Anyone have a few quid on Leicester City?
Discussion
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.
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/...
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
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/...
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!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
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.Gassing Station | Sports | Top of Page | What's New | My Stuff