Against all odds
Leicester City wasn’t just an underdog before the beginning of this season; they were an afterthought. Their odds of winning the championship were on par with many of the infamous novelty bets William Hill is known for. No one really ever expects a novelty bet to pay off, they’re just something funny to laugh about over pints at the bar. The odds of the Foxes winning the Premier League at the start of the season were the same as the Yeti or the Loch Ness monster being proven to exist, Christmas being the warmest day of the year in England or Barack Obama playing cricket for England after he left the Oval Office. Of course, they’re all in good fun and not based in reality. No one really thinks those things are going to happen. The problem for William Hill is no one let the Foxes in on the joke. In an attempt to cut the losses they’d take if Leicester wins the title, bookmakers have been offering buyouts to the lucky bettors who got in on the 5,000-1 odds. If the Foxes cash in with the title, it’s expected to cost English sportsbooks an estimated $14 million in payouts.
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