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Odds to Win Euro 2020: England Alone Atop Futures

Euro 2020 Betting Odds

Fortune smiled on England at this past weekend’s Euro 2020 final tournament draw. After drawing into Group D alongside Croatia and the Czech Republic, the Three Lions have climbed to the top of the oddsboard at many sportsbooks as +400 favorites to claim the Euro 2020 title.

Online sportsbook Bovada has England as the favorite at +400 followed by Belgium at +500, France at +650, Netherlands at +700, Germany and Spain at +850, Italy at +900, Portugal at +1600, Croatia at +2500 and Ukraine at +6600 to round out the top 10 countries on the oddsboard.

England Hopes Strong Qualifier Translates to Euro 2020 Success

England enjoyed an impressive run through Euro 2020 qualifying, posting wins in seven of eight matches and outscoring opponents by a 17-0 margin in its final three games. However, England’s lone loss came against the Czechs, a 2-1 defeat in Prague back on October 11.

Overall, the Three Lions have dominated on the international stage since falling just short of a berth in the final of the 2018 FIFA World Cup. England has compiled a 12-1-2 win-draw-loss record in 15 international contests across all competitions since the summer of 2018 but has never tasted glory at the Euro, with its best showing being semifinal appearances in 1968 and 1996.

Group of Death and Best of the Rest

Second on the oddsboard, Belgium prepares for Euro 2020 after enjoying an unblemished 10-0-0 run in qualifying while outscoring opponents 40-3. However, Belgium could face unexpectedly stiff competition in Group B from Denmark, which lags as a +8000 tournament wager. Sitting at No. 16 on the FIFA world rankings, the Danes haven’t lost to Belgium since 1971 and are undefeated in 15 matches across all competitions.

While the Netherlands enjoyed a favorable draw into Group C alongside Austria and Ukraine, things did not go nearly as well for the reigning World Cup champions. Les Bleus had climbed to the top of the Euro 2020 odds as +400 chalk while compiling a solid 8-1-1 record in qualifying. However, France has been rewarded with a draw into this tournament’s group of death, joining Germany and defending Euro champion Portugal in Group F.

Germany is largely unmoved on the Euro odds since the draw, dropping only slightly from its position in late October at +800. The Germans suffered a humiliating group-stage exit at last year’s World Cup but have shown signs of returning to their world champion form during an 8-3-1 run.

Portugal has also reversed a lengthy 16-month slide with wins in seven of its past eight outings. But faced with the prospect of competing with the last two World Cup winners in the Euro 2020 group stage, the Seleção have dipped to a +1600 wager on the Euro 2020 odds.

Click here for up-to-the-minute Euro 2020 futures odds changes. 

Odds to win Euro 2020
Czech Republic+15000
Republic of Ireland+20000
Northern Ireland+50000
North Macedonia+100000

Odds as of December 2 at Bovada

How to Read Euro 2020 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 frontrunner, 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 $1350 – your original money is returned coupled with your winnings of $1250.

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 the closer to the Group stage and continue to move until right before the final is played at Wembley Stadium on July 12th, 2020. If you see odds you like, take them to get the most value on your bets (should you win).