Brazil, France favorites entering World Cup quarterfinals

The +350 favorite at BetMGM before group play began, Brazil's odds have shortened to +170 to win it all, with only eight teams remaining. It has also been backed by the most money (23.9) at the sportsbook to win the title and the second-most total bets, at 12.2%.

Brazil is the -275 favorite against Croatia (+725) to begin quarterfinal play on Friday.

The second match will pit the Netherlands against Argentina, which opened the tournament as the second betting favorite. After Lionel Messi's side lost its first group game, Argentina has reeled off three consecutive victories and is +600 along with England and Portugal to win the World Cup.

Argentina is BetMGM's biggest liability among teams who are still in the competition, having drawn 14.0 percent of the tickets and 18.1 percent of the handle.

The second shortest odds to win it all belong to defending champion France. After opening the tournament at +700, France's odds have shortened to +400, with Kylian Mbappe's team showing dominating form in all but a meaningless loss in its final group game.

France is the second biggest liability remaining at BetMGM, having been backed by 11.8 percent of the winning bets and 10.4 percent of the money.

Brazil is the +175 tournament favorite at DraftKings, followed by France (+400), Argentina (+500), and Portugal and England at +600.