UEFA Euro 2024 Odds: England Do Themselves No Favors, France and Germany Still Lead

Euro 2024 officially got underway on Friday and there has been a bit of line movement after the first few days of action. Germany were the first team to secure passage into the knockout round, and England have slipped into third.

AJ Salah - Publishing Editor/Writer at Covers.com
AJ Salah • Publishing Editor
Jun 21, 2024 • 17:38 ET • 4 min read
Harry Kane England Euro 2024
Photo By - USA TODAY Sports

The wait for Euro 2024 has been worth it so far, with plenty of dramatic finishes

Still on the hunt for their first European Trophy, England have dropped to third on the Euro 2024 odds board after tying Denmark, while France remains the favorite after drawing to nil with the Netherlands on Friday.

The hosts, Germany, secured their spot in the knockout round Wednesday and are now tied with France as the favorite, while Spain is slotted into the Top 4 after their win over Italy. 

Odds to win UEFA Euro 2024

Team Betano
France France +400
Germany Germany +400
England England +500
Spain Spain +500
Portugal Portugal +600
Netherlands Netherlands +1,600
Italy Italy +1,900
Belgium Belgium +2,700
Denmark Denmark +4,900
Austria +4,900

Odds as of 6-21-24

Euro 2024 betting favorites

France (+400)

It should come as a surprise to nobody to see France listed as one of the betting favorites for Euro 2024. They are, after all, the World Cup runner-ups, losing a thrilling and heart-breaking Finals to a Lionel Messi-led Argentina. 

In the lead-up to Euro 2024, Les Bleus made quick work of a very straightforward qualifying group by collecting 22 out of a possible 24 points and scoring 29 goals in eight games while conceding only three. They did the double over the group's biggest challenge, the Netherlands, winning the home and away by a 6-1 margin. 

With Kylian Mbappe getting better by the day and a host of new blood being infused into this French lineup, this is one team no team will want to face before the Euro Finals on July 14. Just check out their 2024 Euro roster: 

However, despite finishing with an xG of 2.09, France collected three points via an Austrian own goal, and at times looked a bit out of sorts going forward. 

Their 0-0 draw with Netherlands on Friday didn't instill a ton of confidence, failing to convert on 15 shots while holding possession for two-thirds of the game. 

Germany (+400)

Once a powerhouse of International football, Germany has been mired in a slump that's not seen them win a major international tournament since the 2014 World Cup. 

While that may not seem like a long time, going through three different managers and producing terrible results will have the nation hitting the panic button at the first signs of trouble. 

Julian Nagelsmann will be the one to lead the hosts into Euro 2024 (and beyond), and without having to qualify for the tournament, the Germans are a dark horse. 

The Germans followed up a thrashing of Scotland with a convincing 2-0 win vs. Hungary which sealed passage through to the knockout round. 

England (+500)

Speaking of major tournament runner-ups, England were precisely that in Euro 2020 as they fell to Italy in penalty kicks. 

With England, every tournament is trophy or bust, and 2024 is no different. They have arguably one of the best in-form strikers in the world leading the line in Harry Kane, and one of the best young midfielders in the game in Jude Bellingham.

Take a look at the 26 players England has sent to Germany: 

England got through qualifying with one or two minor hiccups, finishing with 20 of a possible 24 points while conceding just four goals in eight games. 

England started off the tournament with a 1-0 victory over Serbia on Sunday, but saw their odds fall after tying with Denmark (+5,400). Is football really coming home? 

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Euro 2024 top scorer odds

The Euro top goals scorer odds for 2024 are sure to be a popular market. 

Player Betano
England Harry Kane +650
Germany Jamal Musiala +900
France Kylian Mbappe +900
Portugal Cristiano Ronaldo +900

Odds courtesy of Betano on 6-21-24

It should come as no surprise to see Kylian Mbappe and Harry Kane situated as the top two betting choices in this market. These are two world-class talents that can score goals on any day and are often time match winners for both club and country.

The general rule of thumb when betting on a market like this is to take players on teams you believe will go far in the tournament, thus adding games and opportunities to add to the goal tally. 

With France and England the co-favorites, Mbappe or Kane wouldn't be bad choices, but I believe there is plenty of value down the board with their teammates Antoine Griezmann and Bukayo Saka — two guys who will be in the starting XI and with goal-scoring pedigree. 

Euro 2024 group winner odds

Group Teams Betano
A Germany, Scotland, Hungary, Switzerland Germany -500
B Spain, Croatia, Italy, Albania OTB
C Slovenia, Denmark, Serbia, England England -556
D France, Netherlands, Austria, Poland France -200
E Belgium, Slovakia, Romania, Ukraine Romania +185
F Turkey, Portugal, Czech Republic, Georgia Portugal -330

Odds courtesy of Betano on 6-21-24

If waiting a month to cash a ticket is not your cup of tea, you can bet on every 2024 Euro group winner, which will be graded 10 days after the tournament starts. 

While World Cups tend to get more betting attention, European Cups are more competitive considering how the groups are formed. 

As such, you will see the tournament favorites as the odds on betting choices to top their group, with Group B — the group of death — opening with the smallest group winner odds. These numbers shift as play goes on, with France now owning tighter group odds despite being the overall tournament favorite.

Covers Euro Featured Match Challenge

Past UEFA European Championship winners

Year Winner Runner-Up
2020 Italy England
2016 Portugal France
2012 Spain Italy
2008 Spain Germany
2004 Greece Portugal
2000 France Italy
1996 Germany Czech Republic
1992 Denmark Germany
1988 Netherlands Soviet Union
1984 France Spain
1980 West Germany Belgium

How to bet Euro 2024 outright odds

Betting on the outright winner of Euro 2024 is an extremely popular futures betting option, and odds usually come out soon after the previous Euro winner is crowned. These odds will adjust based on how countries and players perform leading up to the tournament. Sportsbooks will also adjust the soccer odds based on handle and liability with certain nations.

Futures odds are displayed in list form, showing each option and its odds – most often ranked from best chances to win to worst. You will usually see a plus (+) sign in front of a team's futures odds, like this:

  • England +500

This means that on a $100 bet, you would stand to win $500 if England won Euro 2024. As we get closer to the Euro final or if one team has been extremely dominant, you might see a country with a minus sign (-) ahead of its odds. 

  • Belgium -110

This would mean that you have to bet $110 to win $100 on a Belgium Euro 2024 outright victory.

Above we have posted the American odds for Euro 2024. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool

Where can I bet on Euro 2024 odds?

As a signature tournament for the most popular sport in the world, almost every online sportsbook and betting site will offer odds for Euro 2024. Check out the best soccer betting sites available where you live.

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