UEFA Euro 2020 Odds: France, Germany, Italy The Favorites

Posted By Marco Cerino on June 23, 2021

It took an extra year and the overcoming of coronavirus restrictions, but we got here. June 11th started what is probably the best continental competition in soccer and maybe any team sport. Euro 2020 odds project a wide open tournament with no heavy favorite.

Fans in the US will get to watch – and wager – on top teams in this 24-country competition. For sportsbooks, this creates some testing ground for what we could see in fall 2022 for the World Cup in Qatar.

Despite the tournament being played in 2021, UEFA is sticking with Euro 2020 as the official name of this competition, including a #Euro2020 hashtag on Twitter.

Odds to win Euro 2020

UEFA Euro 2020 Outright Odds

France
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+350
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+340
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+400
Germany
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+600
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+650
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+550
Italy
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+600
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+550
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+550
Belgium
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+650
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+700
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+700
England
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+750
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+650
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+800
Spain
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+850
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+900
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+850
Portugal
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+1000
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+1000
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+1100
Netherlands
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+1100
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+1200
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+1100
Denmark
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+2000
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+2100
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+2200
Croatia
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+4000
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+3700
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+4000
Sweden
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+6500
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+6000
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+8000
Wales
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+8000
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+9500
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+10000
Switzerland
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+8000
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+5500
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+8000
Czech Republic
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+8000
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+7000
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+10000
Austria
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+10000
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+10000
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+5000
Ukraine
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+10000
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+10000
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+10000
Poland
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+20000
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+10000
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+20000
Slovakia
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+30000
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+10000
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+50000
Finland
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+80000
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+10000
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+50000
Hungary
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+100000
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+10000
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+35000

UEFA Euro 2020 Tournament Format

This will be the second run of the 24-team format. Six groups of four teams means everyone gets at least three games.

This version has no singular host country and matches will be played across a dozen venues. The top two of each group will advance, along with the four best third-place teams.

The knockout stage will begin with 16 teams, advancing in a single game. Extra time and penalty kicks may decide games. The Euro 2020 championship game will be July 11.

How To Watch Euro 2020 & Round Schedule

  • TV: ABC, ESPN, ESPN+
  • Group Stage: June 11-23
  • Round of 16: June 26-29
  • Quarterfinals: July 2-3
  • Semifinals: July 6-7
  • Final: July 11

UEFA Euro 2020 Groups

Group A

  • Italy
  • Switzerland
  • Turkey
  • Wales

Group B

  • Belgium
  • Denmark
  • Finland
  • Russia

Group C

  • Austria
  • Netherlands
  • North Macedonia
  • Ukraine

Group D

  • Croatia
  • Czech Republic
  • England
  • Scotland

Group E

  • Poland
  • Slovakia
  • Spain
  • Sweden

Group F

  • France
  • Germany
  • Hungary
  • Portugal

UEFA Euro 2020 Betting Preview

The Favorites

France enters the tournament with the title of World Cup champs from 2018. The team has a stacked lineup with talented scorers, stout defense, and recognizable names across the pitch. If they should advance from their ‘Group of Death’ that includes Portugal and Germany, they can probably cruise through the knockout rounds. Three of the top-five betting favorites in the same group is an incredibly tough draw; although, all could advance in this format. Currently, they have the most handle (25%) and tickets sold (24.1%) at BetMGM, who priced Les Blues down from +550 to +450.

England is the only other team with favorite pricing. The Three Lions also bring a star-studded lineup and will have a home-field advantage with some matches at Wembley Stadium. Some questions may arise on the defensive end. However, they still have some elite scorers to watch. Their group draw seems much easier than France, albeit with a rematch against Croatia, who bounced them in the WC SF last time round. England has the third-most tickets at BetMGM (12.1%) and fourth-most handle (10.3%).

The Contenders

Could we finally see the breakthrough for a talented Belgium squad that has yet to achieve international glory? Belgium is the top-ranked team, according to FIFA, and has some marquee names on their roster. However, the team now holds its breath to see if Man City superstar Kevin De Bruyne will be ready for the tournament. If he plays, he’ll lead a dynamic attack trying to improve upon a third-place finish in the 2018 World Cup. Third-choice in Euro 2020 odds, Belgium has the second-most bets (12.6%) but is sixth in handle (5.3%) at BetMGM.

Portugal enters as the titleholders. After carrying club teams to cups, Cristiano Ronaldo finally got some hardware for his home country in 2016 – thanks to finally getting some help from his teammates. Ronaldo will again lead a talented squad, facing a rough group stage draw that includes France and Germany. Currently they’ve received the third-most handle (19%) on the fourth-most tickets sold (10.3%).

A Long shot That’s Getting Some Love

Euros are often the venue where teams make a run out of nowhere. The darling of the 2016 tournament was Iceland who stunned England and made the quarterfinals. Teams can win titles out of nowhere. For this edition, could that team be Denmark? They’ve gotten the seventh-most bets (6.5%) and handle (4.7%). If they can survive a group that includes Belgium and Russia, they’ll have a chance to make a splash in the knockout stages. They’ve been one of the biggest moves on the board, opening at +8000 on BetMGM and will be +2800 when the tournament starts.

UEFA Euro Finalists Since 2000

YearWinnerRunner-Up
2016PortugalFrance
2012SpainItaly
2008SpainGermany
2004GreecePortugal
2000FranceItaly
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