Brazil World Cup 2014 - Pre Tournament Odds 3/1
Much like Euro 2016, the hosts were also the favourites as Brazil hosted the World Cup in 2014. After getting out of the group with 2 wins and a draw, Brazil scraped their way past Chile on penalties and put in a solid, but not breathtaking performance against Colombia to set up what turned out to be one of the most memorable and strangest games a major tournament has ever seen. Brazil 1 Germany 7. The eventual winners Germany tore Brazil limb from limb as the footballing world was sent into shock. They ended up finishing 4th after losing 3-0 to the Netherlands in the 3rd and 4th play-off.
Get 33-1 on England winning Euro 2016 with Paddy Power
Spain Euro 2012 - Pre Tournament Odds 7/2
Poland and Ukraine hosted the Euro 2012 and this time it was the favourites who took home the title. Spain were 7/2 to win the tournament before a ball was kicked, after winning Euro 2008 and the World Cup in 2010. Much like Brazil, Spain took 2 wins and a draw in the group stage, thumping a poor Ireland side who felt the brunt of a team who were very much in their prime. They went on to beat France comfortably in the next round before edging past Portugal on penalties in the semi-finals. in the final they hammered a rather tired looking Italian side 4-0.
Italy World Cup 2006 - Pre Tournament Odds 10/1
2006 saw a competitive tournament and the favourites being as long as 10/1 demonstrates the quality on show. Many of the modern greats were in their prime and Italy, certainly had their fair share of them. The starting XI for the final included Buffon, Cannavaro, Pirlo, Totti, Materazzi and Gattuso, whilst Del Piero, Nesta and De Rossi all had to settle for a place on the bench. They conquered Zidane and company to lift the 2006 World Cup in Germany.
Argentina World Cup 2002 - Pre Tournament Odds 7/2
The World Cup hosted in Korea and Japan threw up an anomaly, as favourites Argentina couldn't even get themselves out of the group, thanks partly to England and Sweden. A tightly contested group saw Argentina finish 3rd with 4 points. A David Beckham 44th minute penalty securing a 1-0 win for England against the favourites, who needed to win their game with Sweden to go through but could only manage a draw. The eventual winner of the tournament was Brazil, with Ronaldo showing his class winning the golden boot, beating Germany in the final 2-0. Upon reflection, it's difficult to see how this Brazil side weren't the outright favourites before the tournament.
So where does this leave us for Euro 2016? The pre-tournament odds are very similar to that of the 2002 World Cup, with 3 teams closely priced between 3-1 and 5-1 (Germany, Spain and France) and a spread field after that. As we have just mentioned, Argentina didn't fare so well that year and it could be a similar story for France, who will be under some home pressure to deliver. Brazil were 3rd favourites that year and if the competition pans out like 2002, we could well see Spain going all the way with their tournament know-how and quality.