There are 7 groups of teams hoping to win the European championships in 2008. These groups contain the two host nations Austria and Switzerland as well as these 14 other teams:Poland, Portugal, Italy, France, Greece, Turkey, Czech Republic, Germany , Croatia, Russia, Spain, Sweden, Romania and the Netherlands.

The winners of group A will play the runners up from group B and Vice-versa. The same system will decide the two winning teams from groups C and D. These teams will then go on to play in the Semi finals then two teams will go on to the final on the 29th of June. Teams from group A/B cannot play teams from C/D until the final.

Some betting sites have chosen their odds already although these will most likely change as the tournament nears. While some people bet for their country's team that is not an option for those of us in England. Germany have won the title 3 times and France twice. No other team who are competing have won more than once.

Choose your betting site wisely. Look for who has the best odds for the games you wish to bet on but make sure the site has procedures in place for disputed bets. Also make sure that the site is secure (look for the padlock icon). For example Bet365 is registered with IBAS who deal with disputed bets. They offer betting on all final stages of the Euro 2008 European Championships including the Euro finals.

Have fun and don't take it too seriously. Betting makes a fun hobby but a lousy job (unless you are really, really lucky!)