Wales are a best-price 22/1 with Sky Bet to win Euro 2016 after reaching the quarter-finals on Saturday evening.
The Red Dragons were heavily backed to make it through having been pitted against Northern Ireland in the last-16 clash and duly delivered thanks to a Gareth McAuley own goal in the second half.
The 1-0 victory sees Chris Coleman's men through to the last eight where they will face the winners of Saturday's tie between Belgium and Hungary.
Sky Bet spokesperson Sandro Di Michele said: "We've got some hefty liabilities on Wales to go all the way and they were punted like defeat was out of the question in this last-16 match.
"It wasn't convincing but Wales backers won't mind and they march on to the quarters."
Saturday's first knockout match went all the way and ended in penalty shootout joy for Poland following a 1-1 draw with Switzerland.
The Poles are 18/1 to lift the trophy having been 50/1 at the start of the tournament and they will face Portugal next, after a hard-fought 1-0 victory over Croatia for Fernando Santos' men.
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