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Odds to Win Euro 2020: Tournament Shifts to 2021

Euro 2021 Odds

Thanks to the worldwide coronavirus pandemic, Euro 2020 is now Euro 2021, with UEFA announcing it is shifting one of its marquee events an entire calendar year. That leaves England frozen atop the odds to win the tournament at sportsbooks with an extra 12 months added to the wait before the first match takes place.

Euro 2020 was scheduled to get underway on June 12 and take place in a dozen host nations around the continent, but with European domestic leagues along with the Champions League and Europa League put on hold in mid-March, the ensuing scheduling chaos forced UEFA to move the tournament. It’s now expected to run from June 11, 2021, to July 11, 2021.

That at least gives fans of English soccer extra time to see their club sit atop the odds to win the tournament, with England set as the +450 betting favorite ahead of Belgium (+500), France (+600) and the Netherlands (+700). Germany and Spain are both listed at +850 on those betting futures, with Italy at +900 and Portugal a step back at +1600.

Field of 24 Teams; Qualifying Still Ongoing

The Euro field is comprised of 24 national teams, with 20 teams having already punched their ticket to the event and another 16 still battling for the final four spots. Those final qualification matches were scheduled to be played in late March, but have been postponed until later in the spring or early summer depending on the health situation in Europe.

Of those 16 teams still involved in the qualifying playoffs, it’s Serbia that holds the best odds to win the tournament at +10000, with Norway at +12500 and Romania at +15000 out of that grouping. Sweden (+12500), the Czech Republic (+15000) and Finland (+25000) have the longest odds of teams that have already qualified for the event.

The main tournament draw will be split into six groups, with Group F the “Group of Death” featuring top contenders France, Germany and Portugal along with a playoff qualifier to complete the foursome. England has drawn into Group D with Croatia, the Czech Republic and a playoff qualifier. Belgium sits in Group B with Denmark, Finland and Russia.

Odds to win Euro 2021
TeamOdds
England+450
Belgium+500
France+600
Netherlands+700
Germany+850
Spain+850
Italy+900
Portugal+1600
Croatia+2500
Ukraine+6600
Denmark+8000
Switzerland+8000
Austria+10000
Poland+10000
Russia+10000
Serbia+10000
Turkey+10000
Wales+10000
Norway+12500
Sweden+12500
Czech Republic+15000
Romania+15000
Bosnia-Herzegovina+20000
Republic of Ireland+20000
Finland+25000
Iceland+25000
Slovakia+25000
Hungary+30000
Northern Ireland+50000
Israel+75000
Scotland+75000
Kosovo+100000
North Macedonia+100000
Bulgaria+150000
Belarus+250000
Georgia+250000

Odds as of March 20 at Bovada


How to Read Euro 2021 Odds

At any soccer betting site, you’ll see futures odds laid out like so:

Belgium +500

Israel +900

Sweden +1250

Scotland +3000

If you were to make a traditional straight-up bet, the favorite would be shown with the minus sign (-). In cases like these where there is no clear front-runner, the country with the lowest odds is the fave even if they’re all represented with the plus sign (+) which is generally used to demonstrate underdogs.

Let’s say you’ve looked at the group schedule and think Sweden is going to dominate and make it all the way to the top. A $100 bet would give you a payout of $1,350 – your original money is returned coupled with your winnings of $1,250.

Our Odds Calculator is a tool that will tell you how much you’d win based on the offered odds and amount bet.

What is a Futures Bet on the Euro Championship?

A futures bet is a wager made far in advance of a big event. Here, the bet is on the quadrennial Euro contest. It can be said that most bets are made prior to a sporting matchup, but futures can be placed weeks, months or even years in advance. In fact, as soon as the last championship is won, new odds will be released.

The odds will shift as the group stage gets closer and continue to move until right before the final is played at Wembley Stadium on July 11, 2021. If you see odds you like, take them to get the most value on your bets (should you win).