Leicester City’s defeat of Southampton leaves the unlikely EPL title contenders on the verge of one of the most shocking sporting results in history.
Just 12 months ago, almost to the day, the Foxes were 7 points adrift of safety – fast forward a year and they are 7 points clear with only six games to play.
The shock result is going to cause a major headache for the bookmakers including online bookmaker sportsbet.com.au.
Sportsbet had quoted outlandish odds of $3,001 at the start of the season – a price which remained upheld until November.
In fact, it wasn’t until Christmas that Leicester finally entered single digit odds and only on the 6th of February did they actually finally become favourites to win the title.
With only 18 points to play for, Leicester look a lock – $1.33 to win from this position and in doing so, costing Sportsbet in excess of $1.2 million dollars.
57 punters with the online bookie got on at the odds of $3001, with one punter already cashing out early for close to $35,000.
But the largest bet from a punter, $50 at $3001, is still holding tight – awaiting a massive $150,050 pay day!
Leicester City EPL Fairy-tale:
Top Flight Titles: Zero
April 2015: 20th (7 points from safety)
April 2016: 1St (7 points clear at the top)
Pre-Season Odds: $3001
4th Oct: $3001
4th Nov: $276
4th Dec: $46
4th Jan: $21
4th Feb: $4.50
4th Mar: $2.50
4th Apr: $1.33
“132 years is a long wait to pick up your maiden title but they’re looking good for one now. It probably is the greatest rags to riches story in sporting history and yes it will cost Sportsbet an arm and a leg but on this occasion we’ll happily pay the price for an improbable fairy-tale,’’ said sportsbet.com.au’s Will Byrne.
Market courtesy sportsbet.com.au
2016 EPL Winner
$1.33 Leicester City
$6.00 Tottenham Hotspur
$71 Man City
$226 Man Utd