The hosts and outright tournament favourites have been very well backed in recent days and it seems punters are putting plenty of faith in Luiz Felipe Scolari's side to get off to a winning start in the knockout rounds.
While a price of 4/7 (1.57) may not be overly appealing to some punters, the offer of 3/1 (4.0) on the Brazilians is much more likely to attract support and that is the price Paddy Power are willing to offer to anyone without an account.
Chile are made 11/2 (6.50) outsiders in the match odds despite a strong set of performances which saw them progress in second place from Group B behind Netherlands.
Brazil come into this match after a comprehensive win over Cameroon in their final group game, a 4-1 triumph which saw Neymar net twice for the second time in three games.
With the Barcelona man high on confidence and level with Lionel Messi and Thomas Muller for the top-goalscorer award, the home fans will be confident that they can progress, even though Chile look one of the tougher last-16 opponents.
With Brazil only likely to get shorter in the betting throughout the day as kick-off approaches, the 3/1 (4.0) on offer to new Paddy Power customers should mean plenty of value-hunters are cheering on Scolari's side by 18:00CET this evening.
Anyone without a Paddy Power account who wants to take advantage of these offers can sign up for one here.
|World Cup Enhanced Price
|New Paddy Power customers can back Brazil at 3/1 (4.0) 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