William Hill has predicted that the match could well set a new record, with a massive eight-figure sum expected to be bet by punters.
The odds indicate no clear favourite to win the tie, but the one thing that does seem certain is that a lot of cash will be at stake.
Spokesman Graham Sharpe commented: "This match has the potential to produce a bigger betting turnover than the final given the rivalry between the two countries over the years and it is a certainty that over £25 million will be at stake on the outcome.
"And if England do go through and meet Argentina in the next round that could be an even bigger betting game."
The company has already revealed that the World Cup is on track to be the biggest betting event ever, with wagers totalling more than £1 billion anticipated.
And the competition has sparked some unusual bets so far, with one man having a £100 gamble at odds of 10,000/1 that his unborn son will score for England in the 2030 edition of the tournament.
The odds indicate no clear favourite to win the tie, but the one thing that does seem certain is that a lot of cash will be at stake.
Spokesman Graham Sharpe commented: "This match has the potential to produce a bigger betting turnover than the final given the rivalry between the two countries over the years and it is a certainty that over £25 million will be at stake on the outcome.
"And if England do go through and meet Argentina in the next round that could be an even bigger betting game."
The company has already revealed that the World Cup is on track to be the biggest betting event ever, with wagers totalling more than £1 billion anticipated.
And the competition has sparked some unusual bets so far, with one man having a £100 gamble at odds of 10,000/1 that his unborn son will score for England in the 2030 edition of the tournament.
