XTRA Odds: TIX and Senhit enter bookmakers’ top ten

It’s time for XTRA Odds – our weekly look at the betting odds with the bookmakers! Apart from a couple of live performances, not a whole lot has happened in this past week. However, contrary to last week, when we hardly saw any changes with the bookmakers, this week, there’s some movement in the market…

How do these work?

Now, before we kick off with our analysis, we need to look at how these odds work. Basically, the lower your Eurovision odds, the higher the chance of victory.

A quick example: Currently, France are noted as third favourites to win. They have odds of 8/1. That means that for every €1 you bet, you win an extra €8 if Barbara Pravi does indeed win the Eurovision Song Contest in Rotterdam. Contrary to those odds are the odds for Albania. Anxhela Peristeri finds herself in last place at the moment, with odds of 250/1. If Anxhela were to win Eurovision 2021, you’d get €250 for every €1 you bet.

Shortening and drifting

Bookmakers are out there to make a profit. That’s why the more likely events will pay out less than something rather unlikely. It’s important to note that bookmakers don’t just decide how to rate each song – it’s not like they rank the songs by their own personal taste. They respond to what is happening in the market. The flow of money is key here. If a lot of people start putting money on Cyprus to win, it will start shortening – once again, when people bet, it’s looking like a more likely event, so the odds drop. At the same time, if the money flow stops, odds will start to drift, as it seems less people believe in a certain event. The more money goes into bookmakers, the more reliable the odds can be. Early in the season, hardly any money goes in.

Obviously, betting agencies don’t just look at their own screens. They will always keep an eye out for the other bookmakers. They will then follow the trend, to make sure their own balance is fine. When looking at other factors, they will also take into account how the country has performed at Eurovision. That’s why you’re more likely to see Russia and Sweden up there than Albania and Spain.

For our analysis of the betting odds, we’ll be looking at the betting odds provided by EurovisionWorld.

Odds Analysis: 5 April

In every article we post about the betting odds, we’ll analyse the changes we’re seeing, trying to find out where it comes from. This week, there definitely are some more changes as we see two countries entering the top ten. Who’s hot and… who’s not?

This week’s betting odds ranking

As we’ll be looking at the changes over the next few weeks, we’ll list the 39 entries and see how they’re doing below. Countries are ranked by the shortest and longest odds available. You can also see the changes, compared to the previous week.

For this, we have used the available odds on EurovisionWorld.com. We advise you to look at the odds there if you’re interested in those. We will only focus on the ranking of each country in our article.

Disclaimer: Odds can change fast! If you look at the current odds, you may see changes in the upcoming days. We will provide you with an update next week.

CountryEntryChange21/0328/0305/04
1. MaltaDestiny – Je me casse=111
2. SwitzerlandGjon’s Tears – Tout l’univers=222
3. FranceBarbara Pravi – Voilà=333
4. BulgariaVICTORIA – Growing Up Is Getting Old=444
5. ItalyMåneskin – Zitti e Buoni=555
6. SwedenTusse – Voices=666
7. IcelandDaði og Gagnamagnið – 10 Years=877
8. LithuaniaThe Roop – Discoteque=788
9. NorwayTIX – Fallen Angel+311129
10. San MarinoSenhit – Adrenalina+1121110
11. CyprusElena Tsagrinou – El Diablo-29911
12. FinlandBlind Channel – Dark Side-2101012
13. GreeceStefania – Last Dance+1151413
14. RussiaManizha – Russian Woman-1131314
15. RomaniaROXEN – Amnesia+1161615
16. MoldovaNatalia Gordienko – Sugar-1141516
17. AzerbaijanEfendi – Mata Hari=171717
18. UkraineGo_A – Shum+1191918
19. IsraelEden Alene – Set Me Free+5242419
20. BelgiumHooverphonic – The Wrong Place-2181820
21. CroatiaAlbina – Tick-Tock-1202021
22. United KingdomJames Newman – Embers-1212122
23. AustraliaMontaigne – Technicolour-1222223
24. AustriaVincent Bueno – Amen-1232324
25. North MacedoniaVasil – Here I Stand+5343025
26. PortugalThe Black Mamba – Love Is On My Side=272626
27. DenmarkFyr og Flamme – Øve Os På Hinanden-2282527
28. IrelandLesley Roy – Maps-1302728
29. SerbiaHurricane – Loco Loco+2333129
30. GermanyJendrik – I Don’t Feel Hate+3313330
31. The NetherlandsJeangu Macrooy – Birth Of A New Age-2292931
32. LatviaSamanta Tīna – The Moon Is Rising-4262832
33. PolandRafał – The Ride-1253233
34. SpainBlas Cantó – Voy A Quedarme+3393734
35. Czech RepublicBenny Cristo – Omaga=383535
36. GeorgiaTornike Kipiani – You-2323436
37. EstoniaUku Suviste – The Lucky One-1363637
38. SloveniaAna Soklič – Amen=373838
39. AlbaniaAnxhela Peristeri – Karma=403939

What do you think about the current betting odds? Is TIX’s climb into the top ten justified? Let us know!

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