As ever, I will be keeping a close and beady eye on the market movers and shakers and provide my sage summarised comments. Having been successful for the last three years, 2011 is a different kettle of fish. I've narrowed it down to eleven possible winners, such is the tricky nature of this year's contest. And of all those eleven only one offers any odds of any value. That nation is Serbia which can't be expected to win but may creep into a top 4 place.

2011: My tips (To Win) Azerbaijan, UK, B&H, Hungary, Sweden, Norway...I'll narrow it down during the rehearsals. (Each Way) Serbia 100/1
2010: My tips Germany (Win 4/1 - 1st), UK (Last place - Yes), Turkey (Each Way 28/1 - 2nd), Romania (Each Way 80/1 - 3rd), Russia (Top Ten 5/2 - 11th ooh, almost a clean sweep)
2009: My tips Norway (Win 7/4 - 1st), Iceland (Each Way 28/1 - 2nd), Estonia (Each Way 28/1- 6th), Switzerland (Each Way 75/1 - 14th S1)
2008: My tips Russia (Win 7/2 -1st), San Marino (to qualify for final - err no...last), Lithuania (to get 0 points, err no 30 points),
2007: My tips Greece (Win 16/1 -7th ), Ukraine (Each Way 12/1 - 2nd), Bosnia Herzegovina (Each Way 80/1 - 11th)
2006: My tips Sweden (Win 6/1 - 5th), Finland (Each Way 28/1 - 1st), FYROM (Each Way 33/1 - 12th)
2005: My tips Romania (Each Way 28/1 - 3rd), Malta (Each Way 11/1 - 2nd), Austria (Each Way 100/1 - 35th)
2004: My tips Ukraine (Win 8/1 - 1st), Serbia (Each Way 6/1 - 2nd), FYROM (Each Way 28/1 - 14th)

So what do I reckon? d. As usual it's a crap shoot, but good luck in your random acts of betting...

Average Odds taken from a selection of online UK bookmakers - dated 30th April
 
Average Odds
Notes
France
3/1
Just when did opera gain pan-Euro appeal? Hot favourite but I can't see it. No value here
Estonia
7/1
Nice to see the Estonians up near the top again, but inherently plain so I don't think it has quite enough.
UK
7/1
Even more pleasant to see the UK up top, and a definite each way chance.
Hungary
10/1
The best song and a handy singer, but may be hampered by staid attitude. Certainly one to watch
Sweden
10/1
Shocking, but everyone tells me it's one to beat. Can't honestly recommend even with a smashing turn 
Azerbaijan
12/1
MOR, gentle, insipid, and yet still the best all round chance of victory as it stands.
Norway
12/1
Vapid, which isn't a particular barrier to success. Still not quite bad enough to succeed though.
Germany
14/1
Nice try to drag Eurosong into modern pop, but we don't really want it. Top ten likely.
Bosnia & H
14/1
My favourite track. A lively each way bet, but sadly no value.
Denmark
20/1
Overlooked cos of Swedish media machine, but this is a better effort.2 scandi's likely to dilute their chances.
Russia
22/1
Just missed out on top10 last year with a slightly worse song. Draw your own conclusions.
Ireland
33/1
Who knows. Heart shouts No, Head sadly suggests otherwise. Ethically refuse to make profit on these two
Italy
33/1
Screaming piano player for their return. Will get some sympathy votes.
Slovenia
40/1
A grower but likely to be lost amongst the MOR pop ballards. I've given it a harsh prediction and may surprise
Turkey
40/1
The usual +20 place rule applies, but this should place 30th on merit so won't quite hit the leaderboard.
Finland
50/1
The only real slooow ballard of the year which is in it's favour. The quality however isn't. Not good enough
Austria
50/1
A good voice, a so-so song. I've got it to get through to the Final, but it's on the cusp.
Romania
66/1
A weak effort from the one of the storngest Euro nations. Scrape into the Final
Poland
66/1
Relatively low in the betting, compared to the competition. Should make it through which is success enough
Serbia
100/1
My initial winner, but I've been talked down since. Immediate appeal is there tho, and the only real value here
Switzerland
100/1
Wysiwyg, albeit the Swiss are showing signs of life. May qualify, but no money is required here
Israel
100/1
Votes will come in for her return, however not nearly enough to be at the top.
Georgia
100/1
Rap & Shouts but not kooky nor good enough to triumph. I've got it as a qualifier though
Moldova
100/1
For me as unwelcome as a poo in my waterpipe. Which means it'll probably be the big surprise of the evening
Ukraine
100/1
Surprisingly weak form the strongest Euro nation. But heritage will still ensure a Saturday outing
Armenia
100/1
Terrifyingly poor. So much so I've even got Armenia not to qualify. No.4 during Semi 1 so make a note to avoid
Greece
100/1
Clearly a two fingers salute to Eurosong in a time where they've got more important matters to worry about
Latvia
100/1
Latvia are building a strong body of evidence to suggest insanity in the ranks. Has fans, but they're insane too
Slovakia
125/1
Like Ireland but with better legs. Nothing else to recommend.
Iceland
150/1
Means a lot to Arctic dwelling people, but will pass by everyone else. Nice enough, but doomed.
Spain
150/1
Likely to be clear bottom of the Big Five. No real hope.
Netherlands
150/1
Like this one. Reminds me of Norway '04 which I rated and finished dead last. Hope they qualify though
Croatia
150/1
Mid table again. Don't bother
Bulgaria
150/1
Soft rock your Na ni na's. Not the worst, and may squeeze through to Saturday
Belarus
150/1
Back in the USSR we go to early 70's disco extolling Communism and alienating everyone in the process
Albania
150/1
Slightly scary nearing the bottom of the barrel Balkans. No.
Lithuania
200/1
Tragic
San Marino
200/1
Nice try from the land locked hamlet. I fear with one neighbour they will struggle to impress though.
Belgium
200/1
Toe-curling. One big male instrument.
Portugal
200/1
Aah, the joke act. In the grandest traditons, not funny in the slighest but may succeed. I just can't recommend.
Malta
200/1
Leaping plastic Xanax induced goon.
Cyprus
200/1
2 songs in one, the first ok'ish, the second beyond bad
FYROM
250/1
The demise of FYROM continues apace. And they've got so much Euro goodwill too but it won't save them