LONDON, June 14, 2012 /PRNewswire/ --
England's draw against France was a good start to the Euro 2012 tournament, but did the team deliver value for money? Analysis by bwin in the bwin Player Value Index (BPVI), first published on 7th June 2012, suggests that the highly-paid England squad is underperforming.
England's odds have shortened slightly following the draw with France on Monday. Although the result gained a point for each team, the Group D table still reflects an underperformance by England against their lower-paid competition. Many England fans felt the team lacked the 'flair' visible in the French team and the market has priced the teams accordingly. England therefore stay firmly at the bottom of the BPVI alongside Sweden and Ireland, who, in comparison to England, earn considerably less.
bwin's analysis looks at collective team wages and performance in the betting market. The England team, priced at 12/1, earns a table-topping collective wage that is 11% more than France. However, based on the performance against France, England's salary premium is simply not justified. The more flexible French team, currently backed at 7/1, is placed 7th on the BPVI, and although they are also highly paid, the market judges them more likely to be winners and justify their wage bill.
Warren Lush, Euro 2012 commentator at bwin, said; "Based on wages, England should easily overcome their next rivals, Sweden. If England realistically hope to progress in the competition they need to beat Sweden. If they don't, Roy Hodgson will face the immediate criticism of taking the most expensive squad to the competition and seeing them fail to live up to the sum of their individual values."
Notes to editors:
The 'bwin Player Value Index' shows which teams customers think offer the best value for money. The research was compiled by looking at individual player wages for each EURO 2012 team, then calculating the index by ranking salaries and comparing against the odds for each team. Currently Denmark tops the BVPI reflecting a team that over-achieves from limited resources, whereas the market currently sees England, Sweden and Ireland players as 'over paid'.
bwin will be monitoring performance of the teams throughout the tournament and regularly updating the bwin player value index which can be found at: http://bwinbetting.com/euro-2012/england/euro-2012-betting-bwin-player-index-issued,21138.html
Warren Lush, [email protected]
13/06/2012 Wage Ranking Team Wage Bill GBP Average weekly wage GBP Odds Odds Rank Index 16 Denmark GBP 283,400 GBP 12,322 34.00 9 7 10 Russia GBP 576,300 GBP 25,057 12.00 5 5 5 Spain GBP 1,258,750 GBP 54,728 3.85 1 4 15 Poland GBP 291,550 GBP 12,676 41.00 11 4 4 Germany GBP 1,296,250 GBP 56,359 4.20 2 2 13 Ukraine GBP 335,700 GBP 14,596 41.00 11 2 6 Netherlands GBP 833,950 GBP 36,259 13.00 6 0 2 France GBP 1,601,000 GBP 69,609 8.00 3 -1 3 Italy GBP 1,389,750 GBP 60,424 11.00 4 -1 7 Portugal GBP 785,450 GBP 34,150 23.00 8 -1 8 Croatia GBP 683,750 GBP 29,728 34.00 9 -1 12 Czech Republic GBP 389,700 GBP 16,943 67.00 13 -1 14 Greece GBP 331,900 GBP 14,430 301.00 15 -1 1 England GBP 1,784,000 GBP 77,565 13.00 6 -5 9 Sweden GBP 653,800 GBP 28,426 126.00 14 -5 11 Ireland GBP 553,000 GBP 24,043 501.00 16 -5