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Odds for the Euro champions typically range from 3:1 to 8:1, with strong teams like France or Spain offering low odds. However, underdogs can offer very high payouts.

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An important element in betting is understanding the odds and types of bets. In sports betting, each type of bet brings different opportunities and risks. For example, Asian Handicap is often favored in football matches, when the bookmaker sets a handicap for the underdog team. Over/Under bets allow players to bet on the total number of goals or points in the match, which requires players to have a deep understanding of the teams, the form of the players and other factors such as the weather or the coach's tactics.