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How the public is betting Euro 2020 winner heading into knockout round

France is still the favorite to win the competition, but Italy is now receiving most of the money in futures odds.

Italy Training Session And Press Conference
Lorenzo Insigne of Italy in action during the Italy training session at Centro Tecnico Federale di Coverciano on June 24, 2021 in Florence, Italy.
Photo by Claudio Villa/Getty Images

Euro 2020 officially moves into the knockout stage June 26 when Italy, Wales, Austria and Denmark kick off the Round of 16. Here’s a look at updated Euro title odds and how the public is betting on those odds.

After a strong performance in the group stage, Italy is receiving most of the money in the latest breakdown according to DraftKings Sportsbook. France, which is still the favorite at +420, is getting slightly more bets at 20 percent. Italy’s stock has gone up since the start of the tournament. The Azzurri were +800 to win Euro 2020 at the start of the tournament.

Belgium has seen its chances go down slightly from +750 to +950, likely due to being in the same side of the knockout bracket as Italy and France. Bettors aren’t as phased as oddsmakers with 17 percent of all wagers taking Belgium to win the title. England and Germany round out the top five in terms of handle and number of bets. Both play each other in the Round of 16.

At +900, Netherlands offers great value based on group stage performance and potential path to the final. The Dutch will only have to play one of England/Germany, which would come in the semifinal match. Netherlands would then only face one of Italy/France/Belgium in a hypothetical final. Only five percent of bets and two percent of the money is backing Netherlands at the moment, meaning prospective bettors could still get good odds before the line changes due to additional action.

Euro 2020 championship odds

Italy (+600): 33% handle, 18% bets
France (+420): 19% handle, 20% bets
England (+650): 18% handle, 10% bets
Belgium (+950): 11% handle, 17% bets
Germany (+700): 6% handle, 8% bets
Portugal (+1200): 5% handle, 7% bets
Netherlands (+900): 2% handle, 5% bets
Spain (+850): 2% handle, 2% bets
Denmark (+2000): 1% handle, 2% bets
Croatia (+6000): 1% handle, 2% bets

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