Tough call: My dark horse bet going by Vegas odds is Chile But Brazil and Argentina are the favorites in my opinion My expectations aren't very high for the USA. If we get out of the group I'll be happy, I don't expect us to win the World Cup though the last time we played in a World Cup hosted in South America we finished in third place Of course, that was 1930.
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My dark horse is Belgium. The have an easy group. Argentina has poor goalkeeping and not the best defense but probably the most prolific attack in the world cup. Brazil is solid all around. No European team has ever one the world cup in South America for 2 reasons: humidity and time change. The humidity plays a huge role though because there is practically no humidity in Europe so it drains them. Spain is still the best team in the world, but I don't think they will be able to cope with the weather.