Υes, but Denmark was in 2013.Somebody just put a lot of money on Iceland probably. The odds are not really reliable at this point. Just look at the way it changed during rehearsals and after the Semis. Neither Austria nor Netherlands were a top contender.
Sweden was in 2012.
Norway was in 2009.
Russia was in 2008.
Also Germany & Azerbaijan were among the favorites in 2010 & 2011.