England are [3.8] second favourites to win Russia 2018, has World Cup fever taken hold of the Betfair Exchange? Max Liu runs through the betting...
"A small number of punters managed to keep calm and back England at [25.0] to win the World Cup after Jordan Henderson missed his penalty in last Tuesday's shootout against Colombia."
Almost £50 million has been matched on Betfair's World Cup winner market, and the encouraging news for England is that more than a third of bets have backed the Three Lions to win the tournament.
As England prepare for Wednesday's World Cup semi-final against Croatia - their biggest match since they played West Germany at the same stage in 1990 - they have been backed into [3.8] second favourites on the Exchange.
France, who play Belgium in the first semi-final on Tuesday, are [3.05] favourites to win the World Cup.
World Cup fever grips the exchange
As World Cup fever grips the UK, many fans say they've fallen back in love with England. After years of underachievement at tournaments, and dour friendlies and qualifiers in between, there is a new positivity about Gareth Southgate's England which millions of people are finding it easy to get behind.
That's reflected in the betting because, while most of the money wagered on back bets in the winner market is behind France, the majority of bets have been put on England lifting the trophy in Moscow next Sunday. It's incredible to even be talking about the prospect of an England World Cup triumph but 34% of bets in the winner market, shows that many people are daring to dream.
England matched at 24/1 in second round penalty shootout
If England do go all the way, then some punters will have extra reasons to celebrate. They would include those who managed to keep calm and back England at [25.0] after Jordan Henderson missed his penalty in last Tuesday's shootout against Colombia.
As for big money wagers on the Three Lions' success, one punter put £25k on England yesterday and stands to win £95k.
One customer has the chance to win £111k off one bet, putting £6k down on England at a price of [18.5] just after the tournament kicked-off
If all goes according to plan, it'll be some Sunday night where they are.
With just over 48 hours to until England's semi-final against Croatia, millions of pounds worth of bets are expected to be placed on the Exchange.