With EuroBasket 2011 being just around the corner many fans interested in betting on basketball are trying to make the right bets and guess the winners. So what are the odds at this time?

The major betting companies predict reigning champions Spain (2.05) to re-claim their title in Lithuania. The hosts are second favourites according to online gambling sites (4.00).

The other teams that are ranked high ahead of the tournament are Greece (11.00), Serbia (9.00), Turkey (13.00) and France (15.00). Then there are the ‘middle of the pack’ teams – Russia (41.00), Slovenia (41.00), Germany (41.00) and Croatia (45.00).

Chances of other than the above team winning EuroBasket 2011 are very slim. For example, if Portugal qualifies for the tournament and manages to win it all, you could multiply your stakes up to 2,000 times.

Five of the top six best ranked teams are from Group A and B. The teams that will make it to the second round from these groups will face each other in the Group E which will be created in the second round.