Iceland upsets England in the Euro 2016 round of 16!
Many are calling this a historic upset. But the fact is …
Iceland was “only” an 8/1 longshot to beat England ($100 won $800)
For context, the Cavs were 14/1 after Game Four of the NBA Finals.
Last Wednesday, Iceland was 175/1 to win the Euro 2016 (via William Hill)
Iceland – now in the quarterfinals - has improved to 40/1 to win it all.