“In hindsight, we were idiots offering odds of 5,000-1,” the company said. While the handful of super-fans who got 5,000-1 on Leicester City to win the title have rightly attracted much of the attention, from the bookies’ point of view the biggest liabilities were accrued at around 100-1 to 500-1. T he emails from bookmakers’ PR departments started to arrive while several Tottenham Hotspur players were still disappearing into the Stamford Bridge tunnel on Monday night. Collectively, it was a wail of despair. Leicester’s defiance of their much-publicised, pre-season odds of 5,000-1 had, it seemed, cost the bookies millions. Leicester City’s triumph: the inside story of an extraordinary season | Stuart James. But some outsiders, apparently, can take even the bookmakers by surprise. Leicester’s run to the title seems to have emerged from a twilight zone where the odds against success are so huge that the normal rules of betting and bookmaking do not apply.
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