Euro 2024 Portugal Odds

For most Football bookmakers, Portugal is one of the main favourites to win the upcoming European Championship after their triumph in France in 2016 and the first national elite title. The Lusos pay 8.00 (7/1) to lift the trophy, being the fourth team in Euro odds after England (4.50, 7/2), France (5.00, 4/1) and the host nation Germany (7.00, 6/1).

They reached the Quarterfinals in the latest World Cup in Qatar, but in the previous Euro edition, they were eliminated from the Round of 16. This is Roberto Martinez’s second job in a national team after six years in charge of Belgium; the Spanish tactician guided his former team to third place at the 2018 World Cup.

Portugal’s crucial advantage is Cristiano Ronaldo, who goes on and on; he will be 39 and the oldest player at the tournament when the competition starts. The all-time leading international goalscorer was the captain at 2016 glory, so the one-million-dollar question is if he can make it again.

Our article aims to introduce you to the best bets for the Iberians at the highest Euro 2024 Portugal odds, explaining their chances to reach the Semifinals, the Final, and the first place.

Portugal Odds To Win Euro 2024

The Lusitanians qualified for the tournament’s Final Stage with a perfect ten wins from ten matches. They seem able to ease through without alarm from Group F, competing with Turkey, Czechia, and Georgia, Playoffs Path C Winner.

As mentioned, Portugal remains one of the most popular options for bettors to win the tournament. They are among the favourites in all Outright markets for the Winner, the Group Winner, and the Team Specials for the Semifinals and Final.

Here are the highest Portugal odds to win the European Championship, overcoming continental powerhouses like England, France, and Germany.

✔️ Euro 2024 - Outright Winner ⏩ Portugal to Win the Tournament @8.00 (7/1).

✔️ Euro 2024 - Team Specials ⏩ Portugal to Reach the Final @4.10 (31/10).

✔️ Euro 2024 - Team Specials ⏩ Portugal to Reach the Semifinals @2.20 (6/5).

Before we examine Lusos’ real winning chances, we should check their schedule in Euro 2024 and the possible routes to the Final.

The table below explores all the probable scenarios that can affect Portugal’s winning chances from the Knockout Phase until the end.

*If Group F gives one of the four best 3-placed teams for the Knockout Phase.

Group F Winner: Portugal Euro Odds & Bets

Portugal is the heavyweight favourite to win Group F at 1.35 (7/20) odds, while Turkey pays 6.00 (5/1), Czechia is at 10.00 (9/1) and the Playoffs Winner C 10.00 (9/1) also. The reasons are pretty simple: Firstly, the quality gap between them and the other contenders is noticeable.

Then, as you can verify in our table below, if they want to have an easier opponent in the Round of 16, they must win Group F. Otherwise, there’s a possibility of facing France, Spain, Italy, or England, if they take second or third place (in case of their group gives one of the four best 3-placed national teams).

Their opening game against Czechia seems critical for their group’s winning chances. Checking the early prices, the Lusos are the favourite to start the competition with a win at 1.57 (57/100); the draw pick for the Match Result market pays 4.00 (3/1), and their defeat is 6.00 (5/1).

For those who believe that Roberto Martinez’s side can overcome England, France, and Germany, the Portugal Euro odds at 8.00 to lift the trophy seem a decent option. Now, you can discover our experts’ predictions for the Iberians at the best prices.

✔️ Portugal vs Czechia ⏩ 1 @1.57 (57/100).

✔️ Euro 2024 - Group F Winner ⏩ Portugal @1.35 (7/20).

✔️ Euro 2024 - Outright Winner ⏩ Portugal @8.00 (7/1).

Euro 2024 Group F: Odds On Portugal To Qualify

Besides the captain, Cristiano Ronaldo, who scored 128 goals for his national Football team, Portugal’s squad is full of talent, experience and quality; the fact can determine their winning chances even for the entire competition.

Ruben Dias, Bruno Fernandes, and Bernardo Silva are three Lusos superstars capable of carrying on the side to the Knockout Phase. The possibility of reaching the Semifinals or the Final seems high for Roberto Martinez’s squad, so it’s understandable that the 2-way market “To Qualify from Group F” included a massive price gap between the “Yes” and “No” alternatives.

The scenario to qualify from Group Stage offers a meagre payout at 1.03 (3/100) odds from the 1.062 (31/500) starting one. On the other hand, the Portugal odds for failing to secure a ticket for the Round of 16 is 10.00 (9/1), a risky wager even for bettors chasing huge earnings.

Double Chance Euro 2024 Portugal Odds

Only five title contenders offer single-digit odds to take first place; Portugal is among them, alongside England, France, Germany, and Spain. The Double Chance market for the Outright Winner allows bettors to bet on the Iberians or one of the elite national teams above.

If you believe Cristiano Ronaldo & Co. have massive winning chances for the competition, but France, the 2018 World Cup holders, remain a strong contender in your homework, the 3.10 (21/10) is a decent alternative to back.

These Euro 2024 Portugal odds are undoubtedly decreased compared to the 8.00 for the Outright Winner. However, you bet on two powerhouses for first place, not one. Here are the most popular combinations among bettors for the market, alongside their implied probability to happen.

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Portugal Odds To Reach The Final

The Team Specials market “To Reach the Final” is among the top choices for bettors who want to bet on high Portugal odds in the upcoming Euro. The price of 4.10 means a 24.39% implied probability; the Iberians are the fourth favourite to achieve it behind England (2.62, 81/50), France (2.85, 37/20), and Germany (3.60, 13/5).

So, let’s place a €/£10 bet on the pick; the returns will be €/£41.10 if Roberto Martinez’s side reach the Final. Here’s a critical parameter you should check to avoid losing money. The Outright Winner E/W market with 1/2 1-2 terms offers a higher payout for your wager.

The Lusos pay 8.00 to lift the trophy, so an E/W bet costs the double stake (€/£20). If Portugal reaches the Final, you will get €/£125 as a total profit whether they take first place or not, bolstering your bankroll.

Portugal To Reach The Semifinals Odds

The Lusitanians are among the heavyweight favourites for the continental trophy, so the Portugal odds to win it reflect the bookies and public opinion about their high chances. Indeed, the low prices for reaching the Semifinals at 2.20 (6/5) don’t have any value for bettors.

You should back and risk a number of the Iberians’ potential achievements, both in the Group Stage and the Knockout Phase, to get a mediocre €/£22.20 with a €/£10 starting stake. Consequently, if your thorough analysis shows a potential winning path for Portugal until the Semifinals, it’s more lucrative for your bankroll to back daily bets, not this Outright alternative.

Straight Forecast: Portugal Euro Odds for Special Bets

This Outright market is risky but well-paid if your predictions are accurate. You should find the European Championship winner (first place) and the finalist (second place) in an exact row. That’s why the Portugal Euro odds are higher, and all the offered options pay double-digit prices because you should find the second place holder.

Let’s look at one possibility, checking the challenging part and the high payouts if your analysis leads you to a Portugal vs England final match where the Lusos will win. The pick pays 21.00 (20/1), increasing your returns based on your analysis that the 2016 Champions will take first place.

In the below table, you can explore the most popular combinations and their implied winning odds from 21.00 to 70.00.

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Are the Odds On Portugal To Win Euro 2024 Worth It?

Roberto Martinez has taken over from Euro 2016 winning coach Fernando Santos in the dugout, hoping to achieve what he couldn’t win with Belgium and take first place in an elite tournament.

Cristiano Ronaldo will probably play his last major finals, aiming for a major triumph again. The vast majority of football bookies offer favourite odds on Portugal to win Euro 2024. Only England, France, and Germany have more winning potential than the Iberians.

Our experts believe they can reach the Final, so they sum up the top picks and prices for the European Championship regarding the Lusos. Portugal can get out of Group F as a winner so that you can back numerous selections for daily and Outright betting.

Moreover, you can scan all the available Football markets and choose the most lucrative odds to profit from the tournament. Remember, our recommended bookies offer value promotions, Live Streaming services, and the Cash Out feature to help you win.

Best Bookmakers for Portugal Euro 2024 Betting