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It is no surprise that we see such odds in favor of Uruguay. Even though there have been a number of penalty shootouts already, this one is probably one of the easiest predictions to make in the competition so far.
You just have to look at how both of these have performed in the group stage, and who their opponents were. Uruguay are definitely one of the favorites for the whole competition, especially given how Argentina and Brazil has been looking so far. It was a bit surprising to see Colombia get knocked out by Chile, but this game should be according to what the majority of the football fans expect.
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