After scanning this paper by Zeileis, Leitner & Hornik, I thought it would be interesting to see how the victory odds for each team changes as Euro 2012 progresses. To do this, I am going to collect the daily inverse odds of a tournament victory offered by a popular betting site for each team.
Here is the first plot. Day one corresponds to the pretournament odds as given in the aforementioned paper for the popular betting site. These odds were obtained on the 9th of May, while day two’s odds were collected this morning.
I’ll update this in a week.