Spain’s dramatic exit from the World Cup at the hands of Russia has drastically shaken up the betting according to Sportsbet.

The online bookmaker now has Brazil and France as joint favourites at the top of the betting on $5.00, with Croatia ($6.00), Belgium & England (both $7.00) right behind.

Russia have rocketed up from $67 outsiders to $17 and are $2.30 to qualify for the Semi Finals over Croatia ($1.57).

“Punters are believing in the host nation now as they’ve quickly become the surprise package of this World Cup,’’ said sportsbet.com.au’s Will Byrne.

Markets courtesy of sportsbet.com.au

World Cup Winner

$5.00   Brazil                  (out from $4.50)

$5.00   France               (in from $10)

$6.00   Croatia               (in from $13)

$7.00   Belgium             (in from $7.50)

$7.00   England             (in from $8.00)

$15      Uruguay             (in from $23)

$17      Russia                 (in from $67)

$21      Colombia         (in from $23)

$41      Switzerland     (steady)

$41      Sweden              (in from $71)

$51      Mexico               (in from $67)

$201    Japan                  (out from $176)

To Qualify for Quarter Finals

$1.17   Brazil

$4.60   Mexico

$1.13   Belgium

$5.40   Japan

$1.89   Sweden

$1.83   Switzerland

$2.47   Colombia

$1.50   England

To Qualify for Semi Finals

$2.86    Uruguay

$1.39    France

$2.30    Russia

$1.57    Croatia