Spain World Cup loss has bookies smiling

With Wednesday's upset of Spain in the 2010 World Cup versus Switzerland, the bookies both in the UK and online are preparing to celebrate.

Spain is certainly not out of the World Cup but they have proven vulnerable.

Switzerland took the 1-0 lead at the start of the second half with a Gelson Fernandes goal in the 52nd minute. Spain and Switzerland were the last two teams to play in the tournament.

Spain must be able to beat Honduras and Chile to move into the next round. No team has won the World Cup after losing the opening match.

Bookmakers in the UK acknowledged early that British players were betting more heavily on the European champions and favorites Spain over their own England team. Spain was getting the most betting action across the globe.