Eurovision 2024: Ukraine is now the frontrunner to win!

As February, the most crucial month of the pre-Eurovision period, unfolds, national finals are multiplying week by week. Simultaneously, an increasing number of songs that will compete in the 68th Eurovision Song Contest are being revealed. For this reason, one of Eurovisionfun’s most beloved and discussed columns returns, featuring betting analyses for Eurovision 2024.

As you prepare for an “hot” Eurovision February with the reveals of most entries ahead of May, bookmakers are already hard at work. The section for the winner of Eurovision 2024 is already available at some companies. Let’s take this opportunity to present what has been observed so far for the upcoming competition.

Ukraine Emerges as a Strong Favorite

As mentioned in the introduction, February is the month of numerous national finals. The first “Super Saturday” of the year has already caused reshuffling in the betting odds. Ukraine stands far ahead in the first position. The Eastern European country, consistently at the top of the betting boards in recent weeks, is considered the major favorite by bookmakers to win in Malmo.

The triumph of Alyona Alyona & Jerry Heil at Vidbir, where they convincingly outperformed their competitors, has significantly affected the odds for Ukraine‘s victory in the 68th Eurovision Song Contest. At present, Ukrainian victory returns up to 3.5 times the stake, compared to odds ranging from 5.7 to 7 just a few days ago.

With the widespread sympathy towards Ukraine due to the ongoing Russian invasion and the quality of Ukrainian entries in Eurovision, betting companies consider the fourth win for Ukraine in its twenty-year Eurovision history highly probable. The competition’s current odds have also been influenced by the relatively weak competition compared to previous years.

Top 5

The United Kingdom maintains its second position. The odds for the United Kingdom have dropped and are lower than they were ten days ago. The assignment to Olly Alexander and the expectations created by the BBC’s choice put pressure on the odds, ranging between 6 and 7. Currently, the United Kingdom appears as the most likely competitor to Ukraine based on bookmakers.

Italy retains the third position just a day before the highly anticipated Sanremo Festival, which boasts one of its strongest line-ups in its long history. The odds for Italy have slightly decreased, and the country is currently offered in odds between 8 and 10. The events in the small Ligurian town in the coming days are expected to influence Italy’s standing in the betting odds.

Iceland occupies the fourth position. Bashar Murad‘s song in Iceland’s national final did not convince bookmakers that it could secure the coveted victory in Reykjavik. Iceland has fallen to the fourth position with noticeably declining trends. The potential maiden victory for Iceland is currently being betted between 7 and 12 times the stake.

Sweden secures the fifth position. As the host country of the 68th Eurovision Song Contest, Sweden is once again considered one of the major favorites. The odds for Sweden winning within its borders are between 11 and 13, showing a slight increase compared to the last analysis.

Top 10

In the sixth position is Israel, which sees its odds fluctuate but still maintains a relatively high position. The geopolitical reality and the war in Gaza keep Israel in contention, with victory odds ranging between 11 and 13.

From seventh place onward, significant deviations from the top six countries begin. Lithuania, in seventh place, has seen a considerable drop in odds, with the potential maiden victory returning up to 26 times the stake.

The same trend is observed for Norway, Ireland, and Croatia, which complete the top ten. All three are playing with odds above 20, with Norway‘s odds turning red after the Gåte‘s selection, while Ireland‘s turned green following the choice of Bambie Thug. Croatia‘s entry – most possibly – by Baby Lasagna and the artist’s popularity have brought Croatia into the top ten for the first time this season.

https://www.youtube.com/watch?v=k_8cNbF8FLI

Can Alyona Alyona & Jerry Heil make history in Malmo and give Ukraine its fourth victory in twenty years of Eurovision participation? Share your thoughts in the comments! Eurovisionfun will continue to provide updates and analyses as the Eurovision journey unfolds. Stay tuned for more exciting developments in the world of Eurovision 2024!