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Which is the best Euro 2020 underdog futures play to win the tournament?

Author: americangambler | Last Updated: April 28, 2021

If you are a fan of betting long shot plays, especially on the futures boards, the UEFA European Championship (Euro 2020) is a tournament for you this summer.

No team comes into the tournament with odds less than +500, and if you check the various sports books in your state, you might see the odds vary by as much as +100 on any team.

When you take a look at the current FIFA/Coca Cola World Rankings, six of the top seven teams come from Europe, and will be in this tournament: Belgium (one), France (two), England (four), Portugal (five), Spain (six), and Italy (seven).

There is not much between any of those teams. If you remember back to the 2018 World Cup, France beat Belgium 1-0 in the semifinals with a second half goal, in a game that could have gone either way: France then went on to beat Croatia 4-2 in the final. England lost 2-1 to Croatia in the semifinals, but could have gone out on penalties earlier in the bracket, or could have gone to the final.

It is really hard to distinguish between these sides, which means there will be value with whichever country you take to win the cup.

Portugal is the defending champion from 2016. They won the cup with a 1-0 win in added extra time over France, in a match that saw the French batter the visitors all evening: they did everything but score. That is how it goes in these tournaments, though; every team has game winners, and there can be upsets along the way.

Greece beat Portugal in the 2004 final, Denmark beat Germany in 1992, Czechoslovakia beat the Soviet Union in 1976: this can be a romantic tournament for underdogs.

With that in mind, here is a list of the top 12 odds to win the tournament

Top 12 odds to win Euro 2020:

  • England +500
  • France +550
  • Belgium +550
  • Germany +750
  • Spain +800
  • Portugal +800
  • Netherlands +1100
  • Italy +1100
  • Denmark +2800
  • Croatia +3300
  • Turkey +6600
  • Switzerland +8000

As you can see, the odds start to fall off a cliff pretty dramatically after Italy at 11-1. 

So which teams might be worth a long shot play to win Euro 2020?

Of course, you have to start with the Italians, who at +1100 are not getting the same respect as some of the other teams in the FIFA top seven. We will get a very good look at how good Italy is right away, as it opens up the tournament on June 11 against a very tough Turkey team that might be worth a few bucks at +6600.

Portugal, the defending champion, might be worth some money at +800 as well, but it will have to get out of a brutal group which has France, Germany, and Hungary.