Despite winning their first major trophy in France this summer, Fernando Santos' men are not expected to be among the main contenders for the World Cup in two years' time.
Cristiano Ronaldo and Co. conquered Europe despite winning just one of their seven matches within 90 minutes, and are generous 28/1 (29.00) outsiders with NetBet to ride their luck to glory on the global stage in two years time.
In contrast, Germany remain strong 5/1 (6.00) favourites to retain their title in Russia even after losing out in the semi-finals to France, who themselves can be backed at 10/1 (11.00) to improve on their silver medal display on home soil by going one better next time out.
Similarly, Argentina are available at 17/2 (9.50) to bounce back from their own Copa America final heartbreak by finally ending their trophy drought in 2018 – a task made all the more difficult by Lionel Messi’s retirement from international football.
Meanwhile, Brazil endured a torrid time of their own as they exited this summer’s Copa America at the group stages, but are still in their usual place among the favourites for World Cup glory at those same 17/2 (9.50) odds.
Having flattered to deceive yet again at Euro 2016, Spain are now priced at 11/1 (12.00) to return to the imperious form that saw them claim three consecutive major tournament victories when they travel East without the resigned Vicente Del Bosque.
Also under new management as Giampiero Ventura attempts to fill the hefty shoes of Antonio Conte, Italy are on offer at 16/1 (17.00) to lift a trophy they have held aloft four times in the past.
While Ventura has plenty to work with after another impressive Azzurri performance, Roy Hodgson’s successor faces an ominous task if he is to justify England’s rather slender 16/1 (17.00) price to end their catalogue of recent tournament failures.