World Cup on Betfair: Huge betting shake-up as Spain join the big-name departures

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The most wide open World Cup for decades continues to spring surprises with Sunday's elimination of Spain being the latest headline grabber. Mike Norman has the details...

"Russia will now face the winners of Croatia v Denmark in the quarter-final with the winners of that match potentially facing a semi-final showdown with England."

Spain have been knocked out of this year's World Cup after a dramatic penalty shoot-out defeat to host nation Russia on Sunday afternoon.

Before even reaching the half way stage of the first knock-out round, Spain join Germany, Argentina, and Portugal in being eliminated from the tournament, meaning the World Cup Winner market now sees five nations trading at [8.0] or below, with the favourites France being available to back at [5.0].

Too negative or just not good enough?

Despite being heavy favourites to beat Russia, Spain lined-up with two holding midfielders in Koke and Sergio Busquests, while Andres Iniesta was left on the bench.

It all looked to be going well for Fernando Heirro's men when Sergei Ignashevich deflected the ball into his own net inside 12 minutes, but a moment of madness from Gerard Pique gave Russia the opportunity to equalise from the penalty spot. Artem Dzyuba made no mistake to bring the hosts level.

And from that moment on it seems like Russia would be happy to go to penalties. Spain failed to create any clear cut chances in the second half and extra-time, and when veteran goalkeeper Igor Akinfeev made two excellent shoot-out saves the home nation went into jubilation.

Russia will now face the winners of Croatia v Denmark in the quarter-final with the winners of that match potentially facing a semi-final showdown with England.

England thrid favourites to win the World Cup

Backed at a high of [30.0], England are now trading at just [7.0] to win the World Cup, and they are the only nation from the first four in the betting that are in their side of the draw.

Betfair Exchange prices at 18:30 on Sunday 1 July;

- France [5.0]
- Brazil [5.2]
- England [7.0]
- Belgium [7.6]
- Croatia [8.0]

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