Eurovision Song Contest: UK Eurovision odds markets

Despite the semi-finals taking place this week, the UK were always guaranteed a place being one of the "top-five" nations that help fund it, but where will we finish, could we continue the success of last year?
Following the success of last year's entry "Space Man" by Sam Ryder where the long-haired singer claimed an impressive second-place spot with 466 points (bagging the coveted 12 points from 8 nations via the Jury vote) hopes were high that with the contest being staged in Liverpool that the home effort would have a good chance in the competition.
Despite the excitement surrounding the UK entry from Mae Muller, and "I Wrote A Song", the chances of being in the top spot in the Eurovision Odds are unfortunately quite slim. Presently, the UK is priced at approximately 40/1 across the majority of online betting sites, with one bookmaker even offering odds as high as 89/1! These numbers indicate that the prospects of the UK hosting the event next year are quite remote and fading away.
Although the UK is currently priced at 40/1, it would be unfair to dismiss the song and artist as a poor choice. It's important to note that this is far from the disastrous performances that James Newman (2021) and Jemini (2003) experienced, resulting in the dreaded "nil points." Interestingly, UK bookmaker Betfred, (subject to change), has introduced a unique market to speculate on the UK's final ranking after the jury vote and tele votes are tallied. Based on the available odds, there is a possibility that the UK could secure a respectable 6th-10th position in the competition.
If you firmly believe that the UK entry by Mae Muller is bound to receive nil points, you can find attractive odds of 25/1 at Betfred.
Although the chances of the UK receiving "nil point" are quite slim at present, that is not to say that the entry from the United Kingdom will not finish last in the competition, Betfred are offering odds of around 12/1 for Mae Muller and "I wrote a song" to be the last placed entry in the 2023 Eurovision Song Contest.