Spain and Chile will battle it out in Group B of the World Cup 2014 tournament on Wednesday, with Spain knowing nothing less than a win will do to get their World Cup title defense back on track following a devastating loss to the Netherlands last week.

Today's big game between Spain and Chile will kick off at 3 p.m. EST, and will be broadcast on ESPN. The game will also be available to watch online – free for subscribers – via the live stream link provided below.

Spain's loss to Holland in their opening game shocked football fans around the world, and now many are eager to see what kind of reaction the reigning World Cup and European Championship holders will be able to provide.

Some have called the massive loss to Holland as the signal that Spain's era of dominance of world football is coming to an end. If they lose to Chile, they will be confirmed in many people's eyes.

However, Chile have never been able to beat Spain in 10 previous attempts, losing eight and only drawing two of those games. Spain defeated Chile at the World Cup in 2010, winning 2-1 four years ago on their way to their first and only World Cup win.

Many want to see whether Spain's confidence has been shot by their overwhelming defeat to Holland. They have not conceded five goals in an international game since way back in 1963 when they lost 2-6 to Scotland. Their 1-5 defeat last week was also the heaviest margin of defeat by a reigning World Cup champion in the history of the tournament.

Chile meanwhile know that if they can pull off a shock here today they will be as good as in the Last 16. They won their opening game against Australia 3-1, and a win today would move them to six points.

The game is scheduled to start at 3 p.m. EST and can be watched by live stream by clicking here.

Watch a highlights video of a friendly match between Spain and Chile below: