England football fans will sit down in front of their televisions this evening, hoping the Three Lions will be handed a decent draw for next year's World Cup.
Regardless of who they are drawn against, England are already 28-1 shots to win the tournament and few have rushed to the bookmakers to back Hodgson's side since they qualified in October.
But the England boss was in confident mood on Thursday as he sat down to discuss his team's prospects.
FIFA rules dictate that Hodgson, unlike a large number of the English population, cannot put a wager on next summer's tournament.
But if he could, he would place his money on the Three Lions.
"I'd put it on England," Hodgson said when asked where he would place a £10 bet if he could.
"I'd have a chance of losing it on Brazil so why not put it on the team I want to win it?
"We all know the result everybody wants and that's to repeat 1966. We all know that's not going to be easy but it's great to be there trying to do it."
Hodgson's reign as England manager has been something of a rollercoaster.
Highlights include two good performances in Brazil and the Andros Townsend-inspired victory over Montenegro.
But England have struggled in their away qualifiers and they were booed off twice last month following defeats to Chile and Germany at Wembley.
But, as he spoke to the media by the pool at his hotel in Salvador on Thursday, he was full of optimism.
England, he said, currently have a well-balanced squad with the right mixture of youth and experience.
Hodgson also thinks he has several pacy wingers capable of cutting open defences on the counter.
"Over the last 19 months the thing that's pleased me most is the emergence of us as a counter-attacking threat," Hodgson added.
"I think we've got a much bigger counter-attacking threat than we had a couple of years ago because of the pace of the players.
"Gareth Southgate is spoiled for choice with wingers in the Under-21s.
"Then, of course, you have the Townsends, the Welbecks, the Sturridges, the Walcotts, the names go on and on, really."
The worst case scenario for Hodgson is that England are the one European nation that is moved to pot two.
That would open them up to the possibility of being thrown into a 'group of death' containing Brazil, Italy and the United States.
The England boss does not seem to care about the prospect of being thrown into a tough group, though.
"We'll try and win every game whether we're in a tough group or a so-called easy group," Hodgson said.
"We won't fear anybody and in the same way we will respect everybody. I think the players will be desperate to do well and go as far in."