The Ladbrokes (top) and PaddyPower Sport betting websites are seen on electronic devices in this picture illustration taken in Paris on May 22, 2014. Tech-savvy gamblers using smartphones and tablets to bet on live match action are expected to help make the soccer World Cup the most lucrative sports event ever for British bookmakers and bring welcome relief from tough market conditions. Reuters/Christian Hartmann

England has seen its betting odds plummet, following a 2-1 loss to Uruguay in the 2014 World Cup.

The defeat is England’s second of the tournament. They lost by the same score to Italy in their opener.

While England was never considered one of the favorites to win the World Cup, the team was expected to be competitive and advance beyond group play. After their first two matches, England is considered a major longshot to win the tournament.

According to, England’s odds to win it all are listed at +7000, ranking them 12th out of 29 teams. Before the match, their odds were set at +3000.

Even after two losses, England has not been officially eliminated from contention. They trail Costa Rica, Italy and Uruguay, who all have three points in the Group D standings. Italy and Costa Rica are scheduled to face off on Friday. A victory for Italy would keep England’s hopes alive, but any other outcome would eliminate England from the field.

Failing to get out of Group D would be a disappointment for England, but they would not rank atop the list of 2014 World Cup disappointments. Spain’s chances of repeating as champions were ended on Wednesday, following their loss to Chile. They entered the tournament with the fourth-best odds to win it all.

Brazil, Argentina and Germany remain the favorites to win the World Cup. Spain, Australia, and Cameroon all have one game left on the World Cup schedule, but cannot advance to the Round of 16.

Below is a complete list of the updated betting odds.

Brazil +300

Argentina +350

Germany +400

Netherlands +1000

Italy +1500

France +1500

Belgium +1800

Chile +2500

Colombia +3000

Portugal +4500

Uruguay +5000

England +7000

USA +8000

Switzerland +9000

Ivory Coast +10000

Mexico +12500

Croatia +13000

Bosnia and Herzegovina +15000

Russia +15000

Japan +25000

Ghana +25000

Nigeria +30000

Ecuador +35000

Korea Republic +50000

Greece +60000

Costa Rica +70000

Iran +150000

Honduras +200000

Algeria +200000