The Euro 12 outright winner market is very close to 100% and this means the arbitrary 1/2 odds for a finalist gives the backer a slight edge.
Let take a perfect 16 teams competition where all teams are of equal ability and the markets is at 100%.
In such a market the win odds would be 15/1 and the probability of a team winning would be 6.25%
In the same market the odds of reaching the final would be 7/1 and the probability of a team reaching the final would be 12.5%. But with 1/2 odds for reaching the final we would have odds of 15/2 or 7.5/1. This means 106.25% is returned to the punters from the finalist element of each/way bets in an outright market.
My personal bets are
Netherlands e/w @7/1, France e/w @12/1, Italy e/w @14/1, Portugal e/w @201/, Russia e/w @22/1, Poland e/w @50/1 Ukraine e/w @50/1, Sweden e/w @66/1 and Czech Republic e/w @80/1. Staking level based on price. I may yet have a saver on Spain. Yesterday I got on for peanuts will Hills on Germany @4/1.
TEAM |
BOOK ODDS |
BF WIN |
BF FINALIST |
EDGE |
SPAIN |
4 |
3.9 |
2.35 |
109.11 |
GERMANY |
4.33 |
4.6 |
2.64 |
95.02 |
NETHERLAND |
8 |
7.9 |
4.1 |
111.15 |
FRANCE |
13 |
12 |
5.7 |
133.04 |
ENGLAND |
16 |
16 |
8.1 |
104.94 |
ITALY |
15 |
19 |
7.6 |
83.10 |
PORTUGAL |
21 |
21.5 |
9.6 |
111.92 |
RUSSIA |
23 |
21.5 |
9.6 |
133.72 |
CROATIA |
51 |
70 |
21 |
90.20 |
POLAND |
51 |
49 |
23 |
117.66 |
UKRAINE |
51 |
63 |
19.5 |
107.94 |
SWEDEN |
67 |
73 |
24 |
130.02 |
CZECH REPUBLIC |
81 |
93 |
26 |
137.34 |
IRELAND |
101 |
110 |
42 |
111.49 |
GREECE |
101 |
120 |
34 |
126.25 |
DENMARK |
101 |
130 |
40 |
99.06 | | |