Eurovision Song Contest 2023: Latest Odds & Favourites

The countdown is on for the 2023 Eurovision Song Contest, and with the host city and presenters announced, all eyes are now on the betting markets to see who the favourite to win is.

Who are the Eurovision favourites?

According to the latest odds, Sweden is the clear favourite to win the competition, with bookmakers offering odds of 8/13 on them taking home the title. With six Eurovision wins under their belt, including their most recent success in 2015, Sweden is sitting pretty as the second most successful country in the history of the competition.

If Sweden does manage to win the competition in 2023, they will draw level with Ireland as the most successful country in the history of Eurovision, so there is a lot at stake for the Swedish entrant.

Interestingly, bookmakers are also predicting that a Scandinavian country will win the competition if Ukraine can’t defend their title. Finland is next best in the betting, with Norway also featuring in the top 10 countries to win.

Where is Eurovision 2023 being held?

Liverpool is the host city for the 2023 Eurovision Song Contest, and it will be the first time the competition has been held in the city. The UK has hosted the competition eight times previously, but these events were held in London, Brighton, Harrogate, Edinburgh, and Birmingham.

Who is hosting Eurovision Song Contest 2023?

The presenters for the 2023 competition have also been announced, with Ted Lasso star Hannah Waddingham, Alesha Dixon, and Ukrainian singer Julia Sanina set to host the event. Eurovision legend, Graham Norton will also be on hand to provide commentary for the grand final on May 13th.

Eurovision Song Contest 2023 Favourites & Odds

Sweden

Sweden, one of Eurovision’s most successful countries with six wins, is expected to do well with Loreen’s energetic pop song ‘Tattoo’. The previous champion, who won in 2012 with ‘Euphoria’, is back for a second time in the hopes of securing Sweden’s first win of the decade.

Finland

Finnish singer Käärijä aims to follow in Lordi’s footsteps, the only Finnish act to win Eurovision, with his unique song ‘Cha Cha Cha’. The track features a mix of techno beats, distorted guitars, rapping, and an infectious chant that’s sure to impress viewers and judges alike.

Ukraine

Ukrainian duo Tvorchi’s ‘Heart of Steel’ is a dark and brooding electropop song with R&B elements, predominantly sung in English but with snippets of Ukrainian. Inspired by the country’s defenders in the face of adversity, the song is sure to resonate with many in the spirit of Eurovision’s goal of uniting European countries.

Norway

Norwegian Alessandra, who gained popularity through The Voice, will represent her country with ‘Queen of Kings’, an electronic track focused on female empowerment. While Norway has won the contest three times, most recently in 2009 with ‘Fairytale’, Alessandra’s powerful vocals and Norwegian-English lyrics may put them back on top.

Spain

Spain, currently holding the longest victory drought, hopes to change that with Blanca Paloma’s ‘Eaea’. Combining flamenco and electronic music, the song has gained attention from bookies and is currently ranked as the fourth favourite. Will it Spain end a 53 year baron spell?

Eurovision Betting Markets

Outright Winner

This is the most straightforward and popular type of Eurovision bet. You choose the country that you believe will score the most points and win the competition. However, winning the contest is not just about having the best song; experienced bettors also take into account political and geographical factors.

Each-Way Betting

If you are confident that your selection will do well, but not necessarily win, you can make an each-way bet. This involves placing two equal stakes, one for your selection to win and the other for it to finish in a high position. The payout for the second stake is a fraction of the win odds, and bookmakers may offer different numbers of places paid. For instance, 10Bet pays out for the top four places at 1/5 the win odds. If your selection wins, you receive both parts of the bet and maximise your return.

Top 5 Finish

This type of bet is quite straightforward: you wager on a selection to finish among the top five in the final leaderboard.

Top 10 Finish

With this bet, you bet on a selection to gather more points than over half of the 26 countries participating in the contest and finish in the top 10.

Top Big 5 Country

This market involves predicting which of the Eurovision’s Big 5 countries (France, Germany, Italy, Spain, and the UK) will perform best and earn the highest points. The Big 5 countries enjoy direct entry into the Eurovision final by contributing the most significant financial contributions to the European Broadcasting Union.

Top Scandinavian/Nordic Country

This type of bet allows you to wager on which Scandinavian or Nordic country (Norway, Finland, Sweden, Denmark, and possibly Iceland) you think will perform the best in the contest. Sweden is the most successful Nordic country, with six total wins, and is likely to be a favourite among many bettors, especially with 2012 champion Loreen returning.

Top Baltic Country

In this market, you bet on which of the three Baltic countries (Estonia, Latvia, and Lithuania) will perform the best. Lithuania is currently the frontrunner in this category, represented by Monika Linkytė’s song ‘Stay.’

Top Balkan Country

If you want to bet on southeastern European countries, you can choose this market and predict which of the six countries (Albania, Croatia, Greece, Romania, Serbia, and Slovenia) you think will perform the best. The bookies’ current favourite is Serbia’s entry, ‘Samo Mi Se Spava’ by Luke Black.

Last Place

This bet is quite tricky, as it is often difficult to predict which country will finish last in the competition. While some countries, such as the United Kingdom and Germany, have had disappointing results in recent years, Norway holds the record for finishing last the most times – a total of 11.

Country vs. Country

If you want to create a friendly rivalry between two countries, you can make this bet. You choose one country to win over another country, and both selections must compete against each other for the bet to succeed.

Which countries are participating in Eurovision?

A full list of countries can be found below with 10Bet bookmaker odds & prices:

• • Sweden @ 4/9
  • Finland @ 5/2
  • Ukraine @ 8/1
  • France @ 14/1
  • Spain @ 14/1
  • Israel @ 16/1
  • Norway @ 20/1
  • Italy @ 40/1
  • United Kingdom @ 40/1
  • Austria @ 50/1
  • Armenia @ 66/1
  • Belgium @ 66/1
  • Croatia @ 66/1
  • Australia @ 80/1
  • Switzerland @ 125/1
  • Moldova @ 150/1
  • Slovenia @ 200/1
  • Serbia @ 200/1
  • Germany @ 200/1
  • Cyprus @ 200/1
  • Poland @ 200/1
  • Estonia @ 200/1
  • Lithuania @ 200/1
  • Portugal @ 250/1
  • Albania @ 250/1

Note: Odds are subject to change, were correct as of 10Bet prices 11:15 BST 12th May