Odds Shark Top Sportsbooks
*Terms and Conditions apply to all bonus offers on this website. Visit operator for details.

Euro 2021 Odds: Belgium, England Betting Favorites for Delayed Tournament

Early Euro 2021 odds are out with Belgium and England leading the field as favorites.

The wait for the UEFA European Championship has been one of the longest for soccer fans in the history of the game. Outside of the world wars, having more than two years between major soccer tournaments hasn’t happened for so long that fans took the reappearance of their favorite international players for granted.

In the middle of a global health pandemic, the cancelation of Euro 2020 saw every true soccer fan’s heart sink. The UEFA Euro Cup will now take place next summer all around Europe but beginning and ending at Wembley, where every English supporter will be hoping memories of Euro ‘96 come flooding back ... well, until the semifinals, anyway.

Let’s take a look at the latest Euro 2021 odds via Bovada.

Who are the Euro Cup Betting Favorites?

Odds to win Euro 2021
Czech Republic+20000
North Macedonia+50000

Odds as of December 9 at Bovada

Picking a Favorite to Win Euro 2021

Three teams are currently attracting more betting activity than most, and each of the three could make a compelling argument that they deserve to be out in front as the Euro 2021 betting favorite.

The latest odds to win Euro 2021 have Belgium (+500) leading the way, and it’s easy to see why they are so fancied. With a blend of attacking flair and defenders who are at their career peaks, it looks like Belgium could be unstoppable. But in real terms, which big teams have they beaten in truly competitive games? Let’s take a look at Belgium and other leading teams in Euro 2021 odds.

Belgium Could Have Tough Road to Euro 2021 Glory

Back in the 2018 World Cup, the only team Belgium beat at the group stage was England in a dead rubber, a claim that Belgium’s detractors could level at the third-place playoff victory against the same side with even less on the line. In the other knockout games, Belgium got a credible win against Brazil but got away with one against lowly Japan, winning 3-2, and lost to France where they were tactically outmatched. That’s still a big danger in the Euros, where they are highly likely to come up against France (+550) again at some stage.

France Could be Team to Beat

Les Bleus are the reigning World Cup winners, and after winning their first World Cup in 1998, they won the following European Championships, albeit not without a little difficulty. In the final, France was losing to Italy until the 93rd minute, when a Sylvain Wilford goal pushed the game into extra time, where David Trezeguet scored the winning “Golden Goal.”

While no such gimmicky innovation will be required to win Euro 2021, France is a much better bet because they have cover in a variety of vital positions around the pitch. They have N’Golo Kante and Paul Pogba as a superb midfield axis and up front have different ways to damage their opponents, with the guile and craft of Olivier Giroud, the pace of Kylian Mbappe and the clutch penetration of Antoine Griezmann all available to them at the top of the pitch. It’s a bit surprising to see France ranked behind three other sides in Euro 2021 odds.

England Could be a Risky Bet

England (+500) is a far less backable favorite in odds to win Euro 2021, with a huge gap between tournament victories – 55 years, to be precise – that has become a mental block in recent years. The 2018 World Cup was a good demonstration as Croatia was able to ghost past an England side that led in the semifinal of a World Cup only for two Manchester City players to cost them badly, with Kyle Walker and John Stones giving away in horrible fashion England’s best chance of an appearance in the World Cup final for half a century.

While England has improved in recent years and months, they still look short of true class in very important positions and might not deserve their top spot in Euro 2021 odds. It’s tricky to say who their best central defender is, the midfield system is arguably unformed and there is no reliable cover for Harry Kane up front.

Optimism will form in the betting minds of England fans with the development in recent years of players such as Trent Alexander-Arnold and Dominic Calvert-Lewin, but in terms of tournament-winning ability, we’d put them behind at least six teams who will be playing at Euro 2021. By that logic, England will do well to make the semifinals.

The Chasing Pack

There are several teams who have a great chance of upsetting the Euro 2021 odds around Europe next summer. In particular, the group just behind the favorites contains trophy winners and big-game players galore, all of whom will be desperate to prove the current Euro 2021 winner odds wrong.

Germany Faces Tough Task in ‘Group of Death’

It’s hard to look much past Germany (+700 in latest European Championship odds) as a team to back at this stage, with their squad still one of the most dangerous around ... but we are. The Germans have encountered a little criticism in recent months about their Nations League campaign after being trounced for six goals by Spain, but in genuinely important tournaments, their record is as good as any team in the world.

Having won the European Championships a record three times, they’ll be looking to do so for the first time since 1996 but while they are much-fancied by some pundits, we’re not sure their aging squad can cope with the “Group of Death” they find themselves in. With France, Portugal and a stubborn Hungary team blocking their path to the knockouts, we can see things getting very tricky for Joachim Low.

Value Bets Include Netherlands, Spain, Italy, Portugal

Others who are chasing down the Euro 2021 winner odds favorites and warrant a glance are Netherlands (+800), Spain (+800), Italy (+1200) and Portugal (+1400).

We’re not sure why reigning champion Portugal find themselves at the lower end of that list, with Ronaldo and Bruno Fernandes two of the best in the world on current form, but we’d back them to escape the “Group of Death” with France before clutching some victories at the knockout stge.

It might even turn out to be similar to the Euros that Greece won, when the most crucial game of this group (Portugal vs France) is then followed by the two teams meeting in the final.

Spain is a danger purely because its group containing Poland, Slovakia and Sweden looks so winnable, but in terms of actually winning the tournament, we’d avoid them, while Netherlands and Italy could threaten the latter stages but miss out on the top prize for the same reason.

Of the chasing pack, our pick would be Portugal. With Joao Felix and the aforementioned former and current Manchester United heroes, they look like great picks at 14/1 if they can escape their group.

Outside Chancers

We’d back Denmark (+8000) to win the Euros as our outsider, with Christian Eriksen sure to be desperate to show what his Milanese employers are missing. A meeting with Italy might well be one of the games of the championships if it transpires, while the Danes’ group consisting of Belgium, Finland and Russia is beatable for a number of reasons.

Of the teams who face elimination yet could surprise a few big teams along the way, we love Hungary to threaten Germany in particular in their second game after perhaps a spirited defeat to Portugal in their opening match. Hungary was a dynamic side in qualification and unlike Scotland, Wales and North Macedonia, they won’t be happy just to make up the numbers.

We’ll return to the Euro 2021 betting odds (or Euro 2020 if you fall in line with FIFA in refusing to rename it) in a few weeks’ time when we have more information on the summer’s hottest sporting event.

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).