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Euro 2020 Odds: England arise as European favourites, holders Portugal among dark horses

England many have never won a European Championship to date, but the Three Lions are being backed to roar to victory and become the pride of their fans at Euro 2020 this summer.

Euro 2020 Betting Preview

The Month-long continental tournament—which was delayed last year as a result of the coronavirus pandemic—is set to kick off on June 11.

Gareth Southgate is set to name his squad not long after the club season comes to an end, and William Hill has installed his side as 5/1 favourites to break their European duck.

Euro 2020 will be the first of its kind to be staged across Europe, with no fewer than 11 host cities and venues selected for the 51 matches to decide who will be crowned kings of the continent.

Wembley Stadium in London is high up on the list and will host both the semi-finals and final, meaning a maiden European title would all the more to the final hosts should they make it there.

Debate is rampant in regards to who Southgate should pick for his final 26-man squad, with Liverpool captain one of those in a race to be fit following an injury that’s kept him sidelined.

Reds coach Jurgen Klopp recently discussed Henderson’s chances of making the tournament, as well as Virgil van Dijk’s decision to miss the tournament for the Netherlands following a serious knee injury:

The Netherlands are now down as far as 11/1 to win their second European Championship, with the loss of Van Dijk dealing a major blow to Frank de Boer, who struggled early on in his tenure as manager.

Defending world champions France haven’t lifted the continental crown since 2000, but they and Belgium are the closest to England as far as the oddsmakers are concerned, each priced as 11/2 second-favourites.

It’s a great advertisement for the Premier League that two teams from England—Manchester City and Chelsea—will contest this season’s Champions League final on May 29.

However, Southgate could also suffer from the amount of English players who will be involved in that fixture so close to the Euro kick-off date, which could harm his side’s chances:

The Three Lions are located in a Group D lineup that also includes Scotland, the Czech Republic and Croatia, who knocked England out of the 2018 World Cup semi-finals.

Portugal emerged as winners at Euro 2016 in France, but Cristiano Ronaldo & Co. could offer value as a 8/1 dark horse for this summer’s top prize.

This is very likely to be Ronaldo’s final European Championship, and perhaps even the last major international tournament of his career. With that in mind, the five-time Ballon d’Or winner will be motivated to end his Portugal career on a high, and Spain successfully retained the European trophy in 2012.

Of all the teams set to compete at Euro 2020, North Macedonia offer the highest odds at an all-but-impossible 500/1, one of two countries set to make their competition debut (alongside Finland).

Euro 2020 Outright Winner Betting Favourites

CountryOddsLast Euro Title
England5/1N/A
France11/22000
Belgium11/2N/A
Germany15/21996
Spain8/12012
Portugal8/12016
Italy11/11968
Netherlands11/11988
Denmark28/1N/A
Croatia33/1N/A
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