Euro 2012: Betting Odds for the 16 Finalists in Poland and Ukraine

With all 16 teams now in place, the build-up to next summer's European Championship in Poland and Ukraine can begin in earnest.

The four playoff winners have taken their place alongside some of the world's best teams and a few surprise packages, and we will find out who will pitted against who when the draw for the tournament group stage is made in Kiev on Friday, December 2nd.

With no more international matches slated until the spring, the bookies have set their odds, which are not likely to change before the next time these teams are in action.

So, using Bet365 as a guide, here are the odds for each team's chances of winning Euro 2012.

Greece: 80/1

They may have won their group, been seeded in Pot Three by UEFA and are currently sitting eighth in the FIFA world rankings, but the Greeks are not fancied by the bookies to repeat their surprise tournament victory of 2004. 

They stubbornly battled their way to the trophy in Portugal, but now look on at Ireland as the team most likely to upset the odds and do that this time around.

The lowest scorers in qualifying, only three of their players scored more than one of their 14 goals, and none of those were strikers.

Sweden: 80/1

Surprisingly long odds for the team that qualified automatically as the best second-place side of the group stage, which they did by virtue of beating Netherlands in their final group game.

Despite boasting a decent record of 31 goals scored and 11 conceded in Group E, and boasting a world-class striker in Zlatan Ibrahimovic, Erik Hamren's side have been given the joint-lowest odds.

Republic of Ireland: 66/1

Giovanni Trapattoni's team secured their place in the finals with a resounding 5-1 aggregate playoff victory over Estonia. 

They look capable of giving any team a tough game. After all, they are unbeaten in their last 11 matches, a run which has seen them only concede two goals, with clean sheets against the likes of Russia, Croatia and Italy to boot.

Despite that and a decent record at tournaments for a nation of their size, whenever they have reached a major finals, they have been given little chance of going all the way. Not that they will let that bother them. 

Poland: 66/1

In Pot One among the top seeds due to them co-hosting the tournament, it is not anticipated that the Poles will be able to make the most of their home advantage.

Star quality is thin on the ground for the White Eagles, with Arsenal goalkeeper Wojciech Szczesny and Borussia Dortmund striker Robert Lewandowski the two most likely to shine next summer.

Simply making it out of their group would be a notable achievement for Franciszek Smuda's team.

Czech Republic: 66/1

By no means the force they once were, the Czechs were fortunate that Scotland wilted in the face of their previous reputation by not fielding a striker when they visited Prague. 

The victory for the home side in the Group I encounter was what eventually helped them grab a playoff spot, and they made the finals thanks to a workmanlike, yet unconvincing two-legged win over Montenegro.

Their top scorer in qualifying was fullback Michal Kadlec, and three of his four goals came from the penalty spot. 

Czech Republic is ranked a lowly 47th in the FIFA standings, the lowest of all the teams that had to come through qualifying.

Denmark: 66/1

The Danes were disappointing at the last World Cup, failing to make the knockout phase after losing 3-1 to Japan in their final group game in South Africa.

However, things are different this time around, with the Scandinavians ranked 10th in the world and topping their group above Portugal. 

Young stars like Christian Eriksen and Nicklas Bendtner will be two years older and wiser come the big kick-off next year, but that's not enough to convince many people they will repeat their surprise victory of 1992 by claiming the European crown.

Ukraine: 50/1

The higher ranked of the two joint-hosts, Ukraine have been given a mildly better chance than Poland of becoming the first host nation to lift the trophy since Netherlands in 1988.

Being among the top seeds may help, as could the incentive of playing the final in their own capital city.

Legendary striker Andriy Shevchenko will be knocking on for 36 by the time the tournament kicks off, but he remains their most likely source of goals, although midfielder Antonin Yarmolenko could make his mark in front of his own fans.

Croatia: 33/1

Unconvincing in qualifying, finishing second behind Greece, Croatia look a far cry from the side which reached Euro 2008 at the expense of England, despite having many of the same players on their squad this time around.

Their routing of Turkey in the playoffs avenged the last-ditch defeat they suffered at the hands of the same side four years ago, and got that particular monkey off their back. Manager Slaven Bilic will surely use that as a motivational tool.

With midfielders like Luka Modric, Niko Kranjcar and Ivan Perisic, there is plenty to suggest that there are goals in this team, and they will be a tricky obstacle for any higher ranked team that gets them in their group as third seeds. 

Russia: 28/1

Semifinalists four years ago, Russia's thrilling progress in Austria and Switzerland saw them beat Netherlands 3-1 en route to the last four, where they lost to eventual champions Spain.

Manager Dick Advocaat has a very similar squad to the one he inherited from Guus Hiddink, and his team's only defeat in qualifying was a shocking 1-0 home loss to Slovakia early in the campaign.

They will be more used to the local climate than most, but can an aging squad really go two steps further than they managed four years ago? The bookies don't seem to think so.

Portugal: 16/1

Yet again, one of the most naturally talented groups of players in Europe made hard work of reaching a tournament, needing a playoff win over Bosnia for the second straight time to qualify.

Since reaching the final on home soil at Euro 2004, the semifinals of the 2006 World Cup and the first knockout stage of their last two tournaments.

Still, when you have Cristiano Ronaldo on your side, you always have a chance. The Real Madrid superstar scored seven goals in qualifying and another two against Bosnia, and if he brings his best form to the finals, anything could happen.

Italy: 12/1

Cesare Prandelli should take a lot of credit for rebuilding a squad which was shown up as being too old and too complacent in South Africa last year. 

The Azzurri conceded just two goals and didn't lose a single game in qualifying, and with young talents such as Mario Balotelli and Sebastian Giovinco now delivering on their long-held promise, they are the dark horses of this championship.

If Antonio Cassano can recover from his heart scare in time to make the trip, then the 2006 World Cup champions will be an even more frightening proposition.

France: 12/1

Like Prandelli, Laurent Blanc has had to rip it up and start again as far as this campaign goes, following the most embarrassing meltdown of a squad in World Cup history.

Blanc's job was made easier by his ability to call upon Karim Benzema and Samir Nasri, two players who were inexplicably left out of Raymond Domenech's squad in South Africa, and with Franck Ribery back to his best this season, Les Bleus could be a real force.

Woe betide any team that draws by far the toughest team in Pot Four.

England: 10/1

Fourth favourites? Really? That is pretty much the general reaction in England to the prospects given them by the bookies, much the same as when they were temporarily ranked at fourth in the world by FIFA.

Still, Fabio Capello's side were unbeaten in qualifying, and in fact have gone through the whole of 2011 without losing.

But their chances have been greatly hampered by their best player, Wayne Rooney, being suspended for the entire group stage, pending an appeal from the FA.

Without their star man, England could be on the plane home before he even gets to play a game. 

Netherlands: 6/1

World Cup finalists last year, the Dutch boast a dazzling array of attacking talent, with the likes of Robin van Persie and Wesley Sneijder in their ranks.

Bert van Marwijk's team won nine of their 10 games in qualifying, that defeat coming to Sweden in the final match with their place in the draw already assured.

This is the only tournament the Oranje have ever won, but their status as one of the top seeds is well-warranted here.  

Germany: 3/1

The Dutch may be one place above them in the world rankings, but Germany proved they are deserving of their place just behind Spain in the eyes of the bookies by beating their neighbours 3-0 in a friendly earlier in the week.

Beaten in the final by Spain at Euro 2008, they also lost to the eventual world champions in the semifinals of the World Cup last year, both times by a 1-0 score.

Manager Joachim Loew has claimed all along that he was always bringing through the incredibly talented group of youngsters with this tournament in mind. Considering how they took South Africa by storm, that represents a worrying prospect for whoever gets them when the draw is made next month. 

Spain: 5/2

They may have looked more than a little jaded in their last two friendlies, a 1-0 defeat in England followed by a late salvo to seal a 2-2 draw away to Costa Rica, but Spain are still very much the team to beat.

Aside from drawing around half of their players from the two best club sides in the world, Spain also have foreign-based superstars in David Silva, Juan Mata and *ahem* Fernando Torres to choose from.

Like Germany, Spain went through qualifying with a 100 percent. Unlike Germany, they are the reigning World Cup and European champions, and no side has ever looked better equipped to become the first to retain the European title.