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Euro Odds: European Soccer Betting Lines and Spreads

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The Euro tournament is Europe’s most prestigious international competition, featuring some of the best nations in the world in a shorter format. The tournament is steeped in rich history and culture, dating back to the mid-1950s. Naturally, it has been a popular destination for bettors and sportsbooks for decades now. We’ll provide you with the information you require to first understand the soccer odds and then help you make a decision based on that.

Euro 2020 Odds Legend

The odds to win Euro 2020 are fairly simple to understand. In soccer, there will always be three primary markets to bet on. These odds will vary continually right from the outset (when the odds are first uploaded on sportsbooks) till the point the tournament is concluded.

That’s because minor factors can influence the probability of a team winning, such as an injury to a key player or the sacking of a key manager or head coach. That has an impact on a team’s morale and confidence, which subsequently plays a role in a team’s probability of winning that game.


Based on the Euro 2020 odds, betting on the moneyline will probably be the most popular option for bettors across the board. In this market, sportsbooks will always provide you with three betting options: the home team to win, the away team to win or a draw.

An important point to note when you’re looking at these Euro outright odds is that the draw is almost always only for 90 minutes. In the knockout stage of this competition, that is from the Round of 16 onwards, there will be single-day elimination games. That means that particular tie will be decided on that day itself, unlike the FA Cup where there is a replay or the UEFA Champions League, where there is a second leg.

In the Euro 2020 odds, the home team will be listed first. However, many teams will be playing at neutral venues because there are just 12 host cities at Euro 2020. So be sure to check the venue of the game before backing your team.

As a general rule of thumb, the draw will always be a lucrative pick simply because of the low probability of that outcome at the start of a fixture. If you look at the betting odds for Euro 2020, you will notice that the odds for ‘draw’ are almost always above +200.

The favorite in a moneyline market is depicted with a negative (-) prefix. The underdog has a positive (+) prefix.

Here is an example for the opening game of Euro 2020. Turkey’s Euro 2020 odds to win is +810, indicating that it is a massive underdog. Italy’s Euro 2020 odds to win that opening game is -205, which shows that it is a huge favorite to cruise through. The draw is at +290. That is also an unlikely result, which is why you see the positive prefix.

Total or Over/Under

The total or a soccer Over/Under is a secondary market to place bets on. Simply put, you’re betting on how may goals will be scored in a particular game. That’s it.

However, there are several factors that you will have to consider when making this decision. One is the Euro cup odds for that game. Two is the strength of each offensive and defensive line-up. Most sportsbooks will start off with a default total of 2.5 goals. Odds will be adjusted to reflect the teams playing. Rarely will you find a higher or lower default, but it does happen.

For example, if Germany is playing a massive underdog, you will find a higher total because it is expected to beat that team by a higher margin of goals.

There are some sportsbooks that will offer you Euro 2020 odds for a single team as well. In the same example as above, you could get odds for the goals that Germany will score alone instead of both teams combined. This could be a useful option if you’re certain that one team will not add to the combined total.


A betting spread is another interesting market available in soccer. If you’re familiar with NBA spreads or NFL spreads, it’s the same in soccer as well. You are basically betting on how many goals a team will win by. The handicaps that sportsbooks will offer are solely dependent on the Euro 2020 betting odds.

Let’s look at an example to help you understand this. In the opening game of Euro 2020, Italy’s handicap is -1 and Turkey’s is +1. What does this mean?

Say you think Italy will be too strong to start the competition. If you bet on Italy -1 at odds of -125, it means that you’re betting on Italy to win by two goals or more. Sportsbooks will often offer three-way handicap markets, which means that if Italy win by exactly one goal, you will still lose your bet.

If only two-way handicap markets are available in your sportsbook, your bet will be voided if Italy win by exactly one goal. Be sure to have a look at these markets carefully.

In the case of Turkey’s handicap of +1, it will have to not lose for you to win your bet on that handicap market.


For those bettors that believe in the longer-term proposition, where the probability of skill eventually prevailing is high, the futures market is your best option. The futures market is a fairly simple market, where you bet on the team or player you want to back for the duration of the tournament.

There is another consideration to be made that your investment will be locked in for a longer duration but that also means a slightly more relaxed approach to the consumption of sport.

Odds Shark provides in-depth analysis, based on the current Euro 2020 winner odds, to help you make your decisions, such as group winners and even golden boot choices.