Euro 2024 Odds: France Rightfully The Early Favorites

Euro 2024 will be held in Germany from June 14 to July 14, 2024. We're in the early stages of qualifications with no more than two games being played per side.

In total 24 will participate in the tournament, and 23 of those sides will come through the qualification process. As hosts, Germany automatically qualifies. 

We're a year out from one of soccer's most important tournaments - and with lots of qualifying matches left to play - but let's take an early look at the odds board and who's favored to win.

Odds to Win 2024 Euro

Odds as of June 13

Why Is France Favored to Win Euro 2024?

On an international level, the French are the second-best side. Les Bleus were runners-up at the 2022 World Cup. On that World Cup journey in Qatar, France took out some strong European opponents.

They bested Denmark 2-1 in the group stage (the Danish hold the ninth-best Euro odds), Poland in the Round of 16 by a score of 3-1 (Poland is at +5000 for Euro 2024) and then France dispatched the English 2-1 in the Quarter-Finals (England is third on Euro odds board).

Through the short qualification period, France is 2-0-0 with a +5 goal differential while keeping two clean sheets with wins over Ireland and the Netherlands. 

Star power is another big factor to consider, and the Bleu-Blanc-Rouge have the biggest star of them all in Kylian Mbappe. The PSG forward has no flaws in his game and dominates at every level. 

🇫🇷 Kylian Mbappe has only played in two World Cups in his illustrious career:

✅ 2018 World Cup:
👕 7 games
⚽️ 4 goals
🏆 Champions
🏅 Best YP

✅ 2022 World Cup:
👕 7 games
⚽️ 8 goals
🎯 2 assists
🥈 Runners-up
🥇 Golden Boot

Incredible. 👏🏽🔥 pic.twitter.com/SoBokcdQRU

— Sholy Nation Sports (@Sholynationsp) June 6, 2023

In Qatar, Mbappe scored the most goals (8), lead the tournament in goal-creating actions with 11 (five more than the next best-player) and was third for goal-creating actions per 90 (1.74). When it comes to unlocking a game there's no better player in Europe or even the world than Mbappe.

Euro 2024 Value 

France enters the tournament as slight favorites, what sides have greater value and have a chance to win instead of the favorites?

Germany

The hosts are just behind France on the oddsboard at +550. Because of their host status, we don't have any sense of the form their in. They haven't played any games because they don't need to qualify.

If not for a shock 2-1 loss to Japan in the group stage of the 2022 World Cup, Germany would have likely gone much further. They bounced back from that defeat to the Blue Samurai with a 1-1 draw with a strong Spanish side before dismantling Costa Rica 4-2 to close out their tournament. 

The Germans will hope that youngster Jamal Musiala builds off a strong World Cup where he was credited with 7.67 shot-creating actions per 90 and an even better 22-23 Bundesliga campaign where he scored 12 goals and had ten assists for Bayern in his 19-year-old season. The kid is only going to get much better.

England

The English are the top-ranked side in Group C of Euro qualifiers with wins over Ukraine (2-0) and Italy (2-1).

Gareth Southgate's side is winning games they should (against Ukraine) and those where they're second best (vs Italy). Against the Azzurri, England only had 42% of the possession and 42% of the shots, they even went down a man in the 80th minute thanks to a Luke Shaw red card and still won 2-1. 

With Southgate's contract over in December of 2024, this will likely be his final major tournament. His sides have come close to glory a few times but never won a title. Sadly for the three lions, their returns have been diminishing for the last few years.

2024 Euro Dark horse

Every Euro tournament has its dark horse. A team comes out of nowhere and makes a deep run and upsets the landscape. 

In 2020, that was the Swiss who finished third in Group A and made it to the Quarter-Finals after beating France in the Round of 16.

Who should you have your eyes on in 2024?

Netherlands

The Dutch are no strangers to this competition. They won it once in 1988 and placed third four times. That last third-place finish came in 2004. 

At the 2022 World Cup, the Flying Dutchmen finished fourth with the third youngest squad in the competition. They had an average age of 26. Forward Cody Gakpo was a revelation with three goals in five matches for the Oranje in Qatar. 

Three World Cup games, three goals. Cody Gakpo, literally flying. ⭐️🇳🇱 #Qatar2022 #QatarWorldCup2022 pic.twitter.com/Eeb0FHuqwm

— Fabrizio Romano (@FabrizioRomano) November 29, 2022

There's a lot to like about Holland. At +1400, keep an eye on their qualifying. 

Croatia

The Croatians are at the top of Group D with four points in two qualifiers. Remember, they finished as runners-up at the 2018 World Cup and then third in Qatar. Never discount Croatia at a major international tournament. With +3500 odds you could make $350 on a $10 bet backing them this early. That's very tempting. 

Last Five Euro Winners

Favorites typically win this tournament. They have deep squads overflowing with some of the most talented players in all of Europe. But every few years a dark horse goes all the way and is crowned Kings of Europe.

At +15000 Greece, and those who bet on them, haven't yet forgotten about that tournament in 2004.

Last Five Euro Runners-Up 

*After extra time
**Game tied 1-1 after extra time, ended 3-2 in penalties

The Euro finals are a low-scoring affair. Over the last five tournaments, three or more goals have been scored only once. It's worth exploring the UNDER when the Final comes up in July of 2024.

How to Read Euro 2024 Odds

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

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 Belgium is going to dominate and make it all the way to the top. A $100 bet would give you a payout of $650 – your original money is returned coupled with your winnings of $550.

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 on July 14, 2024, at the Olympiastadion in Berlin. If you see odds you like, take them to get the most value on your bets (should you win).