Portugal has become a fixture in the Top 10 of FIFA’s World Rankings, currently sitting at No. 3.
But after drawing into one of the toughest groups at the 2014 World Cup, Portugal’s odds of winning their first World Cup are just 25-1.
Portugal is joined in Group G by Germany, U.S.A. and Ghana. The Germans are once again among the favorites in World Cup futures betting with 11-2 odds and are heavy 5-9 favorites to win Group G.
In nine matches all-time, Portugal has only defeated Germany once, a 3-0 win at the 2000 Euro. In fact, Germany has been victorious in their last three meetings (at the 2006 World Cup, and the 2008 and 2012 European Championships).
Given their lack of success against Germany, Portugal will need to produce in their matches against the United States and Ghana to ensure advancement to the round of 16.
Portugal also has just one victory all-time against the United States, who travel to Brazil as 100-1 futures betting underdogs and a as the second betting choice to win Group G. However, it has been more than a decade since the two squads last met.
That was a group-stage win by the Americans at the 2002 World Cup that advanced them to the knockout stage and sent Portugal home.
The Portuguese have never played Ghana, which is No. 38 in FIFA’s World Cup rankings and a squad against which Portugal should be able to earn three points.
With a second-place finish in Group G, Portugal would face the winner of Group H in the round of 16, currently favored to be Belgium, with odds of 4-7. The youthful Belgians are returning to World Cup action for the first time since 2002, and have quickly emerged as a European soccer powerhouse.
However, with futures odds of just 18-1, they cannot be considered a favorite at Brazil.
If Portugal can pull off the upset and finish atop Group G, currently a 5-2 wager, they could get their chance at vengeance against the squad that topped them in World Cup qualifying. The threat of a long Portuguese run in Brazil could make oddsmakers uncomfortable in offering 25-1 odds.
A 1-0 loss to Russia forced Portugal to earn their World Cup berth in a two-game playoff against Sweden. Russia owns the stingiest defense in their group and is expected to lock down second place in Group H (and a date with the winner of Group G in the round of 16).