XTRA Odds: Daði Freyr and Stefania emerge as Eurovision rehearsal winners

GO_A also still on the rise after yesterday

Another favourite has rehearsed! We’ve kicked off the rehearsals of the second semifinal at the Eurovision Song Contest 2021 with the first half. Iceland have re-emerged as one of the contenders after Daði Freyr and his Gagnamagnið went on stage. France have held on to their #1 spot they gained yesterday, but what other movement is there with the bookmakers? It’s time for XTRA Odds!

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, Italy are noted as fifth favourites to win. They have odds of 6/1. That means that for every €1 you bet, you win an extra €6 if Måneskin do 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: 10 May

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?

Full table

The table below displays the position changes we’ve seen since our first article in March. Below each date, you can see how the country was ranked at that update. The first column displays the current ranking.

We recommend viewing the table below on a desktop computer.

CountryEntryChange21 March28 March5 April11 April18 April3 May9 May
1. FranceBarbara Pravi – Voilà=3332221
2. MaltaDestiny – Je me casse=1111112
3. SwitzerlandGjon’s Tears – Tout l’univers=2223333
4. IcelandDaði og Gagnamagnið – 10 Years+28777856
5. ItalyMåneskin – Zitti e Buoni-15554444
6. BulgariaVICTORIA – Growing Up Is Getting Old-14445565
7. CyprusElena Tsagrinou – El Diablo+19911121298
8. LithuaniaThe Roop – Discoteque-17888787
9. SwedenTusse – Voices=6666679
10. UkraineGo_A – Shum+219191817181612
11. GreeceStefania – Last Dance+315141311101414
12. FinlandBlind Channel – Dark Side-210101213131110
13. San MarinoSenhit – Adrenalina=12111010111213
14. RussiaManizha – Russian Woman+113131414151515
15. NorwayTIX – Fallen Angel-411129991011
16. RomaniaROXEN – Amnesia=16161515141316
17. IsraelEden Alene – Set Me Free=24241918171717
18. CroatiaAlbina – Tick-Tock+220202121222120
19. BelgiumHooverphonic – The Wrong Place=18182020201919
20. AzerbaijanEfendi – Mata Hari-217171719191818
21. MoldovaNatalia Gordienko – Sugar=14151616162021
22. United KingdomJames Newman – Embers=21212222232322
23. IrelandLesley Roy – Maps=30272831302623
24. PortugalThe Black Mamba – Love Is On My Side+127262625272425
25. SerbiaHurricane – Loco Loco-133312929212224
26. AustriaVincent Bueno – Amen+123232424252727
27. GermanyJendrik – I Don’t Feel Hate+131333030292928
28. AustraliaMontaigne – Technicolour-222222323242526
29. DenmarkFyr og Flamme – Øve Os På Hinanden=28252728282829
30. The NetherlandsJeangu Macrooy – Birth Of A New Age=29293127313030
31. LatviaSamanta Tīna – The Moon Is Rising=26283232323231
32. Czech RepublicBenny Cristo – Omaga=38353535363332
33. North MacedoniaVasil – Here I Stand=34302526263133
34. PolandRafał – The Ride=25323333333434
35. SloveniaAna Soklič – Amen+137383838383636
36. GeorgiaTornike Kipiani – You+232343634343938
37. EstoniaUku Suviste – The Lucky One=36363736373837
38. SpainBlas Cantó – Voy A Quedarme-339373437353535
39. AlbaniaAnxhela Peristeri – Karma=40393939393739

What do you think about today’s bookmakers’ standings? Can Iceland threaten the #1 spot with Daði Freyr and his “10 Years”? Let us know!

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