The penalty shootout compounded the misery. Kimmich, Musiala, and Amiri all converted, but Woltemade's kick was saved and Tah ballooned his over the bar. Germany finish the 2026 World Cup at 2-1-1 and are eliminated in the first knockout round — a result that will sting given how thoroughly they controlled this match without ever truly being able to kill it off.
Paraguay executed their blueprint without flinching. They sat deep, absorbed German pressure for 40 minutes, and then struck: Matias Galarza's cross from the left found Julio Enciso arriving late at the back post, and his header beat Neuer cleanly. Paraguay did not panic after Havertz leveled on 54 minutes — they kept their shape, limited Germany to speculative efforts and set pieces, and ground out 120 minutes without conceding a second goal.
Orlando Gill was the difference-maker. His save on Havertz in the 78th minute preserved the draw in regulation, and in the shootout he stopped Woltemade while Neuer saved Balbuena at the other end — both sides trading misses until Canale stepped up in sudden death and converted the winner. Miguel Almiron's presence up top gave their defensive block a genuine counter outlet all night. Paraguay finish 1-2-1 overall and advance to the Round of 16 to face the winner of France vs Sweden.
Our moneyline on Germany missed. The market priced Germany at 73.5% to win and we backed the favorite, but our own bear case — Paraguay's low block compacting and dragging this to extra time — is exactly what played out. The spread call saved the ticket: we took Paraguay +1.5, Germany never scored more than 1 goal across 120 minutes, and that cashed clean. The over 2.5 missed — only 2 goals in 120 minutes of football, and Paraguay's defensive structure made our under bear case look prescient even as Germany generated the better chances throughout. Final scorecard: 1 right, 2 wrong.
The market made Germany the overwhelming favorite and they went out in a shootout to a team built around not losing. Paraguay are now a 99.95% certainty to reach the Round of 16 per current markets — because they already are there. Julian Nagelsmann's side had the possession, had the attacking talent, and had a winner taken back by VAR. That is how knockout football goes when you do not finish. Paraguay move on. Germany book their flights home.


