UEFA Euro 2020 Odds: Odds to Win Euro 2020

Euro 2020 at Bovada

UEFA Euro 2020 Odds Update

We’ve seen some incredible upsets at the 2020 UEFA European Football Championship. None was more incredible than Switzerland’s epic comeback against France in the Round of 16; France were up 3-1 late in the second half, but the Swiss scored twice, then won the match on penalties – thus knocking out the tournament co-favorites on Bovada Sportsbook’s Euro 2020 soccer odds board. It was a bitterly disappointing result for Les Blues, who were hoping for bigger things after losing to Portugal in the Euro 2016 final.

Euro 2020 Odds Breakdown

Despite all the chaos, we enter the semifinals with three of the top five favorites still in the title hunt. Here are the remaining four teams on Bovada’s Euro lines as we go to press:

1. England (+150)

England started out with the same +500 odds to win Euro 2020 as France, and now that they’ve made it this far, they’ll have home-pitch advantage at London’s Wembley Stadium for the remainder of the tournament – including Wednesday’s semifinal (3 PM ET, ESPN) versus the No. 4 team on our list. The Three Lions won Group D as expected, then took down Germany in the Round of 16 before destroying an overmatched Ukraine side in the quarter-finals. Raheem Sterling and Harry Kane have each scored three times for England; they’re two goals behind in the Golden Boot race, with Kane (+300) facing much shorter odds than Sterling (+1000) to finish on top.

2. Italy (+225)

The Azzurri are one of the most decorated teams in soccer history for a reason. They were the No. 5 favorites at +850 heading into the tournament, then swept through Group A before scraping past Austria in the Round of 16. That set up a titanic quarter-final against Belgium, FIFA’s top-ranked team and the No. 3 favorites at +600 on the Euro betting lines. Italy won that match 2-1, but they also lost left-back Leonardo Spinazzola, arguably the top performer at Euro 2020, to a torn Achilles. That could be the crushing blow for Italy as they prepare for Tuesday’s semifinal (3 PM ET, ESPN) against the following team on our list.

3. Spain (+275)

It’s almost a miracle that La Roja are still in the running. With several players battling the coronavirus, Spain (the early No. 4 favorites at +800) barely made it out of Group E with one win and two draws. Then they needed extra time to beat Croatia in the Round of 16, and penalties to get past Switzerland in the quarter-finals. This was despite the Swiss playing with 10 men after midfielder Remo Freuler was sent off in the 77th minute. Spain may have been the better team from a possession perspective, but they’ll have to play much better if they’re going to beat Italy this Tuesday as +210 underdogs on the 1X2 soccer odds at Bovada; the Azzurri are +145 favorites, with the draw pegged at +215.

4. Denmark (+900)

Denmark have played the Cinderella role before, winning Euro 1992 in the most unlikely of circumstances – but their Euro 2020 run has been even more dramatic. Pegged as +2500 outsiders heading into the tournament, Denmark lost their opening Group B match to Finland after midfielder Christian Eriksen, the five-time Danish Football Player of the Year, suffered a cardiac arrest and was transported to hospital, where he was able to recover. The distraught Danes advanced nonetheless in a three-way tiebreaker, then they took advantage of a weakened bracket by beating Wales and the Czech Republic to reach the semifinals, where they’re big +425 underdogs to England’s –140 this Wednesday.

The two surviving sides from the semifinals will meet this Sunday at Wembley Stadium, also at 3 PM ET on ESPN, to decide who will win Euro 2020. Check in with Bovada Sportsbook for fresh odds on all the remaining matches, as well as the Euro 2020 futures market, where the aforementioned Sterling is the +400 favorite to be named Player of the Tournament. Portugal’s Cristiano Ronaldo and the Czech Republic’s Patrik Schick are tied for the scoring lead with five goals, making them +185 co-favorites to win the Golden Boot; dead heat rules will apply if nobody overtakes them. Italy goalkeeper Gianluigi Donnarumma is also the +200 favorite to be named UEFA’s Young Player of the Tournament. All this and more is waiting for you on Bovada’s Euro 2020 odds board, so keep hitting that Refresh button, and enjoy the remaining matches.

*Odds as of July 7th, 2021

Euro 2020 at Bovada

How to Bet on Euro 2020 Soccer

Knowing all the teams in and out makes understanding the Beautiful Game a lot easier, but you’d be surprised how many would-be experts don’t know the ABCs of betting on soccer. Don’t be one of these people; here’s an introduction to the different ways you can bet on Euro 2020 at Bovada Sportsbook.


Sports fans in the US will be familiar with the point spread, which is used to bet on NFL and NBA games. This is when there’s a margin of victory that the favored team must win by in order for bets to pay out. Alternatively, the underdogs can lose but if they but stay within the margin outlined by the spread, their bets will pay out.

The spread is available in soccer, although it looks more like the run lines from MLB, or the NHL puck line. Here’s an example featuring the teams who met in the Euro 2016 Final:

France –0.5 (–140)

Portugal +0.5 (+105)

France were playing at home in Saint-Denis, so they’re listed at the top, as is tradition in soccer betting. They were the favorites, too, which you can see by the negative sign next to their spread of 0.5 goals; for Les Bleus to cover the spread, they needed to win outright, while Portugal would have covered by at least securing a draw at the end of regulation – which they did, with the score at 0-0. Note that all soccer bets (unless otherwise specified) are based on the result at the end of 90 minutes plus injury time.

The American odds you see in parentheses beside the spread show how much you’d be paid for each bet. A winning bet on France would pay out $100 for every $140 wagered, while a winning bet on underdog Portugal would pay out $105 for every $100 wagered (smaller and larger bet sizes are allowed). There will be times when the spread is a whole number, like one goal or two goals. If the game ends with exactly that winning margin, it’s a push – all money is returned.


Fixed-odds betting is still the most popular way to bet on soccer around the world. The moneyline (also presented here using American odds) allows you to bet on either side winning, as well as the draw. Here’s how the Euro 2016 Final looked at Bovada Sportsbook:

France EVEN

Portugal +330

Draw +215

Again, the score was 0-0 at the end of 90 minutes plus injury time, so the draw was the winning choice in this matchup, paying out $215 for every $100 wagered. Portugal would have paid $330 for every $100 had they won in regulation; France would have paid even money had they prevailed instead.


Instead of picking a side, you can bet on whether the two teams in question will combine to score over or under the posted goal total. This is what was on tap for the Euro 2016 Final:

France O 2.0 (+105)

Portugal U 2.0 (–115)

The line for the Over is listed on the top, indicated by the letter “O” for easy reading, while the Under is listed at the bottom – the team names are irrelevant here. As with the spread, the payouts for each bet is given in American odds. This game was a scoreless draw at the end of regulation, so Under bettors were paid out $100 for every $115 wagered.

First Half

The above “single” bets (spread, total and moneyline) can also be made based on the events of the first half alone, instead of 90 minutes plus regulation.

Second Half

You can also place these single bets for just the second half, ignoring the events of the first half. These can be solid value bets if you’re watching the game live and paying attention.

Game Props

If you’ve made proposition bets (“prop bets” for short) during the Super Bowl, you’ll have no problem understanding this concept. Prop bets are wagers on anything other than the outcome of the game itself; game props cover things like what the Exact Score or Winning Margin will be.

Goal Props

Which team will score first? Will there be an odd or even number of goals? These are the kind of bets you’ll find on the goal props menu at Bovada.

Player Props

This category covers player-specific props, like which player will score the first goal, and who will be the first to receive a yellow or red card.


Instead of betting on a single game at Euro 2020, you can bet on who will win each Group, or the entire tournament. The odds you see above (with France favored at +350 to win Euro 2020) can be found on the soccer futures market at Bovada.

For more information on all these soccer bets, check out our comprehensive FAQ and Help Guides at Bovada, and stay tuned for updated odds and analysis as we continue down the road to Euro 2020.

Euro 2020 at Bovada

Payment Methods


Gambling should be entertaining. Remember that you always risk losing the money you bet, so do not spend more than you can afford to lose. If you think you may have a problem, click here.