Punters have responded to the slight sense of expectancy by backing England into 28/1 (29.0) from their early quotes of 33/1 (34.0).
Despite that move, though, Paddy Power have announced that as of 9pm on Saturday 24th May, new account holders will be able to back England at the vastly enhanced price of 100/1 (101.0) to win the World Cup this summer with a maximum bet of £10.
Hosts Brazil are currently Paddy Power's 3/1 (4.0) favourites to regain the trophy on home soil while Argentina are available to back at 9/2 (5.50) with the same firm.
Germany are the most fancied of the European contingent, although it is current European and World champions Spain at 13/2 (7.50) that could prove a popular bet given their international pedigree over the last six years.
After finishing top of their qualification group, Hodgson's England have been drawn against Uruguay, Costa Rica and Italy in Group D. The Azzurri are the favourites to progress from the group, priced at 13/8 (2.63) to top the pile after three matches, with Uruguay drifting to 15/8 (2.88) after Luis Suarez's knee surgery.
England are 21/10 (3.10) to top the group and available to back at an industry best 8/13 (1.57) to qualify.
While backing Hodgson's men in the outright market may not be in the staking plan of some, the option to do so at better than three times the current industry-best price is sure to catch the eye of some eagle-eyed punters.
This offer is only available for a limited time so don't miss out on the opportunity to back England at a three figure price.
|Champions League Special
|England to win the World Cup at 100/1 with Paddy Power|
Jim Knight is Chief Betting Editor at Goal.com and has been tipping football games since he was old enough to place a bet. He is a Leicester City fan, writer and member of the We Are Going Up Podcast