EURO 2024 Odds: England still favorites despite disappointing group stage

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Euro 2024
FILE – England’s Phil Foden in action during the Euro 2024 group C qualifying soccer match between England and Malta at Wembley stadium in London, Friday, Nov. 17, 2023. The Associated Press takes a look at some of the players expected to light up the European Championship in Germany which kicks off on June 14. (AP Photo/Kirsty Wigglesworth, File)

EURO 2024: With the group stage now behind us, all eyes turn to the final 16 teams who will compete int the first round of the knockout stage. The competition has been filled with highs, lows, and everything in between and the tensions are only going to rise from here. But which team is favored to finish its stories and lift the coveted trophy?

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EURO 2024: Odds markets


EURO 2024: Analysis

Believe it or not, England are still the favorites to win the EURO 2024 tournament. They opened the competition at +300 and although their odds have drifted to +425, they’re still the leading team according to Vegas, which is surprising given their form so far.

The Three Lions massively underwhelmed during the group stage. They were held to a goalless draw against Slovenia in what should’ve been an easy win and were unable to beat Denmark either. However, they have a reputation for growing into tournaments under Gareth Southgate and still boast the most expensive team in the entire tournament, with a total value of over £1.2bn! The last time England won a major tournament was 1966 and although they were runners-up here last time out, they’re going to need to drastically improve to keep up with the likes of Germany and Spain who have ripped through their opponents with ease so far.

Spain has seen one of the biggest jumps in price. They opened the tournament at +700 and after a dominant group stage, La Roja is now priced at +450. They’ve looked as complete as any team in the tournament and are going to be feared as a result.

Germany and France are two other teams worth backing. The host nation, Germany, has been nothing short of clinical so far, scoring more goals than any other team in the EURO 2024 group stage, and it’s not like their group was a cakewalk either. As for France, Kylian Mbappe’s return was met with adulation as he scored a crucial penalty last time out. They failed to top their group thanks to an incredible win for Austria, but France can never be overlooked thanks to their experience and consistent success in this competition.

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Marcus Rashford (11) of England scores a goal and celebrates 5-1 with teammates during the FIFA World Cup 2022, Group B football match between England and Iran on November 21, 2022 at Khalifa International Stadium in Doha, Qatar. (Photo by Pro Sports Images/DPPI/Icon Sportswire) ****NO AGENTS—NORTH AND SOUTH AMERICA SALES ONLY****

Where to find value at EURO 2024

As far as underdogs go, one name stands out – Austria. Their stunning win over the Netherlands not only inspired a ton of hope for the nation, but ensured they topped a group for the first time in tournament history. A narrow opening loss to France was avenged by two explosive victories over the Netherlands and Poland – two sides who boast plenty of tournament prowess. While they will still be huge underdogs as the difficulty of opponent only increases, they’ve proven they can hang with some of the best players in the world and will be riding a real wave of confidence now.

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AP Photo/Kirsty Wigglesworth, File