Favourites to Win Euro 2020, Betting Odds, Markets and Scorers

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The next major international football championships draw ever nearer and sports bettors begin to think about the favourites to win Euro 2020. This article explains the betting in detail, looking at the Euro 2020 outright betting as well as top goal scorers and group winners.

Who are the favourites for Euro 2020 and should they be backed or opposed? We’ll tell you everything you need to know.

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Euro 2020 Outright Betting: Favourites

Bookmakers have made their feelings known on the tournament and have drawn up a list of the favourites. Do you agree or are you looking to take on one of the front runners with a big price underdog capable of upsetting the Euro 2020 favourites odds?

France – former world cup winners – dominate the list at present, sitting one place ahead of England. Both teams edged through qualifying and weren’t nearly as impressive of

Belgium who looks a much better bet. You’ll also find generous odds attached to other giants of European football.

Check out the comparative Euro 2020 favourites odds table located below. This acts as a quick guide to the latest betting odds available on your team of choice as well as listing the favourites to win Euro 2020. Keep this Euro 2020 favourites list close during the build-up.

Top 3 Favourites to Win Euro 2020: Predictions

Take a look at the top 3 favourites to win Euro 2020. Keep in mind that this is a list based on our analysis and opinion.

Favourites to win Euro 2020: England

Gareth Southgate’s team impressed during the early exchanges of qualifying but hit a wobble down the home straight and were made to work for their place in the end. The squad is packed with attacking talent, but the jury remains out on the defence.

That backline must tighten up if England is to live up to their billing as one of the favourites. England to win the Euro title certainly wouldn’t rate as a major upset.

Favourites to win Euro 2020: Spain

Spain to win Euro 2020? The Red Fury swaggered through qualifying and confirmed their place at Euro 2020 long before most of their main rivals. Is this the year Spain return to their former best and show us exactly why they set the pace for many years?

The team looks extra special, they are playing as a unit and grinding out results. One of the favourites sure to light up this competition. When deciding to bet on favourites Euro 2020, Spain should feature in your thinking.

Favourites to win Euro 2020 Belgium

There can be no questions over the fact Belgium was the most impressive of the favourites to win during qualifying. They hammered the likes of Scotland, Cyprus and Russia, scoring goals for fun and keeping clean sheets at the other end.

There’s plenty of promise with this young squad and they look capable of proving their backers to be shrewd. Worth a second look at the Euro 2020 final odds. Belgium to win Euro 2020 is a fair shout.

Euro 2020 Dark Horses

Euro 2020 bet on favourites, trusting your cash to one of the leaders listed above or take a chance on an outsider with a bigger price attached.

There’s more risk involved here, according to the bookies, but past championships prove the betting doesn’t always get it right.


They were involved in a battle with Germany and Northern Ireland in Euro 2020 qualifying Group C to make the tournament proper and have been absent from the last few international competitions.

Holland is in a transitional period with a lot of uncertainty hanging over their future, but they certainly appear to have the squad capable of clawing their way back to the big time.


The Italians were simply superb during qualifying, winning each of their first eight games and were one of the first nations to confirm their attendance at Euro 2020. It is, therefore, a surprise to learn they are not one of the early favourites and have a few teams ahead of them in the betting who stumbled through the qualifiers.

A solid, well organised and experienced outfit.


It was also a real surprise to see Portugal ranked as the seventh most likely team to win Euro 2020 and it’s difficult to make sense of that call. They are former champions and, in Cristiano Ronaldo, have a player who can turn games in their favour.

If you are a lover of the value and a plucky underdog, you could do a lot worse than have your stake down on Portugal, that’s for sure. They deserve to be one of the favourites to win.

Other Types of Euro 2020 Favourites

You don’t necessarily have to back the outright champion of Euro 2020 to turn a profit from the summer festival of football. You can play one of the other types of Euro 2020 favourites, such as any of the following. You’ll have to wait until the final line-up is confirmed to bet on these markets.

The closer we get to the start the more will be available.

Euro 2020 Group winner favourites

When each of the Euro 2020 groups has been drawn, bookmakers will instantly go up with their prices on the Euro 2020 group winner favourites. Back your team to win their group as a super single or throw a few together to create a punchy accumulator.

Here you are aiming to predict the team that will finish their pool with most points after three games.

Euro 2020 top scorer favourites

This bet is sure to be extremely popular with punters, especially those on the lookout for a big price winner. The Euro 2020 top scorer favourites will be an interesting mix of the biggest names present at the tournament. This includes those who performed well during the qualifiers, scoring plenty of goals.

Do your research when placing a top goalscorer bet. Take into consideration club form, qualifying form, form at past championships and even how easy a player’s group matches are expected to be.

Best Sites to Bet on Favourites to Win Euro 2020

Below you’ll find a table that will come in very useful when preparing your Euro 2020 bets. There’s a list of bookmakers as well as their welcome bonus, key terms and conditions and a link to register.

The latter can be done at the click of a button and will earn you a welcome bonus. These include free bets and risk-free bets.

Bet on Euro 2020 Favourites: FAQ

Below is a list of frequently asked questions concerning the favourites to win Euro 2020 and the many betting markets, promotions, special offers and prices available. It acts as a quick guide to everything you need to know.

It should also save readers the hassle of contacting the customer services team of their chosen bookmaker when they have a question or query needing an answer.

What are the Euro 2020 betting markets?

Euro 2020 betting markets are the different ways you can bet on the competition. These include outright winner, top goal scorer, to win the group, to qualify from the group. There’s also a market to make the final, stage of elimination, player of the tournament, man of the match for the final and plenty more besides.

What’s your final tip or preferred market?

When should I bet on Euro 2020 favourites?

Belgium looks to have been overpriced but you should pick the team and price that best suits your needs. Do as much research as possible before getting your stake money down.

Remember, there are many different markets available so there could be a better way to back your team than trusting them to lift the trophy.

Should I bet on the favourites or the outsiders?

European Championships stats prove time and again that backing the favourites isn’t necessarily a shortcut to making a profit. Bookmakers often get it wrong on the big occasion.

If you want to maximise your chances of landing a profit you could back a favourite at short odds and have another bet for smaller stakes on an outsider with a bigger price attached.

Which previous years’ outsiders should I keep an eye on for Euro 2020?

England is often further down the pecking order than they are for Euro 2020, but their recent form and the current squad has forced traders to cut their odds on The Three Lions ending their wait for glory. Belgium is also an improving side and Portugal look to be a much bigger price than they should be, given just how good they’ve been in recent years.

Don’t be put off by a big price when betting on Euro 2020 as large odds doesn’t mean a team can’t go on and win the title. Everyone who qualifies is there on merit and have an equal chance going into game one of winning.

How are the Euro 2020 favourites determined?

Favourites to win Euro 2020 are determined by the trading teams at individual bookmakers. The prices attached to reflect the chances of each team winning the title, according to bookies.
This is done by researching form in qualifying, players, past championships, injury news, manager capabilities and young players coming through.

Much thought goes into creating the Euro 2020 favourites, but it should be remembered the Euro 2020 favourites odds are purely the opinion of traders. There’s no reason why a big price outsider can’t win Euro 2020 and nothing to protect a favourite from going out in the group stages.

What types of bets exist for Euro 2020?

There are many ways to bet on Euro 2020, from predicting the outright winner to picking a player to win the golden boot and finish the competition as top goal scorer. Below are some of the more popular options. Plenty more exist and will become available closer to the start of the competition.

Bet on qualifying – backing a team to qualify for Euro 2020, either as group winners, through the play-offs or coming in via the UEFA Nations League route. It doesn’t matter how a team qualifies for Euro 2020 when making this bet, as long as they make the final line-up.

Bet on top goal scorer Euro 2020 – bet on a player to score more goals than any other during Euro 2020. If your pick does so, your bet will be paid out as a winner. Please be aware, there’s the chance of a dead heat between any number of players in this market and your winnings will be reduced accordingly.

Bet on the final – pick the two sides that will play in the Euro 2020 final. This is a much tougher task than simply backing the winner, but the odds make it well worth the risk. It could be England v Germany, for example. The score in the final doesn’t matter to your bet.

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