With the 2012 European Football Championship right around the corner, let's go ahead and take a look at this year's odds favorite. How are the Spaniards gearing up for the tournament, and will they live up to expectations?

The overall favorite to win Euro 2012 is Spain. We've got an in-depth preview of what to expect from the high-flying Spaniards.

Out of the top six main dogs (Spain, Germany, Holland, France, England and Italy), it's the Spanish outfit that are the cream of the crop in the soccer odds. They're priced at +260 to win the whole thing.

What's their group looking like? Well, they're in Group C alongside Italy, Croatia and Ireland.

Sergio RamosObviously the Italians, who are one of the most successful nations ever in big tournaments like this, will be tough to face. The Croatians will also be solid, led by Tottenham star Luka Modric, while we can expect the Irish to be the whipping boys of the group.

Spain is favored in their opening group match against Italy. That dandy of a game is set for Sunday, June 10 and the Spanish are priced at -130 to win, with the Italians at +350.

Group C presents challenges

For their game against Ireland, Vincent del Bosque's men are at -300 to win, while they're at -200 to beat Croatia in their last group stage clash.

Assuming they advance, the Spaniards are likely to face either England or France in the first round of the knockout stages. Whichever team it is, that game is going to be one you don't want to miss.

Roster wise, no team is as talented from top to bottom as Spain.

Starting at goalie, you know you've got too much quality when netminders like Pepe Reina and Victor Valdes are the second and third choices behind Iker Casillas.

Defense is also loaded, with Gerard Pique and Sergio Ramos likely to start across the backline. The midfield has the most talent of all though, as del Bosque will be able to call on Xavi, Andres Iniesta, Sergio Busquets, Xabi Alonso, David Silva, Cesc Fabregas, Juan Mata and Santi Cazorla.

We'll let you read over that list one more time.

The fact that some of those players will be sitting on the bench is almost like a crime. Talk about an embarrassment of riches.

Xavi, Iniesta, Busquets and Fabregas were wonderful as always for Barcelona this term, while Alonso and Silva were influential for their respective clubs as well.

Too many star names to count

Fernando TorresIn terms of goalscorers, Fernando Torres will be given the every opportunity to lead the frontline with David Villa set to miss out. Torres is quoted at +1400 at Bovada to be the top goalscorer of the tournament.

Further down that list we also see more soccer betting options with other Spanish players such as Fernando Llorente (+1600), Fabregas (+2000), Mata (+3300) and Iniesta (+5000).

Clearly Torres is the one everyone will be scrutinizing most.

The Chelsea striker had trouble establishing himself in the first team in his debut season in London but seemed to round into form as the campaign closed. Scoring against South Korea in a tuneup match should do his confidence wonders ahead of this huge spectacle.

Considering the sheer level of quality throughout the roster, as well as the fact that this team has dominated internationally over the past decade, one has to think this is Spain's tournament to lose. 

First things first though. The Spaniards have quite a difficult group to contend with before anything, but they're favorites for a reason. This team is completely stacked all over the pitch and will be contending for the championship trophy when everything's said and done. 

This is the squad everyone expects to win. Will they do it? Soon enough we'll find out, but you're going to want to watch them try irrespective of everything else. That much we know.