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The highly anticipated quarterfinal match between England and Italy is here and though both teams are deadlocked in the odds offerings, there is plenty of value bets available.

With both teams coming into Euro 2012 as non-favourites, they now find themselves on the verge of reaching the final four and a date with a spectacular German machine.

Both England and Italy are paying 2.80 to win the match outright in regulation time, while a payout drops to 1.90 when looking at who will advance regardless of what point in the match they win.

Though, England has performed better than most expected, it has not yet faced a disciplined and efficient defense that Italy has at its disposal, and Wayne Rooney, Danny Welbeck, and co. will certainly have their work cut out for them in order to penetrate the Azzurri back four.

I expect Italy to advance with either a 1-0 or 2-0 (payouts of 2.00 and 5.50 respectively), though the aforementioned 2.80 is a solid value pick.

After scoring an excellent 90th minute goal against Ireland, it appears as if the volatile Mario Balotelli will be called upon by Cesare Prandelli to start up front with Antonio Cassano. His speed will likely cause headaches for an English defence that has been fortunate and shaky thus far.

For Balotelli to open up the scoring, it is paying 8.00 - which is also the same rate for Cassano and Di Natale - so when placing that wager wait until the starting lineups are announced and then lay your bet. Remember you can bet live during the match on Ladbrokes.com

If you think Rooney will score the first of the match, his odds are a bit less at 6.00, while Welbeck and Carroll are set at 9.00.

The under 2.5 seems like the safest bet in terms of over/under, but with a small offering at 1.44 it doesn't really offer solid value.

If you believe these teams will get to penalties you can have either squad at 10.00 to win at that stage or if you think victory will be found at the end of extra-time, it bumps up slightly to 11.00.

Ladbrokes.com no longer offers you $50 in free bets... they've now decided to reward all Canadian goal.com readers with $120 in free bets when they open up a new account. Go and take their money and place it on who some of the odds mentioned above.

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