With England’s chances of Euro 2016 glory fully extinguished, the deluded dream is over for England fans and thoughts now turn to the bets that offer a realistic outcome but still produce value.

The team to turn to in that search could well be Italy as outright winners. After being as big as 18/1 before the tournament they have shortened to 7/1 with 888sport, Unibet and 32Red - still great value.

Just like before the tournament, France (11/4), Germany (3/1), and Belgium (4/1) are considered favourites ahead of Italy, who take on the current world champions Germany in the quarter-finals on Saturday. There is no denying it will be extremely tough against a German side who have progressed to the semi-final stage of all four major tournaments since Joachim Low took charge. But if Italy do win, a 3/1 price (in 90 minutes), then they could become the favourites and prove why getting on them now is a must.

Mats Hummels may not have been terrified of Will Grigg in Germany's final Group C clash against Northern Ireland but he has admitted he is worried about going a goal down against Italy. The German defender has good reason to be concerned when you look at Italy’s record against the Germans.

Two goals from Mario Balotelli in the Euro 2012 semi-final was enough for a 2-1 victory over Germany, who have never beaten Italy in a competitive fixture. The Germans will, however, be keen to reproduce a similar performance to their 4-1 thumping of the Italians in an international friendly in March 2016.

Just behind Italy are Portugal at 7/1 with the majority of bookmakers while there is a gap to Poland at 18/1 and Wales as big as 30/1 with StanJames and 888sport. If you are feeling really optimistic and expecting a team to produce the same heroics Greece did in 2004 then get on Iceland at 40/1. Even better if you got on them at 125/1 before the tournament though. It's perhaps an unrealistic bet but there may be some saving grace in that at least England fans would be able to claim England were knocked out by the winners.

Italy to win Euro 2016 - 1pt @ 7/1