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On Day 4 of Euro 2012, we saw France and England battle to a draw and Ukraine shock Sweden.

We've already seen some underdogs impose their will from the start, which should make this yet another spectacular run at the Euro championship.

Here's a look at three underdogs (according to PaddyPower.com), who cannot be overlooked to win the title this year.

3. Denmark (35-1)

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The way Denmark played against the heavily-favored Netherlands, you would have never guessed the Danes were underdogs.

Michael Krohn-Dehli was the hero for Denmark vs. the Netherlands, capitalizing on poor defense from the Dutch and swinging home the deciding goal with a solid finish in the 24th minute.

The Dutch were able to get off an astounding 28 shots, but only eight were on goal, and zero found the back of the net. While this affair could have easily gone the Netherlands' way, Denmark deserves credit for holding strong and being part of the first big surprise of the tournament.

2. Russia (11-1)

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Russia didn't play a particularly tough Czech Republic squad on Friday, but that doesn't change the fact that the Russians looked good, routing the Czechs, 4-1.

Alan Dzagoev played a spectacular game for Russia, scoring two goals, and the Russians responded well after the Czech Republic scored early in the second half to make it 2-1 at the time.

Russian goalkeeper Vyacheslav Malafeev was strong at goal, recording five saves in the opening victory.

1. Italy (12-1)

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Who has the best chance of winning the title?

Italy

71.9%

Russia

18.8%

Denmark

9.4%

Total votes: 32

Spain, the reigning champion, was generally regarded as the team to beat headed into Euro 2012, but Italy's opening goal in the 60th minute put pressure on the Spaniards, and the Italians were able to come away with a 1-1 draw.

Goalkeeper Gianluigi Buffon recorded six saves and the Italian defense was able to shut out Spain after Cesc Fabregas knotted it up in the 64th minute.

Italy appears to have enough to make a run at the title this year, and its opening draw against Spain was evidence enough.