Euro 2008: latest betting

And then there were four. Semi-finalists Spain and Germany are now joint favourites to win Euro 2008 after last night saw coach Luis Aragones' side beat Italy to reach the semi-finals. Spain now play the tournament's surprise package Russia while Germany take on underdogs Turkey. Click here for a free £200 to bet on Euro 2008 with Canbet here The Spanish saw off world champions Italy 4-2 on penalties after a dour goalless draw in Vienna. Chances were far and few between during the 120 minutes of play with Italy coach Roberto Donadoni relying heavily on defence as Italy packed players behind the ball when Spain were in possession. The strategy of using target man Luca Toni failed to bear fruit and the Azzurri were left to pay the penalty in the shoot-out with Daniele De Rossi and Antonio Di Natale both having their spot-kicks saved by Spanish keeper Iker Casillas. "It was very difficult as the Italians closed down all the spaces, which made it difficult to play our natural game," said Aragones. "Like all the Spanish camp I'm delighted by this victory." La Liga top scorer last season Daniel Guiza missed his penalty for Spain but Arsenal midfielder Cesc Fabregas rolled home the winning penalty to seal their victory and bring to an end a remarkable run that had seen the Spanish knocked out of three major tournaments on penalties on the date of yesterday's game - June 22. "This is wonderful, it is impossible to find the words to express such an emotion," said Fabregas. "We are just simply delighted. This is an important victory for this young side. We have been waiting for this for a long time." Spain and Germany now share favourtism in the betting - both are 6/4 to lift the trophy aloft in Vienna on Sunday and the chances of the two meeting in the final are odds-on at 4/5. Semi-finalists Russia, who under the charge of Guus Hiddink have been the tournament's surprise package are a top price 4/1, with Turkey the rank outsiders at a general 12/1. Andrei Arshavin who has starred for Russia in the tournament is the target for several big clubs with Arsenal favourites to sign the £12million-rated playmaker before the start of the new Premier League season. Bookmakers go 5/2 that Arshavin heads to the Emirates Stadium and 3/1 that he stays in Russia with Zenit St Petersburg. Chelsea are 5/1 to sign him and Manchester United and Barcelona are 6/1 with Real Madrid 7/1 shots. Click here for a free £200 to bet on Euro 2008 with Canbet here