• Dami Im at the winner's press conference following Eurovision 2016 Semi Final 2 (Photo by Rolf Klatt for SBS) (SBS)Source: SBS
Australia continues to rise through the betting odds after a powerhouse performance by Dami Im at Semi Final 2 saw her shoot straight through to a position in the Grand Final.
Genevieve Dwyer

14 May 2016 - 2:14 PM  UPDATED 14 May 2016 - 2:14 PM

The current betting odds, as per EurovisionWorld.com, which averages out betting odds from various bookmakers around the world, Australia's ranking in the odds has risen to second - just behind Russia's Sergey Lazarev, as the most likely to win. 

See the full betting chart below, as at 2pm AEST on May 14th.

Following close behind Australia is Ukraine, with Jamala and her soulful performance of '1944' which caused controversy when it was first submitted due to the highly political nature of the song lyrics, which focus on Joseph Stalin’s mass deportation of 244,000 Crimean Tatars in 1944 – a tragic event that has been equated to genocide by the Ukrainian parliament. 

Eurovision 2016 has already been rocked by a scandal thanks to THIS song entry by Ukraine
It wouldn’t be Eurovision without a scandal!

Clearly, her performance in Semi Final 2 has moved audiences though as like Dami, Jamala has shot right to the top of the betting odds.

Following close behind them in fourth and fifth place are France's Amir and the host nation of Sweden's Frans - a 17-year-old who won his place to represent the country in the national singing contest Melodifestivalen

Fan favourite Russia remains at the top of the rankings though in spite of several mishaps on popstar Lazarev's journey to Eurovision, including passing out on stage at a performance just two weeks before arriving in Sweden and falling off his elaborate set in dress rehearsals. 

Watch: Shock moment Eurovision favourite PASSES OUT mid-performance
Russia's 2016 Eurovision entrant Sergey Lazarev shocked fans as he appeared to suddenly faint mid-performance at a concert in St Petersburg on the weekend.

So what happens if Australia beats out the pop icon of Russia? More on that below:

What happens if Australia wins Eurovision 2016?
With Australia's Dami Im taking to the stage in Stockholm for Eurovision 2016, the question has to be asked: what happens if Australia wins?

Watch Dami perform in Semi Final 2 TONIGHT at 7:30pm on SBS.

Read more about the full line up of artists at tomorrow's Grand Final here.

Watch her perform LIVE at the Grand Final, only on SBS from 5am Sunday 15 May - with the repeat prime time broadcast following at 7:30pm.

For all the Eurovision behind the scenes action in Stockholm make sure to follow SBSAustralia on Snapchat.

Read more from Eurovision
Justin Timberlake: "I'm ready!" to perform at Eurovision 2016 Grand Final
Justin Timberlake is pumped and raring to go for his half-time performance at the Grand Final of the 2016 Eurovision Song Contest as he gives crowds a taste of what's to come at the dress rehearsal.
Eurovision 2016: Dami’s Army Man
The support network of every artist competing at the Eurovision song contest is critical to the performers well-being. And Dami’s gentle ex-servicemen husband is on hand in Stockholm to support the in-demand diva.
The top ten moments of Eurovision 2016 Semi Final 2
Recapping the most memorable moments of the second Semi Final of Eurovision 2016.