WC 2026 · Forecasting Oxford Football Forecasting
🇵🇦

Panama

CONCACAF Group L
0.0% Champion probability ±0.00 MC-SE
Coach
Thomas Christiansen
Elo (model)
1,730 world 32nd
Squad value
€38M
Power → Reality
40th 38th +0.00 pp · neutral draw

Fig. D1 Fixture-aware · 100k sims

Panama — stage progression

Round of 32: 34.84% (95% MC 34.55%–35.14%; MC-SE ±0.15 pts) Round of 32 reach 34.8% ±0.15 Round of 16: 6.66% (95% MC 6.50%–6.81%; MC-SE ±0.08 pts) Round of 16 reach 6.7% ±0.08 Quarter-final: 1.49% (95% MC 1.41%–1.56%; MC-SE ±0.04 pts) Quarter-final reach 1.5% ±0.04 Semi-final: 0.25% (95% MC 0.22%–0.28%; MC-SE ±0.02 pts) Semi-final reach 0.3% ±0.02 Final: 0.04% (95% MC 0.02%–0.05%; MC-SE ±0.01 pts) Final reach 0.0% ±0.01 Champion: 0.01% (95% MC 0.00%–0.01%; MC-SE ±0.00 pts) Champion reach 0.0% ±0.00

Panama is most likely eliminated before the knockout rounds: 35% to clear the group. Champion probability 0.01%.

Source · Oxford Football Forecasting model
Group L Confed Advance (top 2) Reach R32
1🏴󠁧󠁢󠁥󠁮󠁧󠁿EnglandUEFA68.9%97.5%
2🇭🇷CroatiaUEFA47.0%90.3%
3🇬🇭GhanaCAF6.7%36.0%
4🇵🇦PanamaCONCACAF6.7%34.8%

Source · Oxford Football Forecasting model

Bracket position Half 1 · Quadrant 2

Earliest possible meetings

No collision rows recorded for this team.

Collision = the earliest round the bracket wiring could pit Panama against that side. Full bracket & collision matrix →

Match 21 · 2026-06-17 · Toronto Stadium away
Panama Ghana
34.9% win 32.1% draw 33% loss
Most likely 1–1 (14.6%) λ 1.07–1.03 Over 2.5 35% · BTTS 43%
Match 46 · 2026-06-23 · Toronto Stadium home
Panama Croatia
11.4% win 22.8% draw 65.8% loss
Most likely 0–1 (14.3%) λ 0.65–1.87 Over 2.5 46% · BTTS 41%
Match 67 · 2026-06-27 · New York/New Jersey Stadium home
5.3% win 15.8% draw 78.9% loss
Most likely 0–2 (16.3%) λ 0.48–2.35 Over 2.5 54% · BTTS 35%
How a match forecast is built

Each pairing is scored by the ensemble (Dixon-Coles bivariate-Poisson, the Bayesian hierarchical model and the global LightGBM-Poisson, log-pooled), producing an 11×11 scoreline grid that is marginalised into win/draw/loss, expected goals (λ), over/under 2.5 and both-teams-to-score. These are the same distributions the tournament simulator consumes, oriented here to Panama. Knockout fixtures are not shown — their occupants are still probabilistic, so there is no single pairing to forecast yet.

Fig. D2 Relative to the 48-team median

Panama vs the field

Elo rating: 1730 vs field median 1780 (0.97× the field) Elo rating 1730 med 1780 Recent NT form: 1.67 ppg vs field median 1.87 ppg (0.89× the field) Recent NT form 1.67 ppg med 1.87 ppg Squad value: €38M vs field median €286M (0.13× the field) Squad value €38M med €286M Squad form (global): 0.123 vs field median 0.211 (0.58× the field) Squad form (global) 0.123 med 0.211 Fitness readiness: 0.572 vs field median 0.707 (0.81× the field) Fitness readiness 0.572 med 0.707 Familiarity / chemistry: 0.009 vs field median 0.015 (0.60× the field) Familiarity / chemistry 0.009 med 0.015 Experience (mean caps): 33 vs field median 25 (1.35× the field) Experience (mean caps) 33 med 25

Read each row as a multiple of the field median: dots to the right of the dashed line are above-field, to the left below. Raw values are labelled on the right so the comparison is transparent.

Source · Oxford Football Forecasting model

Fig. D3 Bayesian projection residual g

Panama on the decoupling axis

aligned (0) ← record > squad price squad valued > record →

g = −0.35 ± 0.06: the record outruns the squad price — the team has achieved more than its comparatively modest squad value would predict.

Source · Oxford Football Forecasting model
What g means — and its limits

g is the residual from regressing a team’s current squad market value on its history-based strength in the Bayesian hierarchical model. Positive g means the squad is valued above what the team’s record predicts; negative means the record outruns the squad’s price (the side achieves more than its market value implies). Regressed on out-of-sample success the slope is positive — squad-rich sides go a touch further — but not statistically significant at n = 3 tournaments, so treat a single team’s g as a descriptive read, not a hard prediction. The full decoupling essay →

26players
25.7mean age
33mean caps
0%in a top-5 league
23distinct clubs
2largest club bloc
# Player Pos Club League Club min Gls Caps NT gls
1Luis MejíaGKNacionalPrimera División - Clausura +0.20z1,8070560
2César BlackmanDFSlovan BratislavaSuper Liga2,0182403
3José CórdobaDFNorwich Cityno club data321
4Fidel EscobarDFSaprissaPrimera División3320994
5Edgardo FariñaDFPari Nizhny NovgorodPremier League +0.27z1,0840180
6Cristian MartínezMFIroni Kiryat ShmonaLigat Ha'al −0.55z1,5612662
7José Luis RodríguezMFJuárezLiga MX +0.22z3,0134708
8Adalberto CarrasquillaMFUNAMno club data733
9Tomás RodríguezFWSaprissaCONCACAF Champions League −0.05z901134
10Ismael DíazMFLeónLiga MX +0.22z2,026105717
11Yoel BárcenasMFMazatlánLiga MX +0.22z2,276310410
12César SamudioGKMarathónLiga Nacional90050
13Jiovany RamosDFPuerto Cabellono club data232
14Carlos HarveyDFMinnesota United FCMajor League Soccer −0.71z1,7273283
15Eric DavisDFPlaza Amadorno club data1079
16Andrés AndradeDFLASKBundesliga +0.26z2,7872501
17José FajardoFWUniversidad CatólicaLiga Pro −0.72z1,398106817
18Cecilio WatermanFWUniversidad de Concepciónno club data5515
19Alberto QuinteroMFPlaza AmadorLiga Panameña de Fútbol64711417
20Aníbal Godoy (captain)MFSan Diego FCMajor League Soccer −0.71z2,13511594
21César YanisMFCobresalPrimera División1,8871565
22Orlando MosqueraGKAl-FayhaPro League −0.86z5,5380480
23Michael Amir MurilloDFBeşiktaşSüper Lig +0.49z1,1371949
24Azarias LondoñoFWUniversidad CatólicaLiga Pro −0.72z2,98810110
25Roderick MillerDFTuran Tovuzno club data502
26Jorge GutiérrezDFDeportivo La GuairaPrimera División1,4402180

Source · Official squad announcements · API-Football (global club coverage). 6 of 26 players have no club season matched in API-Football — shown as “— no club data”, not imputed. Form coverage for this squad: 77%.

Diaspora in the hosts

104,345

23.0 per 1,000 of home population

Host-language familiarity

Shared

primary language Spanish · spoken in a host

Climate adaptation gap

+1.7°C

home-vs-venue heat differential

Venue extremes

31°C

peak heat index · altitude up to 81 m

Travel

0h

max time-zone shift · nearest venue 1,890 km

Source · UN DESA international migrant stock · US Census Bureau · Open-Meteo & venue records

Fig. D4 eloratings.net method · year-end values

Panama — Elo since 1951

1854 world #32
Panama Qualified-field median

Panama ends the series at 1854 Elo, the world’s 32nd-ranked side — below the qualified-field median.

Source · eloratings.net
Which Elo is this?

This line is the public eloratings.net series (year-end ratings), which terminates exactly at the current rating and world rank shown on the marker. It is a different number from the Elo shown in the header band (a panel-normalised rating used inside the forecast); the two are ~0.99 correlated but on different scales. We keep them distinct rather than blend them.

77% Squad club-form coverage Share of this squad with a matched club season feeding the global form layer.
77% Fitness-readiness coverage Where below 100%, part of the fitness signal is imputed by the de-biasing layer.
n = 3 Out-of-sample tournaments The model is validated on three held-out World Cups; it matches the market, it does not beat it.

Validated on n=3 held-out tournaments; coverage below 1.0 means part of this squad's club-form/fitness is imputed (the global de-biasing layer). For Panama, 6 of 26 players are shown as “— no club data”. Full validation, calibration & conformal coverage →