Strange grades. For example, here are the ratings from Stake:
France 6.00
England 6.50
Germany 6.50
Spain 9.50
Portugal 11.00
Italy 12.00
Belgium 14.00
Netherlands 15.00
Denmark 23.00
Croatia 31.00
https://stake.com/sports/outright/soccer/international/european-championship/42572755-euro-cup-2024In my opinion the second list is more accurate. Of course, I also disagree with such a low assessment of Croatia and I think that Croatia, Denmark and the Netherlands should be quoted equally. Otherwise, everything is more or less fair, especially given the randomness of what is happening in the playoffs.
This is more likely, Germany to be considered the best right now? You need to be dreaming and been asleep for 10 years in order to think like that, they haven't been the best for such a long time and that will not be possible. Unless something shocking happens then we are going to end up seeing France win this all, and that will be the best thing ever for them. I know that it is going to end up with something much more major and that should be the key point here but that doesn't change the fact that we can't see France as the highest favorites.
England is the same way and should be considered great but as we have seen from them before, sometimes they play so badly that they are not even anywhere in the elimination phase. Hopefully we see nothing shocking and the best teams go at each other.
Yes, Germany should be quoted much closer to Spain, which has already lost its greatness and is now assessed more or less objectively. But here I don’t even know how to evaluate such high odds from bookmakers - maybe the Germans (and by the way, many other people for historical reasons) bet on Germany, so the bookmakers take into account this cash flow. After all, Germany is many times richer than Spain, so here we see a bias in quotes.