Bookies could be facing record-breaking payouts if Iceland win Eurovision this year.
The Nordic island came closest over ten years ago with a second placed finish in 2009.
But after a flurry of bets on Daði & Gagnamagnið with their viral pop hit ‘Think About Things’ it could be about to change.
So much so that we’ve had to slash odds on Iceland to win from 25/1 to just 7/2 in the last month. This suggests 39% of all bets favour Iceland to be crowned champions.
This would be an amazing turnaround for the country who failed to even qualify for the finals in three out of the last four years.
Ladbrokes’ Alex Apati said: “We haven’t seen this much interest in Iceland since Kerry Katona and Jason Donovan were dancing around the buffet table. But we could be looking at record-breaking payouts in the next few months if punters continue to back the clear Eurovision favourites.”
Elsewhere, the UK remain 33/1 outsiders for the crown, with 5/1 on offer for James Newman’s ‘My Last Breath’ to finish rock bottom.
Ladbrokes Latest Betting
Iceland to win Eurovision – 7/2
UK to win Eurovision – 33/1
UK to finish bottom at Eurovision – 5/1
Fancy getting involved, view all the latest Eurovision Song Contest odds here.
All odds and markets correct as of date of publication.