Europe is currently experiencing an outbreak of international footballing optimism seldom seen in recent years, according to data from bwin.
The boys in black and gold took data from the UK, Spain, Germany, Italy, France and Belgium, with all bar one reporting the percentage of wagers backing the country where the account originated to win Euro 2016 to be well above average for the previous three major tournaments.
Belgium, England, France, Germany and Italy have all witnessed a greater proportion of outright winner betting turnover staked on their ‘home’ teams than the mean across Euro 2012 and the 2010 and 2014 World Cups.
The greatest change in relation to traditional levels of self belief seems to have come from the second nation mentioned.
Over the last three major tournaments, an average of just 10% of outright winner betting turnover in England has been wagered on the Three Lions.
Yet this time around the proportion of incoming monies staked on Roy Hodgson’s charges winning the European Championship is more than four times that.
Only Spanish bettors seem to be immune from this pandemic of pre-Euro 2016 punting patriotism, with the percentage of bwin’s Spanish tournament–winner income placed on Spain down to 31% from an average of 54% across the preceding three international tournaments.
A glance at the graphic below puts the downturn in conviction behind La Roja on the home front in a greater degree of context, showcasing the overwhelming confidence of the nation in its team at World Cup 2010 and Euro 2012.
By the time of Brazil 2014, just 14% of Spanish turnover went on Vicente del Bosque’s men, suggesting patriotic punters sensed their era of domination was a good deal more fragile than it had been – they’re more positive for Euro 2016.
Past tournament betting stats also illustrate just how disenchanted English bettors had become with the Three Lions. Just 2% of turnover on the World Cup 2014 winner market went on Hodgson’s men.
That nadir of belief serves to further double-underline the renewed confidence in the side ahead of the upcoming tournament, for which they are now 8/1 third favourites.