Euro 2012 betting: New bwin Player Index issued
In the second instalment of our new value analysis, England still find themselves near the foot of the table.
England’s draw against France was a good start to the Euro 2012 tournament, but did the team deliver value for money?
Analysis by bwin in the bwin Player Value Index (BPVI), first published on 7th June 2012, suggests that the highly-paid England squad is underperforming.
The Three Lions’ odds have shortened slightly following the draw with France on Monday. Although the result gained a point for each team, the Group D table still reflects an underperformance by England against their lower-paid competition.
Many England fans felt the team lacked the ‘flair’ visible in the French team and the market has priced the teams accordingly. England therefore stay firmly at the bottom of the BPVI alongside Sweden and Ireland, who, in comparison to England, earn considerably less.
| International Friendlies | ||||
|---|---|---|---|---|
| England win | £31.00 | (11/20) | ||
| Draw | £75.00 | (11/4) | ||
| Republic of Ireland win | £100.00 | (4/1) | ||
bwin’s analysis looks at collective team wages and performance in the betting market. The England team, priced at 14/1, earns a table-topping collective wage that is 11% more than France. However, based on the performance against France, England’s salary premium is simply not justified.
You can see the latest index scores in the below table, which was compiled on June 13th.
Team Av. wage/week (£) Total wage/week (£) Odds Wage Rank Odds Rank Bwin Index
Denmark 12,322 283,400 33/1 16 9 7
Russia 25,057 576,300 11/1 10 5 5
Spain 54,728 1,258,750 57/20 5 1 4
Poland 12,676 291,550 40/1 15 11 4
Germany 56,359 1,296,250 33/10 4 2 2
Ukraine 14,596 335,700 40/1 13 11 2
Holland 36,259 833,950 12/1 6 6 0
France 69,609 1,601,000 7/1 2 3 -1
Italy 60,424 1,389,750 10/1 3 4 -1
Portugal 34,150 785,450 22/1 7 8 -1
Croatia 29,728 683,750 33/1 8 9 -1
Czech R 16,943 389,700 66/1 12 13 -1
Greece 14,430 331,900 300/1 14 15 --1
England 77,565 1,784,000 12/1 1 6 -5
Sweden 28,426 653,800 125/1 9 14 -5
Ireland 24,043 553,000 500/1 11 16 -5
The more flexible French team, currently backed at 7/1, is placed 7th on the BPVI, and although they are also highly paid, the market judges them more likely to be winners and justify their wage bill.
Warren Lush, Euro 2012 commentator at bwin, said: “Based on wages, England should easily overcome their next rivals, Sweden. If England realistically hope to progress in the competition they need to beat Sweden.
“If they don’t, Roy Hodgson will face the immediate criticism of taking the most expensive squad to the competition and seeing them fail to live up to the sum of their individual values.”
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Notes to editors:
The ‘bwin Player Value Index’ shows which teams customers think offer the best value for money. The research was compiled by looking at individual player wages for each EURO 2012 team, then calculating the index by ranking salaries and comparing against the odds for each team. Currently Denmark tops the BVPI reflecting a team that over-achieves from limited resources, whereas the market currently sees England, Sweden and Ireland players as ‘over paid’.
bwin will be monitoring performance of the teams throughout the tournament and regularly updating the bwin player value index.
Contact details:
Bwin spokesperson
Warren Lush, Warren.lush@bwinparty.com
Press contacts
For more information, please contact Rosie Everard rosie.everard@stickyeyes.com or Chris Webb chris.webb@stickyeyes.com / 0113 391 2929