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They went very well in the Nations League, reached the semi-finals of the World Cup and, of course, they would have home advantage with Wembley set to host the semi-finals and final.
The other losing World Cup semi-finalist, Belgium, are also a consideration at odds of 6. They possess some of the best in the world in Eden Hazard and Kevin de Bruyne, and many observers believe that could finally be their year to win a major tournament.
It goes without saying that the world champions, France, have to be respected too. Italy is a country that has always had quality players.
Their coach has significantly lowered the average age of the squad, but we can't say if that will be advantageous next summer.
We think the Italy team will get high in the rankings, but we doubt that they would get to the top four. Italy used to be powerhouses of international football, but this is not really the case these days.
They have regularly underperformed at major competitions such as the Euros and the World Cup, however, Italy is still a nation where football is almost a religion.
Much like the German squad mentioned earlier, Italy managed to lose a load of talented players many years ago, but now they have plenty of young guns coming through.
Last but not least, we truly believe that Belgium has a fighting chance of reaching the latter stages of the Euro Championships. As we saw in the previous World Cup, Belgium has a squad that gels well together, and when a team is able to dispatch the likes of Brazil on a scale such as the World Cup, this is no small feat.
Belgium also managed to beat England twice in the previous World Cup, so we really do believe that they have a strong chance in next year's competition.
Their group is relatively easy with Russia, Denmark, and Finland as competitors. Maybe they will finally show their potential and lift the trophy, but the team seriously lacks in defenses.
We will see how Roberto Martinez will deal with it. Below, we have compiled all the top bookmakers' latest odds for the leading contenders in the tournament.
The odds for England and Belgium seem to be almost the same, with only slight differences. Keep in mind that these odds are valid when the article is published.
In time some odds may change, and there is a year before the event starts so that the odds might get lower. If you are sure in your prediction, take your chances and place the wager now, but if you aren't sure, you could wait a little more.
The most popular market for Euro from now until it begins is the outright market. There you pick the winner of the championship.
Note that you will have to place the bet before the event starts that's when you will get the best odds. As each contestant is disqualified, your odds will get lower.
Reaching the semi-finals of this prestigious tournament is an excellent achievement. You need to wager on if a team would reach that stage.
The odds provided are similar to the outright winner odds, but since there are four places to fill, you have a bigger chance of guessing.
The European Championship begins with a qualifying group stage. You have to wager if a team would qualify past the group stage or not. Popular teams and recent winners are favored in this category.
The goalscorer markets are famous in all football competitions, and it's the case in the Euros too. This market is difficult to predict with so much time left before the event starts, but when the time is right, it gets much traffic.
If you want to do something different, you can try betting on some unique markets related to the event. Top goalscorer. England Poland Sweden Grand Prix Denmark Prime minister after next election.
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Euro was scheduled to get underway on June 12 and take place in a dozen host nations around the continent, but with European domestic leagues along with the Champions League and Europa League put on hold in mid-March, the ensuing scheduling chaos forced UEFA to move the tournament.
The Euro field is comprised of 24 national teams, with 20 teams having already punched their ticket to the event and another 16 still battling for the final four spots.
Those final qualification matches were scheduled to be played in late March, but have been postponed until later in the spring or early summer depending on the health situation in Europe.
Odds as of March 20 at BetOnline. Serie A. Ligue 1. Champions League. All events. Bookmaker Promotions. All bookmakers. Read more.
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Crvena zvezda mts - Olympiacos.