Eurovision Betting Update: Money continues to pour in for Italy

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Italy will win this year’s Eurovision.

At least, that’s the view of the majority of punters, who’ve been piling in on Francesco Gabbani to do the business for the Italians for the first time since 1990.

Remarkably, 26.4 per cent of all stakes taken at the time of writing have been on the singer-songwriter, which is all the more impressive when you consider he’s up against 39 other acts.

But what about the UK?

Well, unfortunately for Lucie Jones, it doesn’t look as though she has the backing of the United Kingdom.

In fact, only 11.2 per cent of all bets taken have gone on the former X Factor contestant.

That could all change in the coming weeks though, but as things stand, our traders can’t see her threatening the likes of Italy (6/4) and Belgium (5/1) and have made her a 25/1 shot.

Meanwhile, San Marino hopefuls Valentina Monetta and Jimmie Wilson have more chance of winning this competition (100/1) than their nation’s football team do of winning their respective World Cup group (5000/1).

Any big bets?

At the moment, no.

Two punters have placed three-figure sums on Italy, but we’re expecting plenty more to pile in between now and the main event, which takes place on May 13 in Ukraine.

The odds could all change between now and then though.

Last year’s winners (Ukraine) headed into the contest as 8/1 shots on the morning of the big day, yet were as long as 33s just two months prior to that.

Anything could happen between now and May 13. But who do you fancy to go all the way at this year’s Eurovision?

Last year’s winners are 33/1 for what would be an unlikely double – something which has only happened on five occasions since the competition began in 1956.

Let us know your thoughts in the comments section below, or bet on Eurovision here!

All Odds and Markets are correct as of the date of publishing

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Alex Apati

Having graduated from Birmingham City University with a degree in Creative Writing with English, Alex joined the News team following a three year stint working for Ladbrokes behind the counter. When he's not watching darts, he's throwing them. Failing that you'll find him YouTubeing Thierry Henry's greatest Arsenal goals.