UEFA Nations League winner betting odds

The UEFA Nations League has reached the semi-final stage, and Ladbrokes runs you through the outright winner odds for the competition.

Current World Cup 2026 favourites Spain are also among the front-runners to win the Nations League this year, having beaten England to win Euro 2024 last year.

Spain are actually the reigning Nations League holders, having beaten Croatia to win the tournament in 2023, and they'll be hoping to continue their form and spark a period of real dominance, just as they did between 2008 and 2012 with Euros and World Cup glory.

With attacking options like Nico Williams and Lamine Yamal, currently one of the favourites to win the 2025 Ballon d'Or, Spain are understandably the front-runners, reaching the semi-finals after a breathless victory over the Netherlands.

Germany come next as second-favourites after their dramatic quarter-final win over Italy, with their opening-leg victory in Milan proving to be crucial ahead of an enterntaining 3-3 draw in Valencia.

France and Portugal both had disappointing results in the first legs of their quarter-finals, but both managed to turn the ties around and qualify for the semi-finals, as France beat Croatia on penalties and Portugal hit five against Denmark - despite Cristiano Ronaldo missing an early penalty.

The semi-finals take place in the first week of June, where favourites Spain will compete with France for a place in the Nations League final, while Germany take on the bookies' underdogs Portugal.

Fans may notice that England aren't in the running to win the Nations League, and that's because they actually spent 2024 in League B, after being relegated in 2022.

However, a successful campaign this time around saw England get promoted back to League A, meaning new manager Thomas Tuchel will have the chance to win the Nations League for the first time in 2027 - after the 2026 World Cup.

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All odds and markets are correct as of the date of publication.