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- Sweden 2/1 favourites to win Eurovision 2026 in Vienna.
- Italy and Ukraine sit joint-second in the early betting at 3/1.
- Hosts Austria are 6/1 to secure back-to-back wins.
Eurovision 2026 Betting Preview: Sweden Early Favourite Ahead of Vienna Showpiece
The countdown to the Eurovision Song Contest 2026 is officially on, with next year’s edition set for Vienna, Austria, following JJ’s victory with Wasted Love earlier this year.
The European Broadcasting Union (EBU) and Austrian broadcaster ORF confirmed Vienna as the host city on 20 August and attention now turns to who might take the crown in the world’s most-watched music competition.
As always, Sweden head into the market as the betting favourites, with bookmakers making them 2/1 to extend their incredible Eurovision legacy.
They currently share the record for most wins with Ireland and will be aiming to take the outright lead with another victory in 2026.
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Eurovision Song Contest 2026 Winner Odds
| Eurovision Song Contest 2026 Winner | Odds* | Probability |
|---|---|---|
| Sweden | 2/1 | 33.3% |
| Italy | 3/1 | 25.0% |
| Ukraine | 3/1 | 25.0% |
| Netherlands | 4/1 | 20.0% |
| Austria | 6/1 | 14.3% |
*As betting sites currently aren't taking bets on this event, odds have been compiled as theoretical probability from an entertainment perspective only and come from an industry expert
Sweden Start Favourite Again
Eurovision and Sweden go hand in hand.
From ABBA’s iconic win with Waterloo in 1974 to Loreen’s multiple triumphs, the Scandinavian powerhouse has consistently been the country to beat.
Their entry for 2026 is yet to be revealed, but punters will not be surprised to see them sitting at the top of the market at 2/1.
Eurovision Song Contest Betting: Predictions, Tips and Insights for the 2025 Show in Austria
Italy, Ukraine & Netherlands Among Main Challengers
Italy and Ukraine, both 3/1, are expected to push Sweden closest.
Italy’s recent Eurovision record has been strong, with Måneskin’s 2021 victory still fresh in fans’ minds.
Ukraine, meanwhile, remain perennial contenders with their loyal voting base and consistent song quality.
The Netherlands sit just behind at 4/1, while hosts Austria are 6/1 to defend their crown with another strong home entry.
