After an impressive qualification campaign, England have the chance to atone for what was a particularly poor World Cup campaign in Brazil two years ago.
While there has not been the flood of patriotic money that usually proceeds a major tournament, the Three Lions are favourites to start with a victory against Russia. Betway are opposing Hodgson's men, though, with 6/1 (7.0) quotes available to anyone yet to open an online account.
To take up this price, simply sign up using the links provided, back England with your first bet and if they win, the returns will be topped up to the enhanced price of 6/1 (7.0). What's more, if the favourites fail to win the match then stakes will be returned as a free bet.
While question marks remain over how England will line up for this opening game, the selection headache facing Leonid Slutsky is significantly worse due to a number of more established players being injured.
Without the services of Igor Denisov, Alan Dzagoev and Denis Cheryshev to name but a few of the absentees, the Russia coach faces a battle to protect an ageing back four that could well be suceptible to the pace of England's forward line, even if it includes Wayne Rooney in a slightly more withdrawn role, albeit there have been some suggestions that Hodgson may ditch the diamond midfield employed against Portugal at Wembley in their final warm up game.
With a perfect 10 wins from their qualification group, England should be confident of progressing and the bookmakers price a win for them at just 10/11 (1.91), making the opportunity to take up quotes of 6/1 (7.0) particularly inviting for those who believe Hodgson's side are set to seize the advantage in Group B by winning their opening game.
While they may not have enough to go all the way in the tournament, England are rightly favourites in Marseille and look sure to be a popular bet against a team missing several key players.
Anyone who would prefer the usual £30 matched bet when opening a Betway account can claim that using the link below.