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Euro 2020 winner odds: Leading contenders for outright glory

| 10.06.2021

Guide to the favourites in the outright betting

The European Championship is finally about to begin after a 12-month delay and seven teams are less than 10/1 to go all the way and be crowned continental champions.

Here we assess their chances and their Euro 2020 winner odds in the outright betting.


France are now the outright favourites in the Euro 2020 winner odds at 4/1 and certainly have better pedigree than England. The world champions are widely fancied to add to the global title they won in Russia three years ago despite being drawn in the most difficult group along with Germany and Portugal.

They cannot afford a slow start but in Kylian Mbappe, Antoine Griezmann and Paul Pogba, they have some of the potential stars of the tournament while the defence will be well protected by N’Golo Kante.


The Three Lions have failed to win a tournament since the 1966 World Cup on home soil but they effectively have home advantage this year too so will hope to capitalise and are available at 5/1.

Gareth Southgate’s penalty miss proved costly in the Euro 96 semi-finals so he will be desperate to make amends and guided England to the last four of the 2018 World Cup. Having so many players featuring in the Champions League and Europa League finals was a headache he could have done without, though.


Many of Belgium’s players have shone in the Premier League and this looks their best chance yet to land a first major trophy.

They are third in the betting at 13/2 but top of the world rankings and a relatively easy group should give them time to get going. Kevin De Bruyne’s injury in the Champions League final is a setback and he may miss the opening game but Romelu Lukaku is in fine form after helping Inter land the Serie A title. Eden Hazard staying fit could make the difference.


Roberto Mancini, Italy

Italy missed out on qualifying for the last World Cup but Roberto Mancini’s men made no mistake for Euro 2020 as they were one of two teams to book their place with a perfect record and the Azzurri are 7/1 for a first European title since 1968.

A favourable group draw means they should progress to the knockout stage with little fuss, especially with all three of their matches being held in Rome. Inter midfielder Nicolo Barella will be key to their chances and Italy could be dark horses to go one better than 2000 and 2012 when they were beaten finalists.


Spain are no longer the dominant force in world football, hence their 8/1 odds, and their defeat by Russia at the last World Cup was a major disappointment.

They were unbeaten in qualifying, though, and there is less pressure on a young squad to add to the European titles won in 2008 and 2012. Coach Luis Enrique will hope a lack of experience does not prove costly after leaving out Sergio Ramos, with no Real Madrid players making the squad.


Germany stuck with Joachim Low as coach despite their World Cup 2018 flop when they finished bottom of the group. He is leaving the role regardless of how they perform here and will be determined to go out on a high.

Thomas Muller and Mats Hummels have been recalled to the squad but November’s 6-0 thrashing by Spain and a home defeat by North Macedonia in March were a worry, especially with the 8/1 shots being drawn in the ‘group of death’.


Cristiano Ronaldo, Portugal

Holders Portugal are 9/1 to defend their European title and any team with Cristiano Ronaldo in it is a threat but there is a sense they are no longer as reliant on the Juventus man as they once were.

There is lots more star talent on show with the likes of Bruno Fernandes, Joao Felix and Bernardo Silva providing plenty of creativity while a defence containing Manchester City duo Ruben Dias and Joao Cancelo looks hard to break down.

View the latest Euro 2020 winner odds

All odds and markets correct as of date of publication



Andrew McDermott

Andrew is a sports betting content journalist at PA Media. He is a lifelong Huddersfield Town fan but when he isn't reminiscing about their Premier League days he is also a junior cricket coach and enjoys cycling.