Norway’s strong qualification campaign, capped by an undefeated UEFA group record and 37 goals scored, has positioned the team as a competitive dark horse returning to the World Cup for the first time since 1998. The presence of Erling Haaland, Martin Ødegaard, and supporting attackers like Alexander Sørloth and Jørgen Strand Larsen underpins trader expectations for progression beyond the group stage against Iraq, Senegal, and France. Recent pre-tournament friendlies, including a 3-1 win over Sweden and a draw with Morocco, have reinforced squad depth and attacking form while highlighting occasional defensive vulnerabilities against top opposition. With the expanded 48-team format and a challenging Group I draw, market pricing reflects consensus around an early knockout exit after the round of 32 or 16, tempered by the realistic possibility of a deeper run if results align favorably.