Market movers: Euro 2024 favourites following the group stages

Market movers: Euro 2024 favourites following the group stages

by Harvey Cleere
Sports Writer

28 June 2024

Market movers: Euro 2024 favourites following the group stages 

The excitement surrounding Euro 2024 has been ramped up a notch as the tournament transitions from the intense group stage to the thrilling knockout rounds. As teams progressed and others faced early elimination, the odds for who will ultimately lift the sought-after trophy in Germany have evolved significantly. 

At Receptional, we’ve been keeping a close eye on the tournament, covering the Euros across a variety of our different teams, with many of us still optimistic that football is returning to its spiritual home.  

In this blog post, we’ll delve into how the bookmakers have reacted and changed their odds going into the business end of the Euros, influenced by team performances, key player impacts, and the unpredictability of tournament football.  

Group Stage Review 

The group stage of Euro 2024 were nothing short of dramatic. From surprise victories to unexpected exits, the dynamics of the tournament have been set early on.  

  • Dominant performances: Traditional powerhouses like Spain, Germany and Portugal showcased their prowess, securing top spots in their respective groups. 
  • Surprise packages: Teams like Switzerland, Slovenia and Austria surprised many with their spirited performances.  
  • Lacklustre showings: Although both teams progressed, England and France largely failed to provide any spark despite being the pre-tournament favourites. 

Changing Odds: Group Stage to Knockouts 

As we transition to the knockout stage, let’s examine how the odds of winning Euro 2024 have shifted.  

Pre-tournament odds  

  • England – 3/1 
  • France – 4/1 
  • Germany – 11/2 
  • Portugal – 7/1 
  • Spain – 9/1 
  • Italy & Netherlands – 18/1 
  • Belgium – 20/1 
  • Croatia – 45/1 
  • Denmark 55/1 
  • Austria – 80/1 
  • Switzerland – 85/1 
  • Ukraine – 100/1 
  • Turkey & Serbia – 110/1 
  • Hungary – 125/1 
  • Czech Republic – 175/1 
  • Poland, Romania & Scotland – 250/1 
  • Slovakia & Slovenia – 625/1 
  • Georgia & Albania – 800/1 

Post Group Stage Adjustments 

With the group stage concluded, the odds have been recalibrated to reflect how each has performed thus far in Germany:  

  • England – 4/1: Although England have drifted out to 4/1, the Three Lions remain favourites to win the Euros despite their disappointing performances in the group stage. Their place at the fore of the market is also largely down to the fact they are on the opposite side of the draw to the likes of France, Germany, Spain and Portugal.  
  • Germany – 9/2: Available at 9/2 in places, Germany have leapfrogged France into second in the outright winner’s market. The hosts thrashed Scotland 5-1 to open the tournament with a bang and topped Group A with an unbeaten record as they seek to win the Euros on home soil. 
  • Spain – 9/2: Also, now priced at 9/2, Spain looked somewhat written off by the bookmakers when they were available at 9/1 before the tournament. However, La Roja have left the bookies with no choice but to slash their odds in half after winning all three of their games in what was dubbed the ‘Group of Death’.  
  • France – 5/1: With just one win and two draws, Les Bleus suffered an early shock as they finished second to surprise outfit Austria in Group D and Didier Deschamps’ men now fall into the harder side of the draw for the knockouts, harming their chances of winning the Euros for the first time since 2000.  
  • Portugal – 6/1: Portugal might have topped their group with ease, but Cristiano Ronaldo and co. haven’t done enough to scare the bookmakers just yet as they’ve moved down just one point from 7/1 to 6/1. That is arguably down to the lack of competitive sides in Group F. 
  • Italy, Netherlands & Belgium – 18/1: Defending champions Italy, Netherlands and Belgium remain similarly priced to their pre-tournament odds at 18/1.  
  • Notable movers: Pre-tournament rank outsiders Austria and Switzerland, who were 80/1 and 85/1 before the Euros got underway, are now 20/1 and 40/1, respectively, after overperforming in their groups.  

As Euro 2024 progresses into the knockout stages, the race for the championship is more thrilling than ever.  

The changing odds reflect not only the performances we’ve witnessed but also the myriad possibilities that lie ahead.  

Whether you’re a die-hard fan or a casual observer, the unfolding drama promises to keep us all on the edge of our seats.  

The Content Team have been hard at work covering the tournament thus far, and our Sports Writers are eagerly watching to see if their predictions will be correct.  

Stay tuned for more updates as the tournament continues. 

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