General margin overview
The optimal TRJ reaches 100.3% (combined best odds), a typical signal of a market with limited arbitrage opportunities but micro-gaps. Individual TRJs range from 91.1% (888sport) to 99.1% (Betfair/Matchbook), revealing variable margin severity across operators. Pinnacle shows 96.2%, acceptable but not among the most generous.
Where are the best odds?
On Spain's win, 1xBet offers 1.36 (marginally above Pinnacle's 1.33, slight value). For the draw, Winamax (DE) reaches 5.60 vs 5.32 at Pinnacle, a moderate gap. Austria's odds vary significantly: from 8.50 at Winamax (FR) to 12.00 at Unibet (FR), Betfair, and Matchbook. This 4.50-point spread reveals real market dispersion.
Value on Austria
Three bookmakers (Unibet FR, Betfair, Matchbook) offer 12.00 against Pinnacle's fair odd of 10.46: a +14.7% gap, notable value. Three others (Unibet SE/NL, Betsson) quote 11.00 (+5.1%), still above reference. These opportunities reflect relative undervaluation of Austria's win on these platforms. Conversely, Winamax (FR) at 8.50 significantly underpays.
Practical recommendations
The Value Bet calculator will confirm each odds' viability versus your personal probability estimate. The 100.3% TRJ makes surebets marginal but worth checking live. For a bettor seeking Austria exposure, 12.00 or 11.00 odds warrant careful comparison with your assessment. Overall margins remain substantial: prefer bookmakers offering at least 96–97% TRJ (Pinnacle, 1xBet, Betfair) to reduce long-term erosion.