Thirty-one countries are competing this week in the live semi-finals, and those who are voted through will join reigning champions Ukraine, as well as The Big 5 — France, Spain, Germany, Italy, and the UK — in the grand final on Saturday, 13 May.
Read more: How many times has the UK won Eurovision?
The first live semi-final took place on Tuesday, 9 May, and the second took place Thursday, 11 May. But, Ahead of the main event this weekend, there are already several countries that have begun to draw attention as potential winners.
Here are the latest betting odds for Eurovision 2023.
Who will win Eurovision 2023?
According to the Online Betting Guide, Sweden are currently most likely to win the 2023 Eurovision song contest.
The final will be voted for by both the jury and public, and so Sweden has been marked as this year’s favourites to win with 4/7 odds.
Former Eurovision winner Loreen has returned to the competition to represent Sweden with her song Tattoo, which has made her a firm favourite with the Jury.
Thanks to her previous win the singer has also become a firm favourite amongst bookies to win the contest overall, despite Finland being tipped to beat Sweden in the first semi-final.
Finland are second favourites to win Eurovision 2023, with 5/2 odds of doing so according to betting odds.
Despite coming in second last year, the UK's likelihood of winning the 2023 edition of Eurovision are low according to bookies as the country currently only has 33/1 odds of coming out on top.
Eurovision 2023 odds
Sweden - Representative: Loreen with Tattoo, 4/7 odds
Finland - Representative: Käärijä with Cha Cha Cha, 5/2 odds
Ukraine - Representative: Tvorchi with Heart of Steel, 15/2 odds
France - Representative: La Zarra with Évidemment, 10/1 odds
Israel - Representative: Noa Kirel with Unicorn, 12/1 odds
Spain - Representative: Blanca Paloma with EAEA, 16/1 odds
Norway - Representative: Alessandra with Queen of Kings, 20/1 odds
United Kingdom - Representative: Mae Muller with I Wrote a Song, 33/1 odds
Who passed Eurovision’s first semi-final?
Norway, Malta, Serbia, Latvia, Portugal, Ireland, Croatia, Switzerland, Israel, Moldova, Sweden, Azerbaijan, Czechia, the Netherlands and Finland all performed during Tuesday’s semi-final.
The winners of the first semi-final were voted for by the public in France, Germany and Italy, and after a tough competition only 10 countries could qualify.
It was revealed during the live semi-final that Croatia, Moldova, Switzerland, Finland, Czech Republic, Israel, Portugal, Sweden, Serbia and Norway had all gone through to the grand final.
This meant that Malta, Latvia, Ireland, Azerbaijan and the Netherlands were unable to qualify.
Who passed Eurovision’s second semi-final?
Denmark, Armenia, Romania, Estonia, Belgium, Cyprus, Iceland, Greece, Poland, Slovenia, Georgia, San Marino, Austria, Albania, Lithuania and Australia were the countries that performed in the contest’s second semi-final on Thursday.
A report from the Online Betting Guide in April stated that William Hill had placed Austria were the firm favourites of the second semi-final, with odds of 4/5. Australia were second favourites to win with 5/1 odds.
Teya & Salena are representing Austria at this year’s Eurovision with their song Who The Hell Is Edgar?, while Australia has put Voyager forward as the country’s representative.
In the end both Austria and Australia made it through to the final after their performance on Thursday night, as did Albania, Cyprus, Estonia, Belgium, Lithuania, Poland, Armenia, and Slovenia.
Which meant that Denmark, Romania, Iceland, Greece, Georgia and San Marino were unable to qualify.
Watch: Mae Muller to perform at Eurovision 2023
The Eurovision grand final will air on BBC One on Saturday, 13 May.