market, with Hawthorn ($7), Brisbane ($8) and Melbourne ($9) the chasing pack.
When is the 2026 AFL Grand Final?
Saturday 27 September 2026, 2:30pm AEST, MCG. Live on Channel 7 (free-to-air) and Kayo Sports.
What are AFL flag odds?
“Flag odds” is Aussie shorthand for AFL Premiership winner odds — the futures market on who wins the Grand Final and lifts the Premiership Cup (“the flag”).
Can the Gold Coast Suns win the 2026 flag?
At $15, the Suns are live but need a top-4 finish and home preliminary final to be realistic — their road record in 2026 hasn’t matched their home form yet.
What are the AFL top 8 odds for 2026?
Top 8 odds favour the current top 4-5 sides heavily (~$1.30-$1.80) with mid-table teams paying $4-$10 each-way to finish in the eight by Round 23.
Who will get the 2026 AFL wooden spoon?
Essendon (1-10) and Richmond (2-9) are the wooden spoon favourites at $2.20 and $2.80 respectively. West Coast at $4.50 is the longshot.
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