The European Championship often delivers nail-biting entertainment and unpredictable results. We take a look at the 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?

We have the latest odds for the top teams below:

  • Spain – 7/2
  • Italy – 7/2
  • Belgium – 11/2
  • England – 4/1
  • Germany – 7/1
  • Denmark – 9/1

*Odds valid [29/6/2021]. All odds subject to change.

To get more information on the Euro 2020 favourites we’ve looked at the odds provided at major sports betting sites. Popular bookies have all selected England as one of 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 2021.

We have a complete list of countries including odds from different bookies below and if you’re looking at multiple teams, why not try our accumulator calculator to check the odds.

We’ve put together our own Euro 2020 predictions too. Our experts have identified the top bookmakers. 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. You can also check out our selection of top Euro 2020 offers.

England

The England side looked strong in qualifying 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 one of the top positions as Euro 2020 favourites.

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 long shot. Teams such as Italy feature lower down on the likely winner’s list but still have what it takes to win the tournament.

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 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 and Kylian Mbappé.

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. Bet £10 get £30 in free bets (H30)

    • Reliable Bookmaker

    Bet £10 get £30 in free bets (H30)

    18+. Play Safe. 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
  2. Bet £10 Get £40 free bets

    • Great Loyalty program

    Bet £10 Get £40 free bets

    18+ UK only. Bets placed and settled between 20/09/21 – 03/10/21. Promo code BETFRED40, deposit and place first bet of £10 on Sports (Evens+) in one bet transaction. £40 in Free Bets credited within 10 hours of settlement, 7-day expiry. E-Wallet & Prepaid Card restrictions apply. Full T&Cs Apply. Full T&Cs
    • Great Loyalty program
    Review Claim Offer
  3. Bet £10 Get £30 in Free Bets

    Bet £10 Get £30 in Free Bets

    New users only. Place qual bets of £10 (min odds 1/2, 2+ legs) in 1st 7 days to unlock. Awarded as 3 x £10 free bet. Min odds 1/1, 3+ legs, + 7 day expiry. Winnings in cash. Full T&Cs Apply. Full T&Cs
  4. 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
  5. 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
  6. Bet £10 Get £20

    • Original betting offers

    Bet £10 Get £20

    New customers only, min deposit and bet £10 (£20 if E/W bet) from UK Debit card only. Paypal not accepted. Min odds evens (1/5 per multi selection). 2 x £10 Free Bets valid for 7 days, stake not returned, no cash out. T&Cs apply. Full T&Cs
    • Original betting offers
    Review Claim Offer
  7. BET £10 GET £30 IN Free Bets + £10 Casino Bonus

    • Enhanced Odds

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

    • 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 (1.50) • Free Bets credited upon qualifying bet settlement and expire after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager the bonus amount 40 times within 14 days • Casino Bonus expires after 60 days • Withdrawal restrictions, payment methods, country & full T&Cs apply Full T&Cs
    • Enhanced Odds
    Review Claim Offer
  8. 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
  9. GET £20 IN FREE BETS WHEN YOU BET £5

    • Reliable bookmaker for all

    GET £20 IN FREE BETS WHEN YOU BET £5

    18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cash-out, restrictions & T&Cs apply Full T&Cs
    • Reliable bookmaker for all
    Review Claim Offer
  10. £20 RISK FREE FIRST BET MONEY BACK AS CASH IF IT LOSES PLUS GET A £5 FREE BET TO USE ON A BET BUILDER

    • Horse Racing Specialist

    £20 RISK FREE FIRST BET MONEY BACK AS CASH IF IT LOSES PLUS GET A £5 FREE BET TO USE ON A BET BUILDER

    New customers only. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund is £20. Only deposits made using Cards or Apple Pay will qualify. £5 Bet Builder free bet will be available to claim from the promotions hub after the qualifying bet has been settled & will be valid for 7 days. T&Cs apply. Full T&Cs
    • Horse Racing Specialist
    Review Claim Offer
  11. GET UP TO £100 IN FREE BETS

    • Great Odds & Cash Out feature

    GET UP TO £100 IN FREE BETS

    • Get up to £100 in free bets.
    New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. Payment restrictions apply. T&Cs apply. Full T&Cs
    • Great Odds & Cash Out feature
    Review Claim Offer
  12. Bet £5 Get £30

    • User-friendly interface

    Bet £5 Get £30

    18+ new customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply. begambleaware.org | Please gamble responsibly Full T&Cs
    • User-friendly interface
    Review Claim Offer
  13. BET £10 GET £20 IN FREE BETS - MOBILE ONLY

    • Diversified Welcome Offer

    BET £10 GET £20 IN FREE BETS - MOBILE ONLY

    *New UK customers (Excluding NI) only. Mobile exclusive. Min stake £10. Min odds Evs. Free bet applied on 1st settlement of any qualifying bet. 30 days to qualify. Free bets expire in 7 days. Cashed out/Free Bets won’t apply. Payment method restrictions. 1 Free Bet offer per customer, household & IP Address only. 18+. T&Cs apply Full T&Cs
    • Diversified Welcome Offer
    Review Claim Offer
  14. DEPOSIT £20 EARN A £20 FREE BET

    • Competitive Odds

    DEPOSIT £20 EARN A £20 FREE BET

    New Customer Offer - Open to new accounts only. Deposit £20 and turnover your deposit five (5) times on the Sportsbook - trebles and accumulators (with three or more selections only), minimum odds each selection 1/2 (1.50) - and you’ll receive a £20 Free Bet. Additional deposits may be required in order to fulfil the turnover conditions, which must be met within 90 days of depositing. Bets placed using Free Bets or Bonus funds, or bets that have been Cashed Out, do not count towards turnover requirements. The Free Bet will expire seven days after being credited and can only be placed as a win only single bet on the Sportsbook. Free Bet stake not included in returns. Full T&Cs
    • Competitive Odds
    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 2021. 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 2021 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.