Portugal and Spain meet on Wednesday evening in the first quarter-final of Euro 2012 as Bet365 bring you the latest Portugal v Spain odds and report plenty of punters are taking up their bet refund offer if the game finishes 0-0, after the betting firm refunded punters betting on the England match.

The stakes could not be higher for this match, especially as the two countries border each other, which only adds to the occasion.

Looking at Spain to begin with, they find themselves with a chance of making their third major tournament final in a row and despite not being at the best in the tournament so far, have made light work of reaching the semi-finals.

  • BEST BET : Back the 1-0 Spain win at 5/1  with Bet365, who will refund bets if the game finishes 0-0 at 90mins. This should be a cagey affair by two competitive neighbours – the 0-0 cashback gives us an additional saver bet as cover.

Vicente Del Bosque has rotated his squad in Euro 2012 and has twice played without a recognised striker – something that worked extremely well for them in the quarter-final against France.

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Xabi Alonso was the hero in that match as he found the net twice and it just goes to show that Spain are capable of scoring goals from all over the pitch.

Del Bosque will be hopeful that his star men in the middle of the park can come up with the goods again on Wednesday evening.

In terms of the betting for this match, Spain are the favourite to come out on top with odds evens to win inside 90 minutes.

As for Portugal, not many people had tipped them to make it out of such a difficult group, especially after a defeat in the opening game against Germany.

Credit should be given to the team who did qualify and then beat Czech Republic in the quarter-final.

Paulo Bento’s men have got better as the competition has gone on and can go into this match full of confidence.

Cristiano Ronaldo finding his form in front of goal is massive for Portugal as he is their best player and leader. Ronaldo has scored three goals in his last two matches and put in a superb performance against the Czechs last time out.

This is now the biggest test that Bento’s side have faced in Euro 2012 and they will have to be at their absolute best to come out on top. You can back them at 7/2 to reach the final in normal time.