Oracle Team USA will resume their quest for a maiden regatta victory in the Louis Vuitton America’s Cup World Series in Portsmouth this weekend.

The defender of the “Auld Mug” are third in the overall series, level on points with Land Rover BAR, and will look to surge further up the leaderboard.

Oracle have won multiple races during the series but are yet to convert that into a regatta victory.

“We’d all love to win, there’s no two ways about that,” Jimmy Spithill, the Oracle skipper, said.

“To win this Louis Vuitton America’s Cup World Series it’s really all about consistency and we’re really looking forward to getting out there and bouncing back from not being on the podium in Chicago.

“But the results do the talking. We finished exactly where we deserved to finish. Now we’ve gone back, worked hard, learnt a lot and we’re looking forward to bouncing back. It says a lot about the level of the fleet now. When you make mistakes, you get punished.”

Although Oracle are still seeking their first regatta win, the host team Land Rover BAR are bidding for their third overall and second straight win on home waters after triumphing in last year’s event.

“Last year was massive, being able to win this event as a new team, and obviously the aim is to do that again this time,” said Sir Ben Ainslie, the Land Rover BAR skipper, said. “The guys are really fired up for this event.”

Emirates Team New Zealand, the World Series leaders, hope to hold onto top spot but are without star helmsman Peter Burling who is in Rio preparing for the Olympic Games in the 49er skiff.

“We will change things up compared to what we normally do,” said Glenn Ashby, the Team New Zealand skipper, who will take the helm in Burling’s absence.

“We have two new crew and four guys playing out of position so that’s a great opportunity for the guys to mix it up and for some new guys to get some experience.”

Also in Rio preparing for the Olympics in the 49er is Nathan Outteridge, the Artemis Racing helmsman.

Taking over in the Australian’s absence is Italian Francesco Bruni, one of three King Edward VII Gold Cup winning skippers racing in the fleet.

“I’m very excited to have this chance,” Bruni said. “Taking Nathan’s spot is not going to be easy but I hope the International Olympic Committee choose to have an Olympic Games every month so I have more chances to steer the boat!”

Artemis, who have two regatta wins under their belt, are fourth in the standings.

Breathing closely down Artemis’s neck in fifth is SoftBank Team Japan, who have added incentive in Portsmouth.

“This event marks one year since our team has been in operation, so the Louis Vuitton America’s Cup World Series for us is a fantastic opportunity to measure our progress,” Dean Barker, the team CEO and skipper, said.

Groupama Team France, who are anchored at the bottom of the standings, are also hoping to bounce back from a disappointing showing in Chicago.

“We were upset with the result in Chicago,” Franck Cammas, the Team France skipper, said.

“We’ve changed our crew since then a little bit and we want to test what we learnt from there, hopefully over the whole weekend with good winds and good races.”

The World Series Portsmouth begins today with practice racing and runs until Sunday.

• The weekend’s races will be televised live on ZFB starting at 9.30am tomorrow and Sunday.