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Euro 2020 odds: England favored to win 1st European title

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Defending world champion France is no longer considered the favorite to win Euro 2020, which is confusingly set to be held in summer 2021 as a result of the pandemic.

With qualification set to wrap up Thursday, this feels as good a time as any to revisit the tournament's oddsboard and observe how things have shifted over the past year.

NATION ODDS (Nov. 2020) ODDS (Dec. 2019)
England +500 +500
Belgium +550 +700
France +600 +400
Germany +700 +800
Netherlands +700 +800
Spain +800 +800
Italy +1100 +1400
Portugal +1600 +1000
Croatia +2500 +2500
Denmark +8000 +10000
Poland +8000 +8000
Russia +8000 +8000
Switzerland +8000 +8000
Ukraine +8000 +8000
Austria +10000 +10000
Serbia +10000 +10000
Sweden +10000 +10000
Turkey +10000 +10000

Only nations with odds 100-1 or shorter were included

England (+500)

Without a change in its line, England has assumed the role of Euro 2020 favorite by virtue of France's drop. It's rather strange to see given the Three Lions' resume in 2020, with a signature win over Belgium undone by a scoreless draw and 1-0 defeat to Denmark. Perhaps oddsmakers are buying into England's potent attack, but the midfield and defense pale in comparison to other European powerhouses, making it a strong fade candidate at the current price.

Belgium (+550)

It's also difficult to justify backing Belgium at such a short price. Concerns over who starts in defense next summer are legitimate, while Eden Hazard's dip in form is also worrisome. The biggest issue with Roberto Martinez's side is a rapidly aging core headed toward a steep decline without the necessary depth to replace any struggling former stars. The Red Devils are a team to avoid at anything short of +900 and could develop into a strong fade on a match-to-match basis at Euro 2021 in a deceptively tough group with Denmark, Russia, and Finland.

France (+600)

France is deserving of the favorite tag until proven otherwise. Euro 2016 finalists and World Cup 2018 winners, Les Bleus' core remains intact, and they're littered with both talent and depth throughout the pitch. They haven't lost a match since June 2019, and being drawn into the Group of Death is no reason to balk. While the odds are still short, France is the first good value on the board.

Netherlands (+700)

Few nations were helped more by the postponement of the Euros than the Netherlands, which was set to play the tournament without injured stars Memphis Depay and Donyell Malen. Getting those players healthy is a massive boost to its chances, as is another year of development for the young core. However, while the Oranje were my pick to win Euro 2020 not too long ago, replacing the now departed Ronald Koeman with Frank de Boer is a serious downgrade at manager. Early returns haven't been encouraging, as they've yet to win in three matches under the former Ajax boss.

Portugal (+1600)

This is the worst price on the board, and it's not really up for debate. Portugal's Euro 2020 squad will be vastly superior to the one that won the tournament in 2016, with the likes of Joao Cancelo, Ruben Dias, Nelson Semedo, Bernardo Silva, Bruno Fernandes, Ruben Neves, Joao Felix, and Diogo Jota replacing aging veterans and fringe players. Portugal remains unbeaten since 2019 - including impressive results against the likes of France, Spain, and Croatia - and is well-positioned to become the second nation in a row to win successive editions of the tournament.

Alex Moretto is a sports betting writer for theScore. A journalism graduate from Guelph-Humber University, he has worked in sports media for over a decade. He will bet on anything from the Super Bowl to amateur soccer, is too impatient for futures, and will never trust a kicker. Find him on Twitter @alexjmoretto.

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