Spain have been pushed out to 13/2 (7.50) to win the World Cup after sensationally sacking Julen Lopetegui on the eve of the tournament.
Lopetegui was announced as Real Madrid manager on Tuesday afternoon by the club, prompting the Spanish Football Federation to relieve him of his duties just two days before their first game.
Fernando Hierro will take charge of La Roja, who were 6/1 (7.0) with bet365 on Wednesday morning but the news of Lopetegui’s sacking has seen their price drift with the online bookmaker.
Spain will get their World Cup campaign underway on Friday evening when they play European champions Portugal and have moved out to 11/10 (2.10) from 10/11 (1.91) to claim victory over their Iberian rivals.
A favourable group draw means that Spain’s passage to the knockout stages could hardly be deemed to be in jeopardy and they are still heavy 8/15 (1.53) favourites to top Group B, ahead of Portugal at 2/1 (3.0).
The 2010 World Cup champions are 7/1 (8.0) to exit at the group stage, which looks unlikely considering they are also joined by rank outsiders Iran and Morocco.