Italy will aim to win a second consecutive European Championship when it heads to Germany for Euro 2024 this summer, and its odds to win are currently at +1600. The Azzurri have landed in a tricky group alongside Spain and Croatia, so they face an uphill struggle to reach the knockout stage. However, they have been in fine form since Luciano Spalletti replaced Roberto Mancini as manager, which could bode well this summer at the 2024 Euro.

Italy’s odds to win Euro 2024

The Azzurri have struggled since beating England on penalties in the final of the last European Championship. They failed to qualify for the 2022 World Cup, a source of great embarrassment for Italian soccer fans.

The team also lost home and away against England during the Euro 2024 qualifying campaign, but it eventually compiled enough points to secure a place at the tournament. Yet recent results suggest that Italy may have turned a corner. The Italians have secured five wins, two draws, and just one defeat since Spalletti took the reins, so they are starting to build momentum at the right time.

Italy vs. Albania odds & betting preview

Italy will begin its title defense with a game against Albania on June 15. The Azzurri beat Albania 3-1 in a friendly a couple of years ago, so they are the heavy favorites to win this match.

Albania is ostensibly the weakest team in Group B, as it is No. 64 in the FIFA world rankings, whereas Spain is eighth, Italy is ninth, and Croatia is 10th. That makes this a must-win game for Italy, as it will need to build up momentum before facing Spain and Croatia.

Yet the Albanians are dangerous in attack, and Italy’s defenders will have their work cut out against Chelsea striker Armando Broja, so this game is by no means a slam-dunk for the favorites.

Other Euro 2024 futures on Italy

In addition to the above futures bets on Italy, you can also consider the following European Championship options:

Stage of elimination

This requires you to specify when the Italians will be knocked out of the Euros. These are the soccer betting options at bet365:

Alternatively, you can bet on Italy to reach a particular stage of the tournament. For example, it has odds of +150 to reach the quarterfinals and +333 to reach the semifinals. If you bet on one of those, you would win if Italy makes it to that stage, regardless of what happens after.

Top goalscorer

Sportsbooks will also take bets on which player will finish the Euros as the top scorer. Ciro Immobile is Italy’s main goal threat, so he could be an interesting long shot for the Golden Boot, although he will not be among the favorites.

Betting on Italy’s Euro 2024 games

Legal online sportsbooks will offer hundreds of betting options on all of Italy’s games at the Euros. These are the main ones:

Moneyline

A bet on the result of a game. For example, sportsbooks are offering on Italy to beat Albania in its opening game and on Albania to win.

Handicap

The sportsbooks will give one team a handicap, and you can then bet on which team will cover the spread. For example, Italy is at against Albania.

Double chance

This is a two-way moneyline bet, which will push if the teams draw (tie). It is a useful option if you think Italy will win but you are concerned that the game might end in a draw.

Total goals

You can bet over/under on the total goals by both sides in a game. For example, you might find an over/under of .

Player props

These bets focus on an individual player’s performance. For example, you could bet on Ciro Immobile to score first, last, or at any time in a game, or you could potentially place a wager on one of Italy’s defenders to receive a yellow card.

Explore more soccer odds

There are plenty of other ways to bet on soccer outside the 2024 Euro tournament. LegalSportsReport has resources for all things soccer, including the Copa America and World Cup. Feel free to check out our additional guides below.

Italy’s potential path to victory

Italy’s potential path to a second consecutive title will depend on how it performs during the group stage. The Italians are underdogs to win Group B, as sportsbooks expect them to finish second or third. If they finish second, they would face the runner-up from Group A in the Round of 16. That is likely to be Switzerland or Hungary. If they continued winning, they would then potentially face England in the quarterfinals, France in the semifinals, and Spain, Germany (Group A), or Portugal in the final.

If Italy finishes third in Group B, it could face the winner of Group E or Group F in the Round of 16. Belgium is the heavy favorite to win Group E, and Portugal is the clear favorite to win Group F. The Italians will be keen to avoid both of those teams at such an early stage in the tournament, so it will be important for them to finish first or second in their group.

Italy group stage fixtures

Italy will need to hit the ground running to qualify for the knockout stage of the tournament. It is the clear favorite to beat Albania in its opener, but it then faces two very strong opponents in Spain and Croatia.

Why Italy could win Euro 2024

Italy beat Belgium, Spain, and England en route to winning the European Championship three years ago. It was the underdog in all three games, but it kept defying the odds. A few key players have retired since then, and results have gone south, but the nucleus of that team is still in place. The Azzurri know how to get the job done in big European Championship games, and that experience could prove vital.

What could stop Italy from winning Euro 2024?

Italy’s results have been underwhelming since the team won the Euros in 2021. Many of the players who inspired the Azzurri to that famous victory have regressed in the ensuing years. Federico Chiesa has been dogged by injuries, and Ciro Immobile has also spent a lot of time on the treatment table.

Defensive lynchpin Giorgio Chiellini has retired, fellow defender Leonardo Bonucci is on his last legs, and Marco Verratti and Lorenzo Insigne are no longer in contention. Italy needs exciting youngsters to replace those players, but the next generation is not as promising as the one that preceded it, so Italy is behind England, France, Germany, Spain, Portugal, and Belgium in Euro 2024 futures odds.

Key player: Gianluigi Donnarumma

Donnarumma was the hero for Italy in 2021, as he made two crucial saves in the penalty shootout against England. UEFA named him Player of the Tournament, which was the first time a goalkeeper had won the award. Donnarumma may be busier at Euro 2024, as the Chiellini-Bonucci axis will no longer protect him, so he will likely need to be in peak form.

How has Italy performed in past Euros?

Italy has an impressive record in this tournament. It won the Euros in 1968 and 2020, and it also was the runner-up in 2000 and 2012. The Azzurri have also won the World Cup four times during their illustrious history, which makes them one of the most successful teams of all time.

Italy: Euro FAQ

How did Italy qualify for Euro 2024?

Italy finished second in its Euro 2024 qualifying group, with four wins, two draws, and two defeats in eight games. The Azzurri ended up level on points with Ukraine, but they finished second courtesy of a superior goal difference. That earned them automatic qualification to the Euros.

Where will Italy’s Euro 2024 group stage games take place?

Italy’s Euro 2024 campaign will begin with a game against Albania at Signal Iduna Park, which is Borussia Dortmund’s home stadium. Luciano Spalletti’s team will then face Spain at Veltins-Arena in Gelsenkirchen, and its final group stage match will be against Croatia at Red Bull Arena in Leipzig.

Will Leonardo Bonucci play for Italy at the Euros?

Bonucci has not retired from international soccer, so he could play for Italy if he makes the final cut. The 36-year-old defender recently moved from Union Berlin to Fenerbahçe in a bid to play regular football in the build-up to the tournament, so he will be hopeful of securing a place on the Italian squad.