The distance that separates Belgians from Panamanians I think is huge. Only by suicide will Belgium not play against a very mediocre team.
Odds really reflect what we expect to see in the race. That is, the Belgians are constantly on the offensive and the Panamanians in a position of defense.
The problem is that in order to touch this race you have to risk enough to find a pre-emptive performance. I take the risk of -1,75 on the grounds that the Belgians I expect to come in strong will not relax, with the risk of suffering that the Argentines and the Brazilians.