Euro 2020 Betting Odds and Predictions as European Soccer Heavyweights Clash

The wait is nearly over, Euro 2020 starts on Friday with Turkey vs. Italy in Rome before the three-match days kick off over the weekend.

We've seen a flood of activity on the Smarkets exchange and SBK sportsbook app already—with over $8.5m traded on our platform so far, which is forecast to rise into the hundreds of millions—making it our biggest betting event of the year.

Here is a full rundown of the key betting odds and market moves.

Outright Winner

For much of the build-up, England were rated as favorites and the most likely winners (just) ahead of 2018 World Cup winners France. Gareth Southgate's Three Lions went as low as 5/1 (indicating a 17 percent win chance) on SBK last month but they have dropped slightly to 13/2 (13 percent chance) yet remain clear second-favourites behind France (5/1).

Belgium are next at 15/2, with European heavyweights Italy (17/2), Germany, Portugal and Spain (all 9/1) rounding out the main contenders. Netherlands (18/1) and Denmark (28/1) are next best ahead of Croatia (45/1), the last team with odds below 50/1.

Scotland and Wales join the party, but at 200/1 and 250/1 respectively, the betting suggests their appearance will be short-lived.

Unsurprisingly, a deep French squad with buckets of talent are the most popular choice with punters on SBK with 30 percent of bets. Portugal are interestingly the next most popular with 14 percent of outright bets, while England are third with 10 percent. Could Cristiano Ronaldo and co. win back-to-back Euros?

Ronaldo, Mbappe, Kane and Lewandowski Euro 2020
Portugal's Cristiano Ronaldo (top left), France's Kylian Mbappe (top right), England's Harry Kane (bottom left) and Poland's Robert Lewandowski are among the favorites for the Golden Boot. Getty Images

Golden Boot

As with the outright winner, there has been an English drift with Harry Kane, who won the World Cup Golden Boot in 2018, easing from clear favourite at 13/2 down to 8/1.

There's not much in it at the head of the market, but it's now Belgium's Romelu Lukaku on top at 15/2 after a fine season in Serie A firing Inter Milan to the title.

Lukaku is the most-backed to be top scorer on SBK ahead of France's young superstar Kylian Mbappe (12/1) and Portuguese powerhouse Ronaldo (14/1).

Player of the tournament

You'll find higher odds if you want to bet on the Best Player of the Tournament, as officially awarded by UEFA.

Mbappe is favourite here at 8/1 for the French ahead of Belgium's Kevin De Bruyne (13/1) who was recently crowned PFA Players' Player of the Year for spearheading Manchester City's charge to the 2020/21 Premier League title.

There has been clear market support for Mbappe's teammate N'Golo Kante, now third-favourite to win this award at 18/1. The tenacious midfielder enjoyed another fine season with Chelsea, helping the Blues win the Champions League for a second time.

There has been much talk around the England camp about Jack Grealish's emergence as a potentially key player for Southgate, and the Aston Villa playmaker is at 33/1 to win Best Player and announce himself at the top table.