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Why Leicester Winning The Premier League Will Be The Bookies’ Worst Nightmare

SUNDERLAND, UNITED KINGDOM - APRIL 10: Danny Simpson and Jamie Vardy of Leicester City celebrate victory after the Barclays Premier League match between Sunderland and Leicester City at the Stadium of Light on April 10, 2016 in Sunderland, England. (Photo by Shaun Botterill/Getty Images)

When West Brom defender Craig Dawson scored his first goal at White Hart Lane, T0ttenham looked set to prolong Leicester City’s wait for their first top tier league title.

The defender’s own goal came after a spell of prolonged Spurs pressure and one expected Mauricio Pochettino’s men to finish them off. Yet Dawson’s influence on the game was not over. In the second half, Dawson became the fourth Premier League player this year to score both in his own and the opponent’s net.

The game finished 1-1.

LONDON, ENGLAND - APRIL 25: Craig Dawson of West Bromwich Albion (25) celebrates as he scores their first and equalising goal during the Barclays Premier League match between Tottenham Hotspur and West Bromwich Albion at White Hart Lane on April 25, 2016 in London, England. (Photo by Alex Morton/Getty Images)

The two dropped points from Spurs now mean that Leicester can win the title on Sunday if they beat Manchester United. The Foxes are currently on 76 points with three games remaining, while Spurs lag behind them on 69.

Leicester’s final three games are somewhat tougher than their challengers. After Manchester United at Old Trafford, they face Everton at home and then travel to Stamford Bridge to take on Chelsea. Tottenham however, face Chelsea next week before taking on Southampton and finally relegation dogged Newcastle on the final day.

To win the title, Spurs would have to win all three of their remaining games and hope that Leicester lose at least two and draw the remaining third.

Claudio Ranieri’s side have surprised everyone with their title challenge. At the beginning of the season they were quoted at 5,000 – 1 outsiders to win the title. Bookmakers Ladbrokes revealed earlier this season that some 47 people backed Leicester at 5,000-1.

Many of the ambitious, some would say foolish, Leicester fans who placed bets have already cashed out. In March, Jon Pryke cashed out on his £20 bet to win £29,000 from Ladbrokes. Speaking at the time, Pryke said

“I feel like their luck may be running out”.

Had he kept the faith, Pryke would have taken home £100,000.

William Hill revealed this week that a man in Guilford placed a £75 bet on Leicester a few weeks into the season. By that stage, bookmakers were already contemplating the nightmarish financial implications if Leicester were to win and had slashed odds to 1,500-1.

As of last night, when Tottenham’s failure to secure three points pushed Leicester ever closer, the man had not cashed out on the bet. If Leicester win their next game, he will take home £112,500. This stands to be the largest ever pay out on a Premier League bet.

William Hill also revealed that should Leicester win next Sunday, they will face a loss of £3,000,000. The cumulative loss to bookmakers is thought to be £10,000,000.

William Hill spokesman, Joe Crilly said this week:

“We stand to lose a small fortune if Leicester do what everybody must now be expecting them to do. 5,000-1 is the biggest priced winner in betting history!”

NEWCASTLE, ENGLAND - NOVEMBER 21: Leicester City's manager Claudio Ranieri congratulates Jamie Vardy of Leicester City during the Barclays Premier League match between Newcastle and Leicester City at St James Park on November 21, 2015 in Newcastle, England. (Photo by Ian MacNicol/Getty images)

The only consolation to bookmakers is that many fans cashed out in February and March. It would appear that this Guilford man is one of the few who remained steadfast in his belief in the Foxes. Had the others not cashed out, the loss to bookmakers could have been as high as £35,000,000.

Leicester are now quoted at 1-20 to win this season and 33-1 for the 2017 Premier League title.

Author: The PA Team

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