What odds for England to win Euro 2012?

If you are thinking about backing England at the European Championships this summer, it might be worth doing so now.

Football betting pundits note how the team are without a manager, without a permanent captain and massively uncertain about the squad they will be taking.

The odds on England winning Euro 2012 will only go down once a manager is made - especially if that man is Harry Redknapp - so placing your football bets now might be a good idea.

You can back them at 10/1 with Paddy Power at the moment, which is relatively good value. They are still fourth favourites to win the tournament, but with £10 getting you £110 returned, being patriotic at this stage might be a decent idea.

One man who doesn't think England have a chance though is Manchester United's Ryan Giggs. The Welshman has all but ruled out an English victory, saying that Wayne Rooney's suspension for the first two games is crucial.

He said: "I can’t see [England winning], they still don’t have a coach and Rooney is suspended for the first two games."

If England aren't going to win though, who is? What are the betting odds for Euro 2012 glory at this stage? Well, Spain are the favourites and can be backed at 5/2 with Betfred.

Then comes Germany at 3/1 and Holland at 15/2. Both with Bet365. Beyond England, the outsiders include France and Italy at 14/1, while Russia and Portugal are both available at 20/1 with Ladbrokes.

England is the focus for now though. Do you think they can spring a surprise? Is Ryan Giggs correct when he says they haven't got a chance?

It will certainly not be dull - it never is with England. You will get the best value now though if you do think they are going to succeed at Euro 2012.

Place your bets now! 

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