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Euro 2021 Winner Odds

Track the development of Euro 2021 winner odds with our historical trend data. Get the latest odds and see how they change as the tournament approaches.

Euro 2021 is underway and betting interest is high as the best teams in Europe compete to be crowned continental champions. Our Euro 2021 odds page offers the latest odds and a detailed odds history, showing how each participant’s chances have been rated by the bookies since the start of April 2021.


We also track the following betting markets – take a look to see current odds and trends over time:


Euro 2020 Winner – Latest Developments on Odds & Favourites:

  • 11th July – All markets are closed following Italy’s victory over England in the final.
  • 8th – England are once again the bookie’s favourites with an implied probability of 55.52% following their momentous semi-final win against Denmark. Fellow finalists, Italy, see their odds slip to 50.21%.
  • 7th July – Italy beat Spain in a classic semi-final clash at Wembley to reach their first major final in nine years. The Azzuri return to their status as tournaments favourites with an implied probability of 54.46%.
  • 5th July – England make a return as tournament favourites after their resounding 4-0 quarter-final win over Ukraine. Denmark see a slight pick up in their odds following their 2-1 win over the Czech Republic, but there is still a yawning chasm of 30.84% between them and their semi-final opponents, England.
  • 3rd July – Spain progress to the semi-finals after a hard-fought win against Switzerland; their implied probability increases to 28.58%. Italy become favourites to lift the trophy for the first time after their 2-1 win over Belgium gives them an implied probability of 33.13%.
  • 30th June – England’s historic win over Germany sees them shoot back into pole position with an implied probability of 33.7%. Ukraine beat Sweden to reach their first-ever Euros quarter-finals, but they are still the least favoured team of the remaining eight with an implied probability of just 2.99%.
  • 29th June – A crazy set of results sees the favourites, France, dumped out by Switzerland following a dramatic penalty shootout. They will face Spain in the quarter-finals who are now the outright favourites after they beat Croatia 5-3 in extra time. The implied probability of Luis Enrique’s side claiming a fourth European crown shoot up from 12.25% to 23.52%.
  • 28th June – Denmark surge from 5.05% to 9.12% after thumping Wales 4-0 in their last 16 tie. Italy move from 14.77% to 17.22% after beating Austria 2-0; they will face Belgium in the quarter-finals who beat reigning champions Portugal 1-0. The Czech Republic delivered the shock of the tournament so far after beating the Netherlands. They see their odds move up from 1.36% to 3.83%.
  • 24th June – England move up to third-favourite after they beat the Czech Republic to top Group D. France’s odds slipped to 20.37%, but they remain firm favourites to lift the trophy. The Netherlands and Spain both see their odds rise following favourable last 16 draws against the Czech Republic and Croatia, respectively. Germany and Belgium both see their odds fall after being drawn against England and Portugal, respectively.
  • 22nd June – Rank outsiders Denmark see their odds surge slightly to 4.42% after they dramatically beat Russia 4-1 in Copenhagen to qualify for the last 16.
    21st June
     – England’s odds of tournament victory plummet to 11.99% following their dismal 0-0 draw with Scotland. Germany, however, are now third-favourites after their emphatic 4-2 victory against Portugal. Portugal slip to 9.94%, while France’s see little change despite their disappointing draw against Hungary.
  • 18th June – The Netherlands’ odds improve slightly, rising to 7.49% following their 2-0 victory over Austria.
  • 17th June – Italy are the first to qualify for the last 16 and surge into third-favourites following their emphatic 3-0 victory over Switzerland.
  • 16th June – France’s captivating 1-0 victory against Germany sees them consolidate their position as tournament favourites, moving to 22.13%, while Germany drop to 8.63%. Portugal’s had-fought 3-0 win against Hungary means their odds improve slightly too, now sitting at 12.27%.
  • 15th June – Spain’s odds dip slightly to 10.75% following their disappointing 0-0 draw to Sweden.
  • 14th June – England’s probability of tournament glory drops 1.62% despite beating Croatia in their opening fixture. Italy surge into fourth favourites with a combined probability of 12.92% following their convincing 3-0 victory over Turkey on Friday night.
  • 7th June – With the tournament less than a week away, odds largely remain the same, however, bookies shorten odds on Italy after extending their winning streak that dates back to 2018.
  • 1st June – As squads are announced for the tournament, France and England are the bookies’ favourites. Belgium come in just below, with bookies shortening their odds after Kevin de Bruyne sustained facial fractures in the Champions League final.
  • 24th May – Following the announcement of Karim Benzema’s return to the French national side, France overtake England as outright favourites. Didier Deschamps’ men now hold a 17.68% chance of being crowned champions compared to England’s 16.71%.

Current odds to win Euro 2021:

Team Fractional odds American odds
England
6/4 +150
Italy
9/4 +225
Spain
11/4 +275
Denmark
9/1 +900

Above odds sourced via bet365 and updated 06/07/2021


About the data

We monitor trends in odds on key markets of interest by tracking a range of UK and international bookmakers. The update frequency varies, but is clearly shown on all our tables and charts. After fetching odds direct from bookies, we convert them to implied probability to make them easier to manage (read more on implied probability and converting from fractional to % probability). We then take the mean average implied probability to get a consensus view across the betting industry. This average implied probability is what we show on our charts and tables.

Euro 2021 Odds

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Previous UEFA European Championship Winners:

Team Winner Runner Up
2016
Portugal France
2012
Spain Italy
2008
Spain Germany
2004
Greece Portugal
2000
France Italy
1996
Germany Czech Republic
1992
Denmark Germany
1988
Netherlands Soviet Union
1984
France Spain
1980
West Germany Belgium

Group A

Team Manager Captain Qualifying Top Scorer
Italy
Roberto Mancini Giorgio Chiellini Andrea Belotti
Switzerland
Vladimir Petkovic Granit Xhaka Cedric Itten
Turkey
Senol Gunes Burak Yilmaz Cenk Tosun
Wales
Rob Page Gareth Bale Gareth Bale + 2 others

Group B

Team Manager Captain Qualifying Top Scorer
Belgium
Roberto Martinez Eden Hazard Romelu Lukaku
Denmark
Kasper Hjulmand Simon Kjaer Christian Eriksen
Finland
Markku Kanerva Tim Sparv Teemu Pukki
Russia
Stanislav Cherchesov Artem Dzyuba Artem Dzyuba

Group C

Team Manager Captain Qualifying Top Scorer
Austria
Franco Foda Julian Baumgartlinger Marko Arnautovic
Netherlands
Frank De Boer Gini Wijnaldum Gini Wijnaldum
North Macedonia
Igor Angelovski Goran Pandev Eljif Elmas
Ukraine
Andriy Shevchenko Andriy Pyatov Roman Yaremchuk

Group D

Team Manager Captain Qualifying Top Scorer
Croatia
Zlatko Dalic Luka Modric Bruno Petkovic
Czech Republic
Jaroslav Silhavy Vladimir Darida Patrik Schick
England
Gareth Southgate Harry Kane Harry Kane
Scotland
Steve Clarke Andy Robertson John McGinn

Group E

Team Manager Captain Qualifying Top Scorer
Poland
Paulo Sousa Robert Lewandowski Robert Lewandowski
Slovakia
Stefan Tarkovic Marek Hamsik Marek Hamsik + 2 others
Spain
Luis Enrique Sergio Busquets Alvaro Morata + 2 others
Sweden
Janne Andersson Andreas Granqvist Robin Quaison

Group F

Team Manager Captain Qualifying Top Scorer
France
Didier Deschamps Hugo Lloris Olivier Giroud
Germany
Joachim Low Manuel Neuer Serge Gnabry
Hungary
Marco Rossi Adam Szalai Willi Orban
Portugal
Fernando Santos Cristiano Ronaldo Cristiano Ronaldo

The people behind this page

Compare.bet's online gambling content experts helped write, edit and check this page:

Daniel is the editor-in-chief at Compare.bet. He has half a decade of experience writing on topics including sports betting, online casino and the NBA. Daniel also covers Premier League football for The Warm-Up and has interviewed Louis Saha, Richard Dunne and Gary Pallister. In his spare time, Daniel enjoys film photography and making Spotify playlists.