The Eurovision 2021 songs have been coming thick and fast in recent days. And amid all the gifts delivered by Eurovision, it’s Switzerland’s Gjon’s Tears who has emerged as the bookmaker’s choice to take home the victory.
But what’s more, Gjon’s Tears’ song reveal has caused a huge surge in the gambling market. A massive 57% of all recent Eurovision bets made since the reveal of “Tout l’univers” are on Switzerland to snatch the crown.
Eurovision 2021 odds: 57% of bets on Switzerland to win Eurovision
Yesterday saw one of the biggest moves in the Eurovision betting market to date, with Switzerland catapulting themselves into the number one favourite position. Before Gjon’s Tears debuted his song, Switzerland’s odds sat at around 18/1 which placed Gjon at seventh favourite to win just behind Lithuania’s The Roop.
However, when the Swiss sensation released his stirring anthem “Tout l’univers”, bookmakers quickly slashed the odds available. Within a matter of hours, Switzerland’s Eurovision odds were cut from as high as 18/1 to as short as 4/1 — increasing their chance of victory from 5.3% to 20%. Meanwhile, former favourites Iceland slipped into fifth place, after a leak of Dadi Freyr’s song “10 Years” surfaced online.
Online bettors were very quick to back Switzerland winning the crystal microphone. Since the song was uploaded to Youtube, 57% of all wagers placed on Eurovision were on Switzerland to win. In the same timeframe, bets on the United Kingdom to win also surged, with James Newman’s “Embers” accounting for 8.3% of wagers on the market.
This marks the second big betting surge within a week. Recently, bets on San Marino to win also increased massively. Senhit’s collaboration with Flo Rida on “Adrenalina” catapulted the micronation into tenth favourite to win, slashing their odds from 299/1 to 14/1 within a matter of minutes. In that timeframe, bets on Sammarinese victory accounted for 41% of all new wagers.
Additionally, odds on Italy, France and Bulgaria to win continue to shorten. “We will witness plenty of movements like this in the betting market as new songs get released”, says Sam Eaton, Head of Marketing at OddsChecker. “However, it’s interesting to see how France are slowly moving up the market. If I was to predict who would be the betting favourite 24-hours before the competition, France would be my pick.”
Eurovision 2021 odds
The OddsChecker odds are presented using the British fractional system. So for example, betting £1 on Malta to win with odds of 15/1 would win the bettor £15, for a total profit of £14. This list shows the current odds for the top ten countries most likely to win Eurovision 2021, with the country’s chance of victory in parentheses.
- Switzerland – 11/2 (12%)
- Bulgaria – 7/1 (9%)
- France – 9/1 (8%)
- Iceland – 9/1 (8%)
- Italy – 9/1 (8%)
- Sweden – 12/1 (6%)
- Lithuania – 13/1 (5%)
- Malta – 15/1 (4%)
- Cyprus – 15/1 (4%)
- San Marino – 15/1 (4%)
Odds correct as of 13:00 GMT on Thursday 11 March 2021
What do you think? Will you be placing a bet on Eurovision this year? Who do you think is the most likely to win? Let us know in the comments below.