After memorably reaching the semi-finals in France, Rob Page's squad face a tough task matching that feat, according to the Wales Euro 2020 odds.
Chris Coleman's side stunned Belgium on their way to the last four in 2016 and the key players in that side – Gareth Bale, Aaron Ramsey and Joe Allen – are still around, although the retirement of Ashley Williams has weakened the defence.
Wales were led by Ryan Giggs for much of a lacklustre qualifying campaign, during which they only scored 10 goals in eight matches to pip Slovakia to the runner-up spot, but Page will continue in caretaker charge for this tournament.
Real Madrid outcast Bale, who finished a loan spell with Tottenham in good form, and Juventus midfielder Ramsey will be expected to guide a youthful side which includes promising talents such as Manchester United winger Daniel James, Joe Rodon and Ethan Ampadu.
Goalkeepers: Adam Davies (Stoke), Wayne Hennessey (Crystal Palace), Danny Ward (Leicester)
Defenders: Ethan Ampadu (Chelsea), Ben Cabango (Swansea), Ben Davies (Tottenham), Chris Gunter (Charlton), Tom Lockyer (Luton), Chris Mepham (Bournemouth), Rhys Norrington-Davies (Sheffield United), Connor Roberts (Swansea), Joe Rodon (Tottenham), Neco Williams (Liverpool)
Midfielders: Joe Allen (Stoke), David Brooks (Bournemouth), Rubin Colwill (Cardiff), Daniel James (Manchester United), Dylan Levitt (Manchester United), Joe Morrell (Luton), Aaron Ramsey (Juventus), Matthew Smith (Manchester City), Jonny Williams (Cardiff), Harry Wilson (Liverpool)
Forwards: Gareth Bale (Real Madrid), Kieffer Moore (Cardiff), Tyler Roberts (Leeds)