Spain spanked Italy 4-0 in the final of the 2012 Euro Cup, and is now the two-time defending European Champion as well as the reigning World Cup champion. Despite all that, bookmakers still have Brazil, the host nation, as the favorite to win the 2014 World Cup.
WilliamHill.com lists Brazil at +275, with Argentina and Spain second at +550. No European team has ever won the World Cup staged outside of Europe and host countries have won the World Cup six times.
Still, Spain is clearly the best team in the world right now.
Here’s a look at the odds to win the 2014 World Cup from the top contenders: