It’s a turbulent time at the bookmakers, and the Eurovision 2023 betting odds are beginning to alter. After months on the top spot with the bookies, reigning champions Ukraine have slipped down the rankings, and a new favourite has emerged. Sweden is now the bookmakers’ favourite to win Eurovision 2023.
The shift comes after former Eurovision champion Loreen debuted her new song “Tattoo”, which she will compete in the fourth heat Melodifestivalen — Sweden’s Eurovision pre-selection show — this weekend. Fans and bookies alike think the “Euphoria” singer could make a triumphant return and pick up another Swedish win, 12 years after she won the contest in Baku.
According to Oddschecker, Sweden is the most likely candidate to take home the Eurovision trophy this May. Ukraine’s Tvorchi follow closely behind in second. Finland, Norway, and the United Kingdom round out the top five most likely to take home the song contest crown.
Eurovision 2023 odds: Sweden favourite to win
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Sweden is yet to decide its Eurovision act. But if fan reception is anything to go by, Loreen could be a lock-in for the Swedish ticket to Liverpool. The rehearsal snaps from inside the Malmö Arena show Loreen performing inches beneath a huge LED ceiling as she around in a sandstorm of beige and pink hues.
Elsewhere on the bookies radar is Finland — which is also yet to decide its Eurovision entry. They’ll choose their artist and song this weekend at the UMK 2023 final, as seven superstar acts vying to fly the Finnish flag in Merseyside this May.
Norway’s Alessandra also remains a contender. The Norwegian-Italian songstress went viral on TikTok after her Melodi Grand Prix victory, suggesting “Queen of Kings” could pick up a good televote score from the younger audience.
The betting market puts host country United Kingdom in fifth place, as Poland, Czechia, Spain, Israel and France fill out the top ten.
Eurovision 2023 odds
- Sweden — 11/4
- Ukraine — 7/2
- Finland — 19/2
- Norway — 23/2
- United Kingdom — 15/1
- Poland — 35/2
- Czechia — 20/1
- Spain — 25/1
- Israel — 25/1
- France — 35/1
- Italy — 35/1
- Netherlands — 37/1
- Armenia — 50/1
- Georgia — 50/1
- Croatia — 50/1
Odds provided by Oddschecker. Odds correct as of Thursday 23 February at 22:33 GMT (CET + 1).