England favourites to win European Championships 2008

ENGLAND have been installed as favourites to win the 2008 European Championships following this morning's draw in Montreux.

Bookmakers Ladbrokes rate the Three Lions at 5/1, ahead of Holland at 6/1 and Italy and Germany at 7/1.

The team, who have been paired with Croatia, Russia, Israel, Estonia, the Former Yugoslav Republic of Macedonia and Andorra in Group E will have a new manager by the time they begin qualification.

And Bolton's Sam Allardyce remains the 5/2 favourite to succeed the Swede at Soho Square.

Walter Smith's Scotland are 200/1 to lift the trophy, with Wales and Northern Ireland both considered 250/1 shots.

Ladbrokes spokesman Robin Hutchison said: "It remains to be seen what England will do in this summer's World Cup - but they have what it takes to win Euro 2008.

"Had it not been for Wayne Rooney's injury in Portugal they may well have gone on to win Euro 2004.

"He and the new crop of talented youngsters emerging in the English game will be desperate to make amends."

Reigning champions Greece 40/1 to repeat their success in Portugal, with the beaten finalists 16/1.

LATEST BETTING

EUROPEAN CHAMPIONSHIP 2008

England 5/1
Holland 6/1
Italy 7/1
Germany 7/1
France 9/1
Spain 9/1
Sweden 16/1
Czech Republic 16/1
Portugal 16/1
Russia 25/1
Switzerland 25/1
Ukraine 25/1
Denmark 33/1
Greece 40/1
Austria 50/1
Croatia 50/1
Poland 50/1
Turkey 50/1
Republic of Ireland 50/1
Romania 50/1
Serbia Montenegro 66/1
Norway 66/1
Bulgaria 100/1
Belgium 100/1
Bosnia 150/1
Latvia 150/1
Slovakia 150/1
Scotland 200/1
Wales 250/1
Northern Ireland 250/1
Finland 250/1