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Italy is now the No. 2 favorite to win Euro 2020.
BetMGM has reset the odds for the tournament now that the knockout stages are set to begin. France opened the tournament as the favorite and that hasn’t changed a bit. The defending World Cup champions are at +375 to win the tournament. Over 21% of the tickets have been placed on France and 33.2% of the handle — the amount of money wagered on teams to win the tournament — is also on France.
Italy has moved to +550 to win the tournament from +1200 at the start. The Italians are the second-most bet team at 17.1% and just under 17% of the handle is on Italy to win. Italy’s status as No. 2 favorite has been bolstered by their strong performance in the group stage. Italy won its combined three group stage games by a total of 7-0 on the way to all nine points possible.
Italy plays Austria on Saturday in the Round of 16 and would play the winner of the game between Belgium (+900) and Portugal (+1250) in the quarterfinals with a win. Belgium is the third-most bet team at BetMGM.
England is the No. 3 favorite and faces the No. 4 favorite in the Round of 16 on Tuesday. England and Germany (+700) meet each other to advance to the quarterfinals and have good odds because of an easy draw on their side of the bracket. The Netherlands is the toughest team on that side and will likely meet the winner of that England-Germany game in the semifinals.
Here’s a complete list of the odds of the 16 remaining teams
Updated Euro 2020 odds
France, +375 (+550 at open)
Italy, +550 (+1200)
England, +650 (+500)
Germany, +700 (+800)
Spain, +800 (+700)
Netherlands, +900 (+900)
Belgium, +900 (+550)
Portugal, +1250 (+1000)
Denmark, +1800 (+8000)
Sweden, +5000 (+10000)
Croatia, +5000 (+3300)
Wales, +8000 (+10000)
Austria, +10000 (+10000)
Ukraine, +10000 (+8000)
Switzerland, +10000 (+10000)
Austria, +10000 (+10000)
Czech Republic, +10000 (+15000)
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