With Brazil maintaining their favourites tag, England have seen their odds slashed from 6-1 to 7/2 in the wake of the win that puts them through to the quarter-final against Sweden.
France, 4-3 winners over Argentina on Saturday, are also 7/2 to win the tournament whilst Croatia, who face hosts Russia in the last eight, are fourth on 11/2.
Belgium, who will have to contend with Brazil on Friday, are at 6/1 while two-time winners Uruguay are 14/1.
Hosts Russia at 18/1 and Sweden at 22/1 are seen as the long shots to lift the World Cup trophy on July 15.
Latest odds to win the World Cup (William Hill at 2100GMT on July 3):
Brazil 11/4
England 7/2
France 7/2
Croatia 11/2
Belgium 6/1
Uruguay 14/1
Russia 18/1
Sweden 22/1
(Reporting by Jack Tarrant, editing by Neil Robinson)
