Like the 15 odds for Spain to win outright. They have been dominant and look to have taken the same approach in all of their national sport teams, focus on young and agile players, building a team to dominate the future but are already dominating now. There are lots of too teams, the Serbians will be tough to beat and so will Germany.
No clue how Cyprus came into this mix but whatever. 
Probably outbidded. They are the only hosting team in the lowest seed pot.