Casual observers could be forgiven for thinking that the current Euro 2016 winner market bears plenty of resemblance to that of the pre-tournament prices.
Spain's 2-1 defeat against Croatia means the reigning champions are out to 11/2 (6.50) after being paired with 18/1 (19.0) shots Italy in the last 16. All of those prices are barely any different to the ante post market two weeks ago.
Part of this resistance in price is partly down to some uninspiring performances from the market frontrunners and the fact that the knockout stage draw looks particularly lop-sided. Several teams who were expected to top their respective groups failing to do so and progressing in second place.
Some of the bigger movers are the likes of Belgium (6/1 from 10/1), Croatia (10/1 from 25/1) and Portugal (12/1 from 18/1) with all three in the side of the draw with the majority of lower-ranked teams, albeit Ante Cacic's side will face Cristiano Ronaldo and Co. in the next round.
England have drifted out to 10/1 (11.0) to win the tournament despite a seemingly favourable last 16 draw in Iceland, but their failure to win Group B means they too are thrust into the side of the draw that looks much more challenging.