Italy World Cup 2014 Betting Odds: Chances Italy Wins The Championship After Loss To Costa Rica

  @tony_riccobono a.riccobono@ibtimes.com on
Mario Balotelli
Mario Balotelli couldn't get Italy on the board against Costa Rica.

Italy was shut out by Costa Rica in its second match of the 2014 World Cup, and saw its betting odds to win the championship drop in the process.

Before Friday’s 1-0 defeat, Sportsbook.ag listed Italy’s odds to win the World Cup at +1500. After the loss, the team’s odds doubled to +3000.

The loss put Italy tied for second place in Group D. They got three points in the standings, after defeating England in their opener. With one game left in group play, they are tied with Uruguay, and trail Costa Rica, whose two victories have netted them six points. Italy’s loss officially elimtaed England from the tournament.

While Italy is tied with Uruguay, they do hold the tiebreaker. They have a +1 edge in goal differential, meaning they don’t have to beat Uruguay in order to advance. The two nations are schedule to meet on Tuesday, and a draw or victory would put Italy in the round of 16.

Even though they trail Costa Rica by three points, Italy still has a chance to finish Group D in first place. An Italy victory, coupled with a loss for Costa Rica on Tuesday, would give both teams six points in the standings.

Costa Rica currently has a +3 edge in goal differential, making them the overwhelming favorite to win the group. Costa Rica is a -2000 favorite to take Group D. Italy is a longshot to win the group at +1100, while Uruguay comes in at +1800.

The performance by Costa Rica has been one of the biggest surprises in this year’s World Cup. They were underdogs against both Uruguay and Italy, and are now guaranteed to advance to the next round.

Italy last won the World Cup in 2006. Their odds have them ranked 10th in the tournament, just ahead of Uruguay and trailing Colombia. 

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