The European Championship always delivers nail-biting entertainment and unpredictable results. We take a good look at this glorious football event as well as the betting opportunities that come with it.

You’ll find everything you need right here, whether it’s a breakdown of the Euro 2020 favourites or our predictions for the underdogs.

Euro 2020 Favourites: Outright Betting

Everyone is asking the same question around this time. Who will win the European Championship? The correct answer to that question could lead to a serious sum of money, depending on how much you’re willing to stake.

The tournament has been postponed until the 11th of June 2021 because of the COVID global pandemic. Luckily, all the groups for the knockout stage have already been established, allowing us to predict which nation will lift the trophy.

To get an idea of who the favourites are to win the tournament, we’ve looked at the odds provided at major sports betting sites. Popular bookies have all selected England as the most likely to win. After putting in a fantastic performance in the qualifying stage, Gareth Southgate’s squad has shown they’re capable of winning Euro 2020.

We’ve put together our own Euro 2020 predictions too. Our experts have identified the top bookmakers presenting the most profitable odds on each nation competing. Odds will always change, but keep this list on hand for a useful guide whenever you’re looking for a quality betting site.

Top 5 Euro 2020 Favourites: Predictions

Here’s a rundown of who we believe are the top five favourites to win the title. Many felt France would lift the trophy, however, after an impressive qualifying stage, England has taken the top spot at bookies. You can also check out our selection of top Euro 2020 offers.

England

Although England started second favourites at the beginning of the competition, their fantastic form has seen them claim the top spot as Euro 2020 favourites. This strong side looked just about unbeatable until the second meeting against the Czech Republic where they lost 2-1. The Three Lions averaged four goals per game as well as a determination to fight back.

At the time of writing the semi-finals and final will take place at Wembley Stadium, giving the England side even more chance to win at home.

France

France will look to set the record straight after losing in the final to Portugal in the last European Championship in 2016. They won eight of their ten qualifiers, losing once to Turkey and drawing another.

Les Bleus will look to continue their excellent performance in the qualifying round. The French are placed in Group F, alongside Germany and Portugal. So they will need to show some real grit if they are to go on and win the competition.

Spain

As past Euro champions, Spain continue to capture the hearts of football fans across the globe. Recent years have seen a slump in the Spanish team’s performance, but results from the qualifying rounds indicate a possible turn around. They managed to win eight of their ten games, dropping points to Norway and Sweden.

Their 91% passing accuracy shows just how well the squad is communicating as well as scoring 31 goals in the qualifying games. You might want to place a bet on Spain as outright winners sooner rather than later, given the current odds on offer.

Belgium

Belgium continue to rank as favourites in the footballing world, given their strong side and impressive results. Many of the players in the squad ply their trade on the biggest club football stages.

They managed to win all ten games in the qualifying stages, scoring an incredible 40 goals. Belgium continues to prove to be one of the best national football teams around and definitely deserve your attention as title contenders.

Germany

It’s fair to say Germany have everything needed to win the Euro competition. Their past performances have already seen them win the title and continuously reach the later stages. This qualifying campaign was no exception, winning seven of their eight games, losing out once to the Netherlands in Hamburg.

There have been some surprising performances of late but Joachim Low has announced that this will be his tournament. This will be the last chance for him to oversee a tournament victory and bookies have placed Die Mannschaft as one of the top competitors for Euro 2020.

Euro 2020 Dark Horses

Whether it’s by reputation or performance, the usual suspects are always found at the top of the favourites list. But given football’s unpredictability, every tournament also exposes a few unlikely winners.

These teams put in riveting performances but still don’t gain the attention of bookies. This provides a unique betting opportunity for those willing to take a chance on a potentially profitable long shot. Teams such as Portugal and Italy feature lower down on the likely winner’s list but still have what it takes to win the tournament.

Portugal won the last Euros, so there’s no reason the defending champions couldn’t pull it off again. Other teams like Russia and Croatia are also considered dark horses, and you can find stunning betting prices for both. It’s always a good idea to spread your bets, backing two or more teams as favourites to win.

Other Types of Euro 2020 Favourites

Euro 2020 provides plenty of betting opportunities without ever needing to predict the winner. Major sports betting sites already have betting markets, such as top goalscorer and which nations will progress to the knockout stages.

Here’s a few to look out for:

Euro 2020 Group Winners

Instead of predicting the final winner, this betting market requires you to bet on which team will emerge at the top of their respective groups. The group stage consists of six separate groups, each comprising of four national teams. You can bet on one side or put together a profitable accumulator across several groups.

A group winner bet is an excellent way to keep your interests during the earlier stages of the competition. Some groups have a clear favourite while others have multiple powerhouse teams. So far we have identified England, Belgium and the Netherlands as favourites in this betting market.

Euro 2020 Top Scorer

If you’re looking for a long term bet that keeps your excitement going for the entire competition, then look no further than the top goalscorer market. As the name suggests, you’re staking money on which individual player will find the back of the net the most.

Usually, the favourites for this bet fill the striker’s role in the team, while attacking midfielders receive much longer odds. It’s essential to pick a player from a team that you think will go far in the tournament as more game time equals more goal-scoring opportunities. Also look at players that play against weaker nations in the opening group stage.

Some of the names featured at the top of the bookie’s favourite list include Harry Kane, Romelu Lukaku, Cristiano Ronaldo and Kylian Mbappé. Some other players to look out for are the likes of Memphis Depay, Timo Werner and Antoine Griezmann.

Best Sites to Bet on Euro 2020 Favourites

Our team of football betting experts has put together a list of the best bookmakers to place your all-important bets. Not only do these sites offer the best odds, but they also have some of the top bonuses and welcome promotions for new players.

These bookies may not all meet your requirements, but we’re sure at least one will provide what you need. Make sure you read the wagering requirements carefully before signing up for a bonus to avoid any surprises.

  1. Get up to £100 in Bet Credits

    • Reliable bookmaker for all
    • A wide range of sports options

    Get up to £100 in Bet Credits

    Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. The bonus code MYBETCODE can be used during registration, but does not change the offer amount in any way. Full T&Cs
    • Reliable bookmaker for all
    • A wide range of sports options
    Review Claim Offer
  2. £20 IN FREE BETS WHEN YOU PLACE A £5 BET

    • Reliable bookmaker for all

    £20 IN FREE BETS WHEN YOU PLACE A £5 BET

    NEW CUSTOMERS ONLY. FIRST SINGLE & E/W BET ONLY. ODDS OF 1/1 OR GREATER. 2 X £10 BET TOKENS. FREE BET STAKES NOT INCLUDED IN RETURNS. FREE BETS ARE NON WITHDRAWABLE. NO FREE BET EXPIRY. ELIGIBILITY RESTRICTIONS. FURTHER T&CS APPLY. 18+. BEGAMBLEAWARE.ORG Full T&Cs
    • Reliable bookmaker for all
    Review Claim Offer
  3. Bet £10 Get £30 in Free Bets + 60 Free Spins

    • Great Loyalty program

    Bet £10 Get £30 in Free Bets + 60 Free Spins

    New UK & NI customers only. promo code ‘SPORTS60’. Deposit & place first sports bet of £10+ in one bet transaction, at odds of Evens (2.0) +. settled within 60 days. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement, 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 60 Free Spins on Justice League Comics. 7-day expiry.Full T&Cs apply. Full T&Cs
    • Great Loyalty program
    Review Claim Offer
  4. Up to £40 Money Back + £10 Casino Bonus

    • Great reliable odds
    • In Play betting

    Up to £40 Money Back + £10 Casino Bonus

    18+ begambleaware.org. New customer only. Min deposit £10. Money back as bonus if first bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 35x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. No deposit required for NI customers. Call 08081699314 to claim. Full T&Cs apply. Full T&Cs
    • Great reliable odds
    • In Play betting
    Review Claim Offer
  5. BET £10 GET £30 IN Free Bets + £10 Casino Bonus

    • Enhanced Odds

    BET £10 GET £30 IN Free Bets + £10 Casino Bonus

    Min deposit £10 • A qualifying bet is a ‘real money’ stake of at least £10 • Min odds 1/2 (1.5) • Free Bets credited upon qualifying bet settlement and expires after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Casino bonus expires after 60 days • Withdrawal restrictions & full T&Cs apply Full T&Cs
    • Enhanced Odds
    Review Claim Offer
  6. Bet £5 Get £30

    • User-friendly interface

    Bet £5 Get £30

    18+ New Customers only. Deposit, opt in and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only at odds 2.00 or greater, expires in 7 days.  Plus a £10 Game Show Bonus, selected games, wager 40x to withdraw a max of £250. T&Cs Apply. Please Gamble Responsibly. Full T&Cs
    • User-friendly interface
    Review Claim Offer
  7. Bet £10 Get £30 in free bets Credited As 2 x £15 Bets

    • Reliable Bookmaker

    Bet £10 Get £30 in free bets Credited As 2 x £15 Bets

    New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. Full T&Cs
    • Reliable Bookmaker
    Review Claim Offer
  8. Bet £10, Get £20 In Free Bets

    • Plethora of betting options

    Bet £10, Get £20 In Free Bets

    New members. £10 min deposit & bet on sportsbook, placed & settled at 1.5 min odds within 14 days of sign-up. Win part of E/W bets. 2 non-withdrawable £10 Free Bet Tokens: accept in 7 days, valid for 7 days from acceptance (ex. E/Ws & Multiples), stakes not returned. Click here for Rules & Exclusions. Bet Responsibly. BeGambleAware.org Full T&Cs
    • Plethora of betting options
    Review Claim Offer
  9. BET £5 GET £20 IN FREE BETS

    • Always outstanding promotions
    • Reliable bookmaker for all

    BET £5 GET £20 IN FREE BETS

    18+ New UK+IRE customers only. Paypal and certain deposit types and bet types excluded. Min £5 bet within 14 days of account reg at min odds1/2=4x£5 free bets. Free bets valid for 7 days on sports stake not returned, restrictions apply. T&C apply, begambleaware.org. Full T&Cs
    • Always outstanding promotions
    • Reliable bookmaker for all
    Review Claim Offer
  10. GET £50 IN FREE BETS

    • Professional customer service

    GET £50 IN FREE BETS

    New customers only. Place the 5 specified bets to earn Free Bets. Each leg must have minimum odds of 1.8 (4/5). Applies to bets on sport only. Valid once per customer. Free Bet valid for 7 days. Free Bet max winnings is 20x Free Bet stake. Offer valid for 30 days after registration with SportNation. Full T&Cs
    • Professional customer service
    Review Claim Offer

Euro 2020 Favourites: FAQs

We’ve put together a list of the most commonly asked questions when it comes to betting on Euro 2020. If you can’t find an answer to your question, try and reach out to the bookie’s customer support. Either email, call or use the live chat feature to connect to a friendly representative to solve your issue quickly.

What are Euro 2020 betting markets?

Betting markets are simply another term for types of different bets. The most popular markets for the Euro 2020 tournament consist of the top goal scorer, outright winners and group stage winners.

When should I bet on Euro 2020 favourites?

Bookmakers are already offering Euro 2020 betting markets and will continue to do so until the end of the competition on the 11th of July 2021. It’s worth noting that the sooner you place a bet, the better the odds on offer. The odds are subject to change because of results and team performances.

Which outsiders should I keep an eye on for Euro 2020?

After an unusually poor spell, the Netherlands seem to look like their old selves again and are definitely worth your consideration. Another option is also the defending champions, Portugal, a team which many seem to have forgotten about. Further squads to keep your eye on this Euro 2020 tournament include Russia, Italy and Spain.

How are the Euro 2020 favourites determined?

Bookmakers determine the odds for teams and individual players by concentrating on several factors. First, bookies look at the recent form of the team and also which players make up the squad. As the competition continues, you’ll notice the odds changing depending on results.

Why was Euro 2020 postponed?

Euro 2020 has been postponed till 2021 because of the COVID global pandemic. The tournament is now set to start on the 11th of June 2021, with the final held on the 11th of July 2021.