Euro 2020 odds: Who will win Euro 2020? These are the favourites ahead of the semi-finals

Euro 2020 odds
(Image credit: PA Images)

The Euro 2020 odds have shifted throughout the tournament, with plenty of favourites crashing out since the knockout stages began. We've kept their final odds here though, for posterity's sake. 

Only four remain.

So is it coming home? Here's how the bookies see England's chances – as well as everyone else's...

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Euro 2020 odds: Italy (9/4)

Euro 2020 odds

(Image credit: PA Images)

Italy have been arguably the most impressive team at Euro 2020 so far, especially when considering that they failed to reach the 2018 World Cup. 

Their 2-1 win over Austria in the first knockout game took their unbeaten run to 31, beating their previous record from the 1930s. 

The Azzurri have displayed incredible passion, both in their national anthem and on the pitch, and are fast becoming a team that no one would like to face. They possess a strong team all over the pitch, and are now able to mix their traditional Italian defensive solidity with creativity and goals up top.

Their 3-0 victory over Turkey on the opening day of the tournament was the first time Italy have scored more than two goals in one game at a European Championships. Naturally, they followed that up with another 3-0 win against Switzerland, to justify their now 9/4 odds with Bet365.

See the full Italy Euro 2020 squad

Euro 2020 odds: England (6/4)

Harry Kane, Euro 2020 odds

(Image credit: Getty)

Unsurprisingly, football fever caught England once again at the start of the tournament, with their odds reflected at 5/1 - making them joint-favourites alongside France. After finishing top of their group, banking four clean sheets, handily beating Germany and facing a favourable route to the final, they have been shorted further, to odds of 6/4.

That's right: England are now standalone favourites to win the whole damn thing.

HOME ADVANTAGE How many Euro 2020 games are at Wembley?

Euro 2020 odds: Denmark (9/1)

Now the tournament's big outsiders, Denmark have still had their odds dramatically slashed over time to 9/1 after a series of impressive performances. Could England be their next victims? 

Denmark Euro 2020 squad: best player, manager and Euros record

Euro 2020 odds: France (7/2)

Kylian Mbappe, France - Euro 2020 odds

(Image credit: PA Images)

World Cup winners France entered Euro 2020 as the standout favourites... until Switzerland came along.

See the full France Euro 2020 squad here

Euro 2020 odds: Germany (11/2)

Kai Havertz, Euro 2020 odds

(Image credit: Getty)

Germany's odds of 7/1 at the start of the tournament seemed overly generous, but that was soon cut down to 11/2 by the bookies.

Maybe the initial scepticism wasn't misplaced, though: they crashed out after a 2-0 defeat to England in the round of 16.

See the full Germany Euro 2020 squad here

Euro 2020 odds: Belgium (7/1)

Belgium Euro 2020 odds

(Image credit: PA)

Belgium have been among the favourites to win major competitions for the past 10 years or so, and this summer was no different. A price of 7/1 with Bet365 reflected this, before defeat to Roberto Mancini's Italy.

See the full Belgium Euro 2020 squad here

Euro 2020 odds: Spain (11/4)

Alvaro Morata

(Image credit: PA)

Ten years ago, Spain were still the world's most feared international side. Their tiki-taka tactics and strength in depth suffocated all in their path. 

They've let things slide since then, however, and were merely considered dark horses at 10/1 until other hot favourites crashed out. 

Now, Bet365 put a Spain victory this summer at just 11/4 – third favourites of the four remaining teams.

See the latest on the Spain Euro 2020 squad

Euro 2020 odds: Portugal (10/1)

Cristiano Ronaldo, Portugal - Euro 2020 odds

(Image credit: PA Images)

Portugal entered the tournament as holders and, while they were in a 'Group of Death' with France and Germany, were still tipped as among the Euro 2020 favourites with odds of 10/1. 

Then Belgium came along...

See the latest on the Portugal Euro 2020 squad

Euro 2020 odds: Netherlands (12/1)

Memphis Depay, Euro 2020 odds

(Image credit: PA)

The Flying Dutchmen were considered outsiders at 12/1, but were still considered leagues ahead of the rest of the competition. The next "likeliest" winners during the group stage was Denmark, who were priced at 50/1.

Eagle-eyed readers will notice that the Netherlands are no longer at Euro 2020, and Denmark are.

See the full Netherlands Euro 2020 squad

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Ed McCambridge
Staff Writer

Ed is a staff writer at FourFourTwo, working across the magazine and website. A German speaker, he’s been working as a football reporter in Berlin since 2015, predominantly covering the Bundesliga and Germany's national team. Favourite FFT features include an exclusive interview with Jude Bellingham following the youngster’s move to Borussia Dortmund in 2020, a history of the Berlin Derby since the fall of the Wall and a celebration of Kevin Keegan’s playing career.