Anyone have a few quid on Leicester City?

[elanfan]

Love to hear stories of anyone who had some money on Leicester City.. Did you hold your nerve or cash out early? Anyone just put a quid on and stay the course and win £5000? Come on let's hear them.

[Petrol Only]

Yes but at 12/1 with 10 games to go.

[Mr Trophy]

Chap on Twitter (herb1977) has a photo - £3 quid bet and won £15,003 !

[43034]

Mr Trophy said:

Chap on Twitter (herb1977) has a photo - £3 quid bet and won £15,003 !

He had £5 but cashed out £2 for £5600.

Amazing, absolutely amazing .

[menguin]

There is talk of it costing the bookies £25 million across the whole industry. If only I'd put £1000 on it

[Northbloke]

menguin said:

There is talk of it costing the bookies £25 million across the whole industry.

That'll be payout £25 mill...plus raking in £50 mill from lost bets on Chelsea, Man U, Arsenal and Man City etc.

Outsiders winning are normally great for bookies.

[Buster73]

One of the lads at graft showed me his betting slip today he got on at 5/2 , he put a fair bit of wedge on it and he's not really a betting man so he just have been confident.

To anyone who had a winning bet , well done even if your b ollocks shrunk and you cashed out.

[TEKNOPUG]

Northbloke said:

menguin said:

There is talk of it costing the bookies £25 million across the whole industry.

That'll be payout £25 mill...plus raking in £50 mill from lost bets on Chelsea, Man U, Arsenal and Man City etc.

Outsiders winning are normally great for bookies.

Precisely. They'd be stuffed if Chelsea or City won.

[The Moose]

menguin said:

There is talk of it costing the bookies £25 million across the whole industry. If only I'd put £1000 on it

I wonder what the payout is when the favourites win...?

[Puggit]

Are the mods aware that there is a dedicated football sub-forum?

[malks222]

i noticed a tweet from ladbrokes earlier saying 'congratulations to the 47 punters who had money on leicester @ 5000/1'. no idea how many cashed out early or how much was placed on each bet.

but yes, the bookies very rarely take a hammering as bad as people think. although the odds change depending on how likely something will/wont win, they change even more due to the volume of cash going on a particular bet. the big bookies have plenty clever number crunchers backstage working through the figures and trading against possible outcomes.

edited: ladbrokes revealed the breakdown of the bets: http://news.ladbrokes.com/football/premier-league/...

Edited by malks222 on Tuesday 3rd May 16:22

[Saleen836]

malks222 said:

i noticed a tweet from ladbrokes earlier saying 'congratulations to the 47 punters who had money on leicester @ 5000/1'. no idea how many cashed out early or how much was placed on each bet.

but yes, the bookies very rarely take a hammering as bad as people think. although the odds change depending on how likely something will/wont win, they change even more due to the volume of cash going on a particular bet. the big bookies have plenty clever number crunchers backstage working through the figures and trading against possible outcomes.

edited: ladbrokes revealed the breakdown of the bets: http://news.ladbrokes.com/football/premier-league/...

Edited by malks222 on Tuesday 3rd May 16:22

On the radio this morning they said a chap up in Manchester had £20 on with 5000-1 odds....wonder if he went to work today!

[TwigtheWonderkid]

menguin said:

There is talk of it costing the bookies £25 million across the whole industry. If only I'd put £1000 on it

That may be the industry liability on LCFC winning, but as said, they'll be quids in overall. Outsiders winning is good for the bookie, favourites winning is good for the punter. That's why it's called the favourite, because it's the punters favourite choice of bet.