Belgium's status as group favorites keeps the fight for second place wide open between Egypt and Iran, with traders assigning roughly even implied probabilities around 47-50% to Egypt or related outcomes while Iran sits near 23%. Egypt brings strong organization and attacking options, while Iran's defensive resilience and counter-attacking style have historically troubled higher-ranked sides in World Cup groups. New Zealand trails at 11% as the clear underdog against this trio. With all four sides yet to play and no major injuries or form shifts reported in the final pre-tournament window, the tight pricing reflects balanced squad quality and the realistic chance any of the top three could finish runner-up depending on opening results in Seattle and Los Angeles.