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Round of 16 opening odds for Euro 2021 knockout stage

Italy, Wales, Austria and Denmark kick off the Round of 16 at the European Championship.

Italy Training Session And Press Conference
Ciro Immobile of Italy gestures during a Italy training session at Centro Tecnico Federale di Coverciano on June 22, 2021 in Florence, Italy.
Photo by Claudio Villa/Getty Images

The Euro 2020 knockout stage gets underway this Saturday and kicks off with Wales facing Denmark and Italy taking on Austria. Denmark made a late push in the final group stage match to qualify for the knockout round while Austria beat Ukraine 1-0 to secure its spot in the bracket. Italy won the group comfortably and Wales did enough in three matches to remain in second despite losing to the Azzurri in the final game.

The rest of the field is being settled on Wednesday, at which point we’ll know all 16 teams advancing to the knockout stage and who they will face in the Round of 16. Here are the odds for the first two games of the knockout round, and we’ll add more as matchups are settled.

Opening odds, Round of 16

Wales vs. Denmark

Wales: +430
Tie: +220
Denmark: -118

Denmark is favored, but Wales is good value at +450. Gareth Bale is showing why he’s still one of the top talents in the world and Aaron Ramsey is taking charge in the midfield. Denmark may be past its early struggles after Christian Eriksen’s collapse, but still only has one win in the last three contests. -118 seems to be too big a margin to favor the Danes.

Italy vs. Austria

Italy: -195
Tie: +295
Austria: +650

Italy has raced past everyone in the group stage so far, showing why it is considered one of the favorites in the tournament. Austria has a solid back line with David Alaba and Stefan Lainer, but the Italians are rightfully favored here at -195.

Netherlands vs. Czech Republic

Netherlands: -150
Tie: +285
Czech Republic: +450

Netherlands is unsurprisingly favored to win this one after they cruised through the group stage with three straight victories, winning Group C in the process. Georginio Wijnaldum led the way with three goals while Memphis Depay added two goals and two assists of his own. That’s not to say Czech Republic are already down and out before it even starts, though. They finished the group stage with a 2-0 win, a 1-1 draw, and a narrow 1-0 loss against England, and should put up a fight against the Dutch even though they’re the clear underdogs. Patrik Schick finished the group stage with three goals, including one absolute world-class wonder goal in the opening match.

Croatia vs. Spain

Croatia: +400
Tie: +275
Spain: -143

No surprise here that Spain are the favorites to win over Croatia, especially after their 5-0 shellacking of Slovakia in their third and final group stage match. Spain finished in second place, just two points behind Sweden and will take on the second-place team from Group D which ended up Croatia. The Croatians finished the group stage 1-1-1, winning their third and final match with a 3-1 scoreline over Scotland, just barely edging out Czech Republic on a tiebreaker. Luka Modric and his squad will look to upset the Spanish giants despite the odds being stacked against them.

England vs. Germany

England: +155
Tie: +215
Germany: +205

England fared better in their group standings than Germany did, but then again England wasn’t drawn into the group of death, either. Three Lions finished top of Group D, logging wins over both Croatia and Czech Republic while ending their match against Scotland in a scoreless draw, scoring only two goals through three games. Germany finished second in Group F, narrowly escaping elimination at the hands of Hungary before they found a late game equalizer. They were able to take down Portugal 4-2 in their second game after opening the group campaign with a 1-0 loss to France. Now these two sides will face off against each other in the Round of 16, and while England is only slightly favored here at +155 to Germany’s +205, I would argue it could be flipped as Germany definitely has the talent to move on. This game could easily go either way, and will be an exciting affair to watch.

Belgium vs. Portugal

Belgium: +120
Tie: +245
Portugal: +240

Portugal, after escaping Group F in third place, will have to take on a very good Belgium side who went 3-0-0 in Group B, locking up the top spot without much trouble. Belgium only allowed one goal through three games — their 2-1 win over Denmark — while scoring seven of their own. Romelu Lukaku was a standout as he notched three goals for the Red Devils while several other players added one each. Portugal also totaled seven goals through the group stage, with Cristiano Ronaldo leading the way with an impressive five. Belgium is favored to win at +120, and I think that’s the right call, but Ronaldo and the Portugal squad could be poised for an upset.

France vs. Switzerland

France: -195
Tie: +290
Switzerland: +675

The reigning World Cup champs are riding high after finishing first in Group F. Karim Benzema led the way with two goals as Kylian Mbappe surprisingly didn’t get even one. They’re heavily favored to beat Switzerland at -195 — and rightfully so — as the Swiss sneaked through in the Group A’s third-place spot. Switzerland has some big players in Kevin Mbabu and Xherdan Shaqiri, but France is the obvious choice for the win here.

Sweden vs. Ukraine

Sweden: +125
Tie: +220
Ukraine: +255

Sweden finished at the top of Group E thanks to a stoppage time goal from Viktor Claesson in their third and final group stage game, giving them a 3-2 win over Poland. Striker Emil Forsberg scored the other three goals in the opening stage while their defense was able to keep two clean sheets including a scoreless draw with Spain. While Ukraine didn’t fare too well, they slipped through with the third place spot in Group C thanks to the three points they collected from North Macedonia in a 2-1 win. They lost their other two outings, and honestly their +255 odds to win don’t seem low enough, as Sweden (+125) should definitely be expected to win this contest.

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