As anticipation builds for the live shows this week, the 2026 Eurovision betting odds have been updated. The race remains wide open in the road to the Grand Final, though one nation has edged ahead at online bookmakers recently.
In this betting preview, I break down the opening winner odds, analyze the leading favorites, key dark horses, and share my early Eurovision 2026 predictions for bettors looking to find value before the market fully settles.
Eurovision 2026 Winner Odds
The following betting odds for Eurovision are courtesy of BetUS:
| COUNTRY | ODDS |
|---|---|
| Finland | +115 |
| Greece | +300 |
| Denmark | +500 |
| France | +600 |
| Australia | +750 |
| Romania | +1300 |
| Israel | +1400 |
| Ukraine | +2000 |
| Sweden | +2500 |
| Italy | +2500 |
| Norway | +3000 |
With the live shows getting underway, Finland (+115) is the betting favorite at top Eurovision betting sites. They’ve shot to the top of the board after Israel (+1400) was the opening favorite at +300. Israel’s odds to win Eurovision have taken a serious hit over the last two months, however.
In early March, Israel was the frontrunner for the 2026 Eurovision title, with betting markets giving them a 25% implied chance to win. Since then, their odds have collapsed from +300 to +1400, dropping their probability of victory to just 6.7%.
While Israel has been sliding, Finland has surged to the top of the board. Now priced at +115, Finland holds an implied 46.5% chance to win, nearly doubling their previous standing. They had earlier been listed at +350, with a 22.2% implied probability, good for second-best at the time.
Several other countries have also made significant moves up the odds table. Denmark (+500), France (+600), and Australia (+750) have all shortened considerably after being viewed as longshots just over a month ago. Their recent momentum suggests growing confidence from bettors.
On the flip side, traditional Eurovision powerhouse Sweden has taken one of the biggest hits. Felicia’s entry has not inspired the same early confidence, as Sweden’s odds have drifted from +800 all the way out to +2500. At that price, Sweden now carries only a 3.8% implied chance of winning during the live shows.
You can find up-to-date Eurovision 2026 odds at BetUS by navigating to Sportsbook > Entertainment > Music Futures > Eurovision.
Past Eurovision Song Contest Winners
There has been a variety of nations represented in the winner’s circle over the last decade. Sweden and Ukraine each won two titles as the only repeat winners since 2015. Historically, Sweden and Ireland hold the most Eurovision titles with seven apiece.
In 2025, JJ outlasted the field with his song “Wasted Love,” securing Austria’s third Eurovision title. Austria’s odds shortened steadily over the year, and JJ ultimately went off as the second favorite behind Sweden at +350.
That’s a stark contrast to 2023, when pop star Loreen was a heavy favorite and duly delivered for Sweden. Now, Sweden sits at +2500, still a threat, but far from the dominant favorite it once was.
This year, the last two champions aren’t near the top of the betting board. Austria is priced at +6000 to repeat, while Switzerland isn’t far behind at +5000.
| YEAR | ARTIST/SONG | COUNTRY |
|---|---|---|
| 2025 | JJ “Wasted Love” | Austria |
| 2024 | Nemo “The Code” | Switzerland |
| 2023 | Loreen “Tattoo” | Sweden |
| 2022 | Kalush Orchestra “Stefania” | Ukraine |
| 2021 | Maneskin “Zitti e buoni” | Italy |
| 2020 | Canceled | Canceled |
| 2019 | Duncan Laurence “Arcade” | Netherlands |
| 2018 | Netta “Toy” | Israel |
| 2017 | Salvador Sobral “Amar Pelos Dois” | Portugal |
| 2016 | Jamala “1944” | Ukraine |
| 2015 | Mans Zelmerlow “Heroes” | Sweden |
Eurovision 2026 Betting Favorites
Before delving into our top 2026 Eurovision picks, let’s analyze the top three favorites. These odds are subject to change as we inch closer to May, so continue to check back to see if there are new favorites at offshore sportsbooks.
Finland (+115)
Scandinavian performers have been well-represented in the Eurovision Song Contest over the years. Finland’s rival Sweden has been one of the dominant nations, but it comes as a surprise that the Finns haven’t won since 2006.
As the live shows approach, though, Finland is the clear nation to beat this year. The Finns look poised to end the drought and lift the trophy.
In an expected result in the UMK 2026 finals, Linda Lampenius x Pete Parkkonen won to advance to Eurovision 2026. It was a competitive contest, but they were by far the most Eurovision-ready act for Finland. Oddsmakers reacted favorably to their win, as Finland’s Eurovision 2026 winner odds improved from +500 to +350. Now, Finland has continued their upward trajectory to the top of the odds board at +115.
Lampenius is a classical violinist, while Parkkonen is a pop singer who finished third on Finnish Idol in 2009. He turned that appearance into a record deal with Sony BMG and went on to release several successful singles. Their performance includes full staging with props and special effects. It should translate well to the Eurovision stage in Vienna.
In 2026, Parkkonen reached a new peak in his career alongside Lampenius. Their single “Liekinheitin” remained No. 1 on the Spotify charts in Finland for nearly three months from its release in mid-January. Today, it still has a strong ranking in No. 4 four months later.
Finland had a few talented acts that would have done well at Eurovision 2026, so it was a good problem to have. However, the staging sets them ahead of the rest, and possibly the entire Eurovision field.
I’ve been optimistic about Finland’s chances to win even before Linda Lampenius x Pete Parkkonen were selected to go to Eurovision. It was clear that they were set to win the nomination to represent Finland. My confidence continues to flourish in this duo, so I can’t fault including them on your shortlist for Eurovision betting picks.
Greece (+300)
Greece hasn’t made a huge impact on the Eurovision stage in over two decades, but Akylas has a solid opportunity to put them back on the map. There is plenty of hype surrounding Akylas and his potential to lead Greece to Eurovision glory in 2026. The betting markets have reacted positively to Akylas recently, as his odds have shortened from +400 to +300 ahead of the live shows.
He is one of the most interesting performers and will be sure to garner plenty of attention and online discussion. Akylas is a high-energy act that promises to have a strong stage presence. However, how much will “Ferto” appeal to a wide audience?
The 26-year-old pop artist rose to prominence after winning the National Final and going viral on TikTok across Europe. While his style has clearly connected with younger audiences, many viewers still may not “get it” and will likely gravitate toward a more traditional performer with a stronger emphasis on staging.
Greece is finally back in the conversation, but Finland offers significantly more upside. Akylas has the profile to go deep in the contest, as his younger fanbase should drive a strong televote. Bettors have agreed, as Greece has steadily improved from an opening price of +600, to +400 in March, and now they’re at +300 with solid support on their side.
However, without much appeal to casual viewers, he’s unlikely to attract enough broad public support to be a serious contender for the win, so it’s worth looking elsewhere for your Eurovision winner pick.
Denmark (+500)
BetUS has seen a surge of money on Denmark over the past month. A steady stream of action has pushed Denmark’s price from around +2000 into a top-three contender at +500. There’s still work to be done, but there are clear reasons to be optimistic about Denmark reaching the Grand Final on Saturday.
Denmark is represented by Søren Torpegaard Lund, performing “Før vi går hjem” (Before We Go Home). The upbeat electro-pop track should land well with the televote at home and grade out nicely with the jury. Beyond his strong vocals, there’s also a theoretical, conceptual layer to Torpgaard Lund’s performance that could resonate with voters.
That combination is what gives Denmark a legitimate shot at winning. With quality vocals and smart staging, this act has one of the stronger overall packages in the field. The 2.9 million views for his national final performance on YouTube show it’s gaining real traction online. While that trails Finland’s 3.6 million views, it’s still an impressive number.
Right now, I rank Denmark ahead of Greece. Denmark still looks undervalued in the market, while Greece appears a touch overpriced. The real challenge will be getting past Finland. Everything in Denmark’s package is solid, possibly very good, but it may lack the truly spectacular moment needed to blow voters away.
Best Eurovision 2026 Longshot Bets
In addition to the favorites, there are a couple of underdogs worth keeping in mind for your Eurovision 2026 predictions and picks. These two selections include a ton of betting, so we suggest considering them for your best Eurovision bets at great odds:
Eurovision 2026 Predictions and Betting Pick
For Eurovision 2026, Finland is my standout winner pick. They’ve gone 20 years without lifting the trophy, and I fully expect them to throw everything at this campaign.
Last year, I backed Austria in the pre‑show markets after JJ’s staging impressed, and I see a similar setup here, with Finland poised to nail the staging.
The early signs from the National Final are outstanding, clearly a level above the current field. If they can translate that into the high‑pressure environment of the live shows, Finland could take firm control of the contest with surprisingly little pushback.
I first backed Finland to win at +500 in early February. When their odds shortened to +350, I added more after Linda Lampenius x Pete Parkkonen were confirmed as the winners, which I considered another strong betting opportunity. While you won’t find those numbers anymore, I don’t expect plus money to stick around for long.
At +115, Finland remains my preferred pick for the Eurovision 2026 outright winner.
Where to Bet on Eurovision 2026 Odds?
You don’t have to wait for the Grand Final to place your bets on Eurovision 2026! The odds for Eurovision are currently available on offshore sportsbooks. For our top recommendation for Eurovision betting, we suggest highly-rated BetUS to place your bets.
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