Italy is the new sportsbook favorite to win Euro 2021 after advancing to the championship final on Tuesday. The Italians, who beat Spain in a semifinal penalty-kick shootout, knock off England as tournament betting favorites for now. England will play its semifinal on Wednesday.
England is the favorite to make it past Denmark and into the final against Italy. If that scenario materializes, the oddsmakers are likely to reinstall England as Euro title favorites over Italy. That’s because the Three Lions would be the home team for a potential appearance in Sunday’s final at Wembley Stadium in England.
Five U.S.-based betting houses had England at +135 to +160 to win the tournament before the semifinals began. England’s odds were 2-to-1 before the quarterfinal and greater than 6-to-1 at the start of the Round of 16.
Denmark is the long shot of the semifinal stage at roughly +900 odds.
Euro 2021 updated odds
(Current as of July 6)
England has never made the final of a Euros tournament, falling at the semifinal stage in 1968 and 1996. The latter event was hosted in England, where the song “Football’s Coming Home” became a hit with fans optimistic that hosting the tournament could help the Three Lions to a long-awaited Euro victory.
This year’s run by England to the semifinals has proven impressive in that it has come on the back of five straight shutouts. And the goals started to flow against Ukraine, too. The English doubled their goal output for the entire tournament with their 4-0 win in the quarterfinals.
Raheem Sterling and Harry Kane each have three of England’s eight total goals. While Sterling was held scoreless against Ukraine, Kane got two goals and they’ll both like their chances to make a run at the award that goes to the tournament top scorer. But there’s only one prize that England fans have on their mind right now.