Portugal Euros Odds: Roberto Martinez's side 8/1 for second Euro success

Portugal head coach Roberto Martinez has named a 26-man squad for Euro 2024, with veteran Cristiano Ronaldo handed a chance to help repeat their 2016 triumph.

The Selecao are strong contenders for the summer tournament at 8/1 to win the trophy for a second time after their defence of the title ended in a disappointing round-of-16 exit at Euro 2020.

Martinez's team have been handed a promising path at the Euros after being drawn in Group F with Turkey, Georgia and the Czech Republic. They will open their campaign against the Czechs in Leipzig on 18th June.

Portugal Euro 2024 odds

To Win Outright - 8/1
To Reach Final - 7/2
To Reach Semi-Final - 6/4
To Reach Quarter-Final - 4/7
Group Betting (Win Group F) - 4/9
Group Qualification (Yes) - 1/25
Group Qualification (No) - 12/1

Ronaldo still the headline act but squad is strong

Portugal have a point to prove at the Euros after failing to contend for honours at their last two major tournaments.

Everything seemed to be going really well at the 2022 World Cup when they topped their group, despite a defeat in their final game to South Korea, and then smashed Switzerland 6-1 in the round of 16. 

Their campaign fell apart in the very next game, though, as they suffered a shock 1-0 quarter-final defeat by Morocco.

That leaves national hero Cristiano Ronaldo with unfinished business as he heads into his 11th major international tournament at the age of 39.

The five-time Ballon d'Or winner has a strong supporting cast this time and this squad looks like it could be one of the strongest the nation has ever assembled.

There will be a debate about whether Ronaldo still deserves to start given his advancing years and the fact that he plays his club football for Al-Nassr in the Saudi Pro League.

However, it would be hard for Martinez to leave out the most capped player in international football history, who has made 206 appearances for his country and scored 128 goals.

Conceicao makes a strong impression to earn his place

Martinez said at the press conference to announce his squad that he had a "perfect mix of experienced and young players" and Ronaldo is not even the oldest player in the squad as he also included 41-year-old defender Pepe.

Martinez has chosen nine players from the Premier League led by Manchester City's Bernardo Silva and Ruben Dias and Manchester United pair Bruno Fernandes and Diogo Dalot.

Liverpool forward Diogo Jota is also on the plane, along with Joao Palhinha of Fulham and three Wolves players - Nelson Semedo, Pedro Neto and Jose Sa.

Young talent comes in the form of Porto's 21-year-old winger Francisco Conceicao, while some of Europe's top teams are represented with Danilo Pereira, Nuno Mendes, Vitinha and Goncalo Ramos of Paris St-Germain joined by Barcelona pair Joao Cancelo and Joao Felix plus AC Milan's Rafael Leao.

Ronaldo is not the only one currently playing in the Saudi league, as his club team-mate Otavio Monteiro and former Wolves star Ruben Neves (Al-Hilal) also ply their trade there.

Injury rules out Bayern star Guerreiro

The quality of the players Martinez has opted to leave at home highlights the strength of the squad he is taking. 

Conceicao made an excellent impression when getting his chance against Slovenia in March and did enough in that training camp to secure his place ahead of the more experienced Pedro Goncalves.

Bayern Munich left-back Raphael Guerreiro is another notable absentee but in his case it was due to an ankle injury. 

Wolves defender Toti Gomes and Roma midfielder Renato Sanches plus Matheus Nunes, Ricardo Horta and Francisco Trincao are others who might have been considered who did not make the cut.

Portugal's prospects

Portugal should expect to be involved in the latter stages of the Euro 2024 tournament given the strong squad they have put together this time.

If they win their group, which should be expected, the only slight concern is that they meet the third-placed team in Groups A, B or C in the first knockout game. The qualifier from A or C should be no issue, but Group B's third-placed team is likely to be one of Spain, Croatia or Italy, which is more of a challenge.

France or the Netherlands are potential quarter-final opponents if Portugal win their group but it is more a question of whether Martinez can bring together a squad he has been working with for only 15 months.

If he can, and they won all 10 of their qualifying games with 36 goals scored and only two conceded, then the Selecao will feel they have the talent to take on even the few teams ahead of them in the betting.

Portugal are joint-fourth favourites for the trophy at 8/1, alongside neighbours Spain and behind only England, France and Germany, and they could be a popular pick to upset the market leaders.

This article was written by a partner sports writer via Spotlight Sports Group. All odds displayed on this page were correct at the time of writing and are subject to withdrawal or change at any time.

You can see the latest odds on Euro 2024 via our Euros betting hubs.