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Euro 2016 odds, Round of 16: Spain and England are Monday betting favorites at the sportsbooks

The Euro 2016 Round of 16 comes to a close with the Spain vs. Italy and England vs. Iceland matchups hitting the pitch in France on Monday.

David Ramos/Getty Images

Spain is 11-2-2 in its last 15 international matches. On Monday, Spain will try to advance into the next round of the Euro 2016 knockout stage with a win over Italy.

Spain is a +100 betting favorite to defeat Italy in regulation at sportsbooks monitored by OddsShark.com. Italy would pay +380 to win in regulation and the game going into extra time would pay +188.

The European Championship has gone to Spain twice in a row as the national team won this tournament in both 2008 and 2012. A poor showing in the 2014 World Cup led to some doubt around Spain leading up to Euro 2016, but this is still a very dangerous team with plenty of big game experience.

Spain, at +550 on the odds to win Euro 2016, slipped against Croatia in its final game of group play, but had already secured a spot in the knockout round with wins over Turkey and the Czech Republic.

These two teams have a rich history of close games. The last 34 games between Spain and Italy have been split right down the middle with both sides going 10-10-14.

Italy picked up an impressive 2-0 win over Belgium in its first game of the group stage, and followed that up with a 1-0 win over Sweden to lock up first place. The team looked to be on its way to a draw against the Republic of Ireland before eventually conceding its first goal of the tournament in the game’s 85th minute.

Italy will have revenge on the mind after losing to Spain in the 2012 European Championship Final.

In the final game of the Round of 16, England is a -178 favorite going up against Iceland (+765) with draw odds paying +280.

England was underwhelming in the group stage, picking up disappointing draws against Russia and Slovakia to go along with a win over Wales. While loaded with offensive talent, the English continue to struggle to find the back of the net in international play with just three goals scored thus far in this tournament.

Iceland was one of the surprise teams of group play, earning 1-1 draws against Portugal and Hungary before punching its ticket into the knockout round with a dramatic 2-1 victory over Austria.

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