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Goal Australia's betting expert Paul Gough examines the latest World Cup odds after last week's qualifiers, singling out Die Oranje as great value to back in Brazil 2014

Brazil are continuing to firm as favourites to win the 2014 World Cup on home soil next year following the latest round of qualifiers across the globe.

The record-five time World Cup winners of course qualify automatically for next year's tournament but this week continued their devastating recent form with convincing friendly wins over Australia and then Euro 2012 semi-finalists Portugal.

And this on the back of Brazil's dominant performance in the recent Confederations Cup when they won all five matches, including a 3-0 rout of reigning world and European champions Spain in the final.

That was Spain's first loss in 27 matches, a run dating back to November 2011 during a period in which Spain became the first nation ever to win three successive major tournaments  ‑ after adding the Euro 2012 title to those won at Euro 2008 and the 2010 World Cup in South Africa.

Spain have now slipped to the fourth line of betting to win next year's World Cup at $6.50 at bet365 with Germany and Argentina the equal $6 second favourites behind Brazil at $4.

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Brazil still look the team to beat in next year's World Cup with Argentina the obvious dangers.

The Netherlands are the best value of the leading contenders at $21 at bet365 to win next year's World Cup if you want to back a roughie.

Germany just need one more point from two remaining matches to qualify from Group C in Europe, while Argentina have already qualified from the tough South American confederation and clearly look Brazil's biggest threat.

Argentina won the last World Cup to be staged in South America, on home soil in 1978 when they beat Holland in the final.

And the Dutch - runners-up to Spain at the 2010 World Cup in South Africa - are again shaping as the best value team at next year's World Cup.

The three-time World Cup runners-up are one of just two teams - along with Italy - to have already qualified out of Europe and have won seven and drawn one of their eight qualifying matches to date.

At $21 to win the World Cup at bet365, they are the best value by far of the leading contenders and are surprisingly only on the seventh line of betting, also behind much-improved Belgium at $15 and Italy at $19.

England - which are locked in a tough battle to qualify from Group H with just three points separating the Three Lions in top place from Ukraine, Montenegro and Poland - are on the next line of betting at $26.

The Socceroos - after their 6-0 mauling at the hands of Brazil on Sunday - are priced at $201 but at least have qualified, although Holger Osieck's team is likely to start as one of the biggest outsiders next year once the final 32 qualifiers are decided later this year.

*Note prices subject to change

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