A large chunk of England, Scotland, Wales, Northern Ireland and Republic of Ireland football fans will sulk over the next month.
Their respective players will be relaxing on sun-drenched beaches while the footballers of other European nations fight it out to lift the European Championship trophy.
But before you pull the curtains until the start of the Premiership season remember money can be made on this competition.
Switzerland and the Czech Republic get proceedings under way tomorrow at the St. Jacob-Park stadium in Basel with the opening game of the Championships.
VC Bet has a huge range of bets on the various games of the tournamnet including - correct score, first scorer and double result (half-time/full-time) are also available for the football punter.
bookmakers are offering their own brand of price deals this summer with some offering great odds on some of the Championship's heavy weights. For example the Michael Ballack inspired Germany are being offered at an amazing 4/1 by Paddy Power and 3/1 at Totepsort.
For a more adventurous bet, why not back apparent underdogs Croatia to reach the final?
Many pundits hold the view that the Central European country could be this year's suprise and bookmakers Pinnacle are offering great odds of 54/5 on them to make it to the Championship decider.
Others to keep an eye on include the World Champions Italy, the star studded Spanish and the plucky Poles.
And what of the reigning Champions Greece (pictured right)? Well amazingly the winners four years ago in Portugal can be found at odds of 50/1.
EURO 2008 ODDS ON WINNING TEAM (from PaddyPower)
Germany 4/1
Spain 11/2
Portugal 7/1
Italy 7/1
France 17/2
Holland 13/1
Croatia 14/1
Czech Republic 18/1
Russia 25/1
Greece 28/1
Switzerland 33/1
Romania 40/1
Sweden 50/1
Poland 66/1
Turkey 66/1
Austria 150/1
