The latest FIFA Rankings were released this morning and whilst it’s always necessary to take them with an enormous pinch of salt, it’s time to assess which nations are over or under-valued going into Euro 2016.

Let’s start with France. The host nation are the favourites for the tournament at 10-3 despite being ranked as low as 17th in the world, behind the likes of Switzerland 67-1, Austria 40-1 and Netherlands who failed to qualify for the tournament.

By that measure, France are under-valued whilst Switzerland and Austria represent good value. I wouldn’t bet on Netherlands.

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Elsewhere, ranked second in the world and the top European nation, Belgium look a very good bet at 11-1. They will be without captain Vincent Kompany for the campaign which may explain why they are the fifth favourites to go all the way.

At 400-1 Hungary are rank outsiders but their ranking suggests they shouldn’t be. According to FIFA, they’re the 20th best team in the world, seven places ahead of 28-1 shot Croatia.

Similarly, Northern Ireland fans may feel aggrieved by their 500-1 price, and with Will Grigg on fire they might just be worth a couple of quid. Albania are the same price, but their ranking suggests this price is entirely justified.

Cast your minds back to Euro 2004 when Greece rocked up to the tournament at 150-1 and won it. Republic of Ireland are the only team at that price this year – dare to dream Ireland fans.

Belgium - 1pt @ 11/1