The odds that matter following England’s historic 2-0 win over Germany

Sterling delivered at 13/2 as Gareth Southgate’s side took over Euro 2020 favouritism.

It's England's European Championship to lose now, according to the bookies following their historic 2-0 win over fierce rivals Germany on Tuesday evening.

Gareth Southgate attracted criticism before the match with an ultra cautious line-up which saw Jack Grealish, Phil Foden, Mason Mount and Jadon Sancho all consigned to the bench.

However, the England manager had the last laugh as second-half goals from Raheem Sterling (13/2 to open the scoring with Planet Sport Bet) and Harry Kane saw the Three Lions through to the last eight.

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Luke Shaw delivered an assist at 11/2, while Jack Grealish emerged off the bench to play a part in both goals, crossing to Kane for the nerve-calming second after Thomas Muller had fluffed a glorious opportunity to equalise.

A 2-0 win for England had been priced up at 11/1 at kick-off, while it was 10/3 for England to win to nil. Draw-England was 5/1.

What's next?

England went into the Germany clash as 4/1 third favourites for the tournament behind Spain (3/1) and Italy (7/2) but shortened to 9/4 favourites in the immediate aftermath of victory.

Ukraine's dramatic extra-time win over Sweden saw their odds plunge even further to 15/8 and Scott Allen, spokesperson for Planet Sport Bet, said punters are now starting to believe this could be England's year.

"All the talk pre-match was about Southgate's negative team selection but there's no doubt his side is getting the job done," said Allen. "There's a steely determination to England and that is reflected in the odds.

"Ukraine are no mugs and coach Andriy Shevchenko knows the English game well but Tuesday night's win will have taken it out of them - they were dropping like flies towards the end.

"With Denmark or Czech Republic standing between the winners and a place in the final, England are firm favourites to emerge from their side of the draw.

"And, with home advantage in the final, England will be confident whoever they face."

Artem Dovbyk's 121st-minute header saw off 10-man Sweden at Hampden to secure Ukraine's place in the last eight. However, despite their odds tumbling from 66/1 to 33s, they still remain the outsiders of the eight teams remaining in the competition.

Artem Dovbyk celebrates Ukraine's winner against Sweden
Artem Dovbyk celebrates Ukraine's winner against Sweden

Sterling's third goal of the competition, meanwhile, has seen his Golden Boot odds shorten from 25/1 pre-match to 8/1.

And, having finally got off the mark, Harry Kane is 33/1 (from 40/1).

Portugal's Cristiano Ronaldo tops the charts with five and remains 11/10 favourite in the market despite his side's early exit.