Euro 2020 Odds: Odds to Win UEFA Euro 2020

Bodog Euro 2020

UEFA Euro 2020 Odds: Odds to Win Euro 2020

It takes a few lucky bounces here and there to win at international soccer. If England manages to come out on top at this summer’s UEFA European Championships, they can point to November 30 as their red-letter day, when the lottery balls fell their way at the draw for the final tournament. England were placed in Group D, along with Croatia, the Czech Republic, and one of the four play-in teams that will be determined in late March.

France, on the other hand, will be cursing their luck after landing in this year’s Group of Death. Les Bleus were placed in Group F alongside Germany, the reigning Euro champions from Portugal, and another play-in team. As a result, despite no matches having been played since the November qualifiers, England have overtaken France as the No. 1 favorites on the Euro 2020 lines at Bodog Sportsbook.

 

Euro 2020 Odds Breakdown

If that weren’t bad enough for the Blues, they’ve slipped all the way to third place on the Euro betting lines – hardly fitting for a team coming off an impressive win at the 2018 World Cup. Here are the odds to win the Euro 2020 tournament for the top five favorites (including ties) at Bodog as we go to press:

 

1. England: +450 Euro Odds

Getting to play at Wembley Stadium against Croatia (+2500), the Czech Republic (+15000) and one of the remaining playoff teams (perhaps Serbia at +10000) doesn’t mean England are a lock to advance to the Knockout Phase of this 24-team tournament, but it certainly helps. The Three Lions are the class of this foursome at No. 4 on the FIFA rankings, although the World Football Elo Ratings – arguably a more reliable indicator of their strength – only have them at No. 12, one spot ahead of Croatia.

 

2. Belgium: +500 Euro Odds

There’s no argument over who the best national side is in soccer today. Belgium are No. 1 according to both FIFA and Elo, and once again, they find themselves with an excellent draw into Group B, where they’ll take on Denmark (+8000), Russia (+10000) and Finland (+25000) in the Group Stage. The Red Devils are coming off their best-ever third-place finish at the World Cup, and swept all 10 of their matches during 2020 Euro qualifying – including two wins over Russia at a combined score of 7-2.

 

3. France: +600 Euro Odds

This hardly seems fair. Les Bleus remain one of the most talented sides in European soccer, checking in at No. 2 on the FIFA rankings and No. 3 according to Elo, but their title odds fell from +400 after November’s draw. Maybe it’s not so bad, though. Germany (+850) and Portugal (+1600) are both rebuilding, and chances are good they’ll be joined in Group F by one of the true Euro long shots like Kosovo or North Macedonia (+100000 each). French soccer fans would love to get some revenge on Portugal after that 1-0 upset at the 2016 final in Paris.

 

4. Netherlands: +700 Euro Odds

It’s been a long rebuild for the Oranje, but here they are at No. 4 on the Euro futures market, and No. 5 on the Elo ratings – although FIFA has them much further down the list at No. 14. The lottery balls definitely bounced their way in November; the Netherlands were placed in Group C, where they will host Ukraine (+6600), Austria (+10000) and a playoff winner, which could turn out to be Romania (+15000). Playing these teams in Amsterdam should help the Flying Dutchmen reach the knockout round after failing to make the tournament four years ago

 

5. Germany: +850 Euro Odds

They’ll be challenged in Group F, but Die Mannschaft (No. 15 FIFA, No. 11 Elo) should be competitive again after failing to get out of the Group Stage at the 2018 World Cup – and they’ll be the home team for their three Group Stage matches in Munich. We’ll get a better sense of where Germany stands when they face the last team on our list in a friendly on March 26.

6. Spain: +850 Euro Odds

Spain (No. 8 FIFA, No. 4 Elo) gets to play that match in Madrid. More importantly, they’ll be in Group E at Euro 2020, where their competition includes Poland (+10000), Sweden (+12500) and a playoff team – Ireland (+20000) have the inside track for that last spot. La Roja also get to host their Group Stage matches at San Mames in Bilbao.

Bodog Euro 2020

How to Bet on Euro 2020 Soccer

Winning the Euro 2020 tournament won’t be a walk in the park, but placing a bet on Euro 2020 is easy – especially when you bet at Bodog Sportsbook. Here’s a quick look at the different options you’ll find on the soccer menu.

Spread

Just like they do in the NFL version of football, you can bet on either team to cover the spread in the Beautiful Game. In order to cover it, the dominant team (the favourite) has to win by a minimum number of goals, as dictated by the spread. The underdog bets pay out as long as they stay within their spread. Let’s start with this example from a recently completed Euro 2020 qualifier:

Norway –0.5 (–130)

Romania +0.5 (+105)

This Group F qualifying match was held June 7 at Ullevaal Stadion in Oslo; this is soccer, so the home team is listed on the top, as per tradition. Norway were favoured by 0.5 goals, meaning they had to outscore Romania in order to cover – note that soccer bets are typically based on the score at the end of 90 minutes plus stoppage time. Romania only needed a draw to cover, and that’s what happened when they scored in the 92nd minute, making the final 2-2.

The payouts for each side are indicated by the numbers in parentheses, which show the vigorish attached to each bet using the American odds format. At +105, Romania paid out $105 for every $100 wagered – or $1.05 for every dollar. Norway would have paid out $100 for every $130 wagered had they held onto the lead. When the spread is a whole number like one or two goals, and the winning margin is exactly that number, the result is a push.

Moneyline

Also known as 1X2 betting, the moneyline is the old-school way of betting on soccer – and still the industry standard across the pond. You can bet on either team (1 or 2) winning, or you can bet on the draw (X). Here’s the moneyline for our example match:

Norway –125

Romania +400

Draw +260

The draw is often a good value bet in soccer, since so many people like to bet on their chosen team to win. In this case, Romania’s late goal was enough to pay draw bettors $260 for every $100 wagered.

Total

Soccer is the lowest-scoring game you’ll find among the top professional sports, but you can still bet on whether the two sides will combine to score over or under a certain number of goals: 

Norway O 2.0 (+105)

Romania U 2.0 (–115)

The total is presented in much the same way as the spread, although the names of the two teams don’t matter here. The Over is always listed on the top; Bodog Sportsbook uses the uppercase “O” to help you navigate the soccer lines more easily. The Under is on the bottom, and as before, the vigorish for each line is shown in parentheses. By scoring four goals, this match made the Over pay out $105 for every $100 wagered.

First Half

The “straight” or “single” bets we’ve shown thus far (spread, total and moneyline) are also available for just the first half, instead of the entire 90 minutes plus regulation time.

Second Half

As with first-half bets, you can wager specifically on the outcome of the second half when you bet on soccer at Bodog.

Game Props

Game props are specific “proposition” bets, a category that can include just about anything other than the outcome of the match itself. Winning Margin and Exact Score are two of the most popular game props on the menu.

Goal Props

This is where you bet on goal-specific props, like whether there will be an even or odd number of goals scored during the match.

Player Props

If a soccer prop has to do with a specific player – like who will score the first goal, or get booked first – that’s a player prop.

Futures

Last, but by no means least, a futures bet asks you to wager on an event that won’t be resolved until some time in the future; for example, who will win Euro 2020? The odds we’ve quoted above can be found on the soccer futures market, along with odds for who will win each qualifying group.

With all these bets at your fingertips, you should find something you’ll like when you surf the soccer odds at Bodog. Need more information? Our comprehensive FAQ and Help guides are always available, and so is our Customer Service team. In the meantime, check back with us on the regular for updated Euro 2020 odds and analysis, and may the best team win.

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