Euro 2024 Outright Winner Betting: Favourites, Odds & Tips

Find out who the Euro 2024 favourites are and whether our experts agree that these are the best teams to bet on – along with heavily tested, optimum betting strategies for Euro 2024.

Euro 2024 Winner Odds

Euro 2024 is one of the biggest footballing events in the world, inviting betting action from all over the continent – and beyond. What this means is a fantastic betting opportunity for those of you who’ve done your research.

To kick things off, I’ve taken a look at the outright winner favourites for Euro 2024. This is one of the most popular betting markets, and the most talked about point of discussion throughout the tournament.

Euro 2024 Winner Odds 

Team BetzoneBetGoodWinSportingbet
England10/310/310/3
France7/27/27/2
Germany13/2 13/27/1
Spain15/27/18/1
Portugal8/18/17/1
Belgium14/114/111/1
Italy16/116/114/1

Euro 2024 Betting Favorites: 

EnglandEngland: The Three Lions have been installed as outright Euro 2024 favourites. The team has been creeping towards silverware in recent years: they lost the 2018 World Cup semi-final in extra time, and were only eliminated on penalties in both the Euro 2020 final and World Cup quarter-finals in 2022.

Can England overcome these fine margins and win Euro 2024? The issue for a country which hasn’t won a major trophy since 1966 is the weight of expectation. On paper, they should go all the way. In reality, the pressure could prove too much.

FranceFrance: Despite crashing out of Euro 2020 to Switzerland in a shock round-of-16 exit,. France are second-favourites for Euro 2024. They narrowly missed out on the 2022 World Cup on penalties, and won it in 2018.

Arguably, France are not quite the same team they were two years ago. Paul Pogba is facing a four-year ban for using illegal substances, Balloon d’Or winner Karim Benzema has retired from international football, and it remains to be seen how they bounce back from such a heartbreaking World Cup final.

GermanyGermany: Many of you will be lumping on Germany at tasty odds of 13/2 given that they have home advantage. And our England-supporting readers will have Germany’s devastating impact on the pitch firmly fixed in their heads from past eliminations, having won only three of their 11 competitive head-to-head matches.

But home advantage has less of an impact than you may think. Since 1960, just three countries have won while hosting the Euros, and the last team to do so was France in 1984. This could suggest the odds on Germany should in fact be higher.

SpainSpain: At their last three major tournaments, Spain have been eliminated by Russia, Italy and Morocco. Even though Italy won that event, they were not exceptional – and Spain should have been able to overcome the others with relative ease.

Spain have also been drawn in a very difficult group, going up against Croatia, Italy and Albania. To win Euro 2024, they’ll need to be at the top of their game right from the start and never let up.

PortugalPortugal: After winning Euro 2016, Portugal were eliminated from Euro 2020 before falling to Morocco at the Qatar World Cup in 2022.  One problem which arose in 2022 was that of Cristiano Ronaldo. The icon won the Golden Boot in 2020, but was pushed in and out of the team in 2022, and has since been plying his trade in a much less competitive league after transferring from Manchester United to Al Nassr. 

If he does play, will he still be sharp enough to make an impact aged 39? And, if he doesn’t play, will his lack of presence cause too much of a stir and distraction for Portugal?

Teammate Bruno Fernandes will also need to massively improve on his lackluster performances back in Manchester. He’ll be heavily fatigued; he was the only player in Europe’s elite to play over 70 matches in 2023.

Past Euro Winners  

Here’s a list of the last 10 Euro winners:

YearHost CountryWinner
2020Europe (Shared)Italy
2016FrancePortugal
2012Poland/UkraineSpain
2008Austria/SwitzerlandSpain
2004PortugalGreece
2000Belgium/NetherlandsFrance
1996EnglandGermany
1992SwedenDenmark
1988GermanyNetherlands
1984FranceFrance

Our Prediction: France to Win Euro 2024

The Euro 2024 winner odds would suggest England are favourites, but the country’s history of failure – especially in nervy moments, like penalty shoot-outs – makes it risky to bet big on them at such short odds.

Having researched the teams in some depth, I find it hard to rule out France – as long as their key players stay fit. Had a couple of penalty kicks gone differently in the World Cup 2022 final, they’d likely be hot favourites – and that’s exactly how I see them.

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How to Bet on the Euro 2024 Outright Winner

The outright winner market for Euro 2024 is one of the simplest markets to understand. You just bet on the team which you think will lift the trophy, and if they do, you win. It doesn’t matter how they win, including extra time or penalties, as the outright winner market is purely about which country will become champions.

The Euro 2024 outright winner market is one of the earliest to open, long before any match betting or other markets open closer to the time of the tournament. You can also make each-way bets, which usually pay out at half the specified odds if your team finish as runners up.

Bookies like Betzone and SportingBet already have odds available for the Euro 2024 favourites.

Euro 2024 Favourites Betting Strategy

Once you’ve decided which team you want to bet on, you then need to devise your best betting strategy. Here are three top tips for betting on your Euro 2024 favourites:

  1. Look at the group. If your team has a tough group, like Spain or Italy, they are likely to have much shorter odds after escaping that group. So, if you’re backing them to win, why not get your bet on early at higher odds?
  2. Plot out the route. By taking the time to analyse which teams are likely to progress, you can make an educated guess on the likely route to the final for each country. It won’t be 100% accurate, but if a team could potentially face back-to-back favourites, you may want to rethink whether it’s worth betting on them.
  3. Consider outsiders. Euro 2024 is a knockout competition from the round of 16 onwards, meaning anything can happen. Greece won it in 2004, and Denmark – who only entered because Yugoslavia were disqualified – lifted the trophy in 1992. Don’t rule out a non-favourite winning Euro 2024.

Euro 2024 Final: Betting on Underdogs

As I touched upon earlier, you should definitely consider backing an underdog at Euro 2024. There are many top teams capable of winning it, but none of them are without their own flaws.

Because almost all entrants are based in Europe, there isn’t much adjustment needed in terms of climate, extensive travelling, and so on. There are at least eight or nine teams who have a legitimate chance of winning it, with many football betting sites giving odds of up to 40/1 on some of these contenders.

Before you bet on an underdog, make sure their route to the final isn’t overwhelming. Even if a non-favourite wins Euro 2024, they’re extremely unlikely to do so if they have to beat England, France and Germany on the way there.

Popular Betting Markets at Euro 2024

Aside from the outright Euro 2024 winner odds, you can also bet on a ton of exciting markets at Euro 2024, each with their own benefits.

Here are three of the top alternative betting markets for Euro 2024:

  • Top scorer. The player who scores the most goals wins the Golden Boot, and this is very often tied to the country that wins the tournament. Historically, five goals is often enough to win it, although sometimes three or even just two can be enough.
  • Group winner. If you don’t want to plot out paths and wait until the end of Euro 2024 for a result, you can bet on the group winners. With only three games per team, one upset can radically shake up the rankings.
  • In-play bets. Live betting sites will give you plenty of options to bet on everything from the next scorer or correct score to a player being booked. With up to four televised games per day, this is an awesome way to interact with the games in real time.

Best Betting Sites for Euro 2024

Now that I’ve shared my tips and predictions for the Euro 2024 winner, you might be ready to place a few bets. These are the betting sites which currently offer the best odds on most Euro 2024 markets:

1
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