WRONG!
Sorry. You probably got to be a soccer fan. Which I'm not. But 5000 to 1 odds is worthy of respect.
http://mobile.nytimes.com/2016/05/0...icester-city-went-right-side-up.html?referer=
The Remarkable Rise of Leicester City
A year after narrowly avoiding relegation, the Foxes beat 5,000-to-1 odds to win the Premier League title.
By SAM BORDEN
APRIL 29, 2016
For casual soccer fans, it may be difficult to fully understand the absurdity ofLeicester City winning England’s Premier League title. To say it is an upset or a shock or a stunner seems wholly inadequate, particularly when one considers that those words are so often used to describe one-time results (the United States over the Soviet Union in the 1980 Olympic hockey tournament, for example) as opposed to the feat of endurance that is required for a relative minnow like Leicester to dominate the sharks of English soccer for a nine-month season.
One way to view Leicester City’s unlikely title is through gambling odds. Before this season began, British bookmakers listed Leicester — pronounced Less-ter — as a 5,000-to-1 shot to emerge as the Premier League champion. By comparison, the so-called Miracle Mets of 1969 were a 100-to-1 choice, and Buster Douglas was just a 42-to-1 underdog when he upset Mike Tyson in 1990 to win the heavyweight championship.
Being 5,000 to 1 really put Leicester City more in line with the odds one might see in the novelty category often offered by British bookies — bets on things that areso outlandish and unlikely as to be unimaginable — but even there, Leicester City was a long shot. The odds that Simon Cowell, the acid-tongued producer of “American Idol,” would become the next British prime minister were only 500 to 1, for example, while those that Hugh Hefner, who founded Playboy magazine, would reveal that he was a virgin were set at 1,000 to 1.
The difference with Leicester, of course, is that bettors backing the team got paid. But while one British bookmaker, William Hill, has said it is on the hook for about 2 million pounds (about $2.9 million) in payouts, some Leicester backers will not get a full return on their wagers. As the season went along, many oddsmakers offered buyout options for Leicester bettors who did not want to risk the possibility that the Foxes would not finish the job. One bettor, for example, cashed out in March for £72,000 — a tidy sum, to be sure, but less than a third of what he could have earned if he had let his £50 bet ride.
For a different context, consider this: Since the Premier League was founded in 1992, only five teams have been crowned champions. Four are financial juggernauts (Manchester United, Arsenal, Chelsea and Manchester City), and the fifth, Blackburn Rovers, claimed its only title more than 20 years ago, in the Premier League’s third season. But in every instance, the title-winning team had finished no worse than third the year before; Leicester, on the other hand, has a middling payroll (roughly a quarter of Chelsea’s when it won the 2014-15 title) and finished 14th last season, an escape from relegation that is a story (and a soccer miracle) all its own.
For that reason, it is also the perfect place to begin. Here is the path that Leicester City took to what many are calling the most remarkable championship in professional soccer history.
Starting at the Bottom
APRIL 4, 2015 When the Foxes sit in last place with nine games to go, it seems certain that they will be relegated to the second tier of competition. Yet a week after King Richard III’s remains are reinterred in Leicester, the team defeats West Ham United on a goal by a player named King (Andy, in this case). It is a harbinger, fans now say, as Leicester goes on to win seven of its final nine games and ensure its return to the Premier League.
Sorry. You probably got to be a soccer fan. Which I'm not. But 5000 to 1 odds is worthy of respect.
http://mobile.nytimes.com/2016/05/0...icester-city-went-right-side-up.html?referer=
The Remarkable Rise of Leicester City
A year after narrowly avoiding relegation, the Foxes beat 5,000-to-1 odds to win the Premier League title.
By SAM BORDEN
APRIL 29, 2016
For casual soccer fans, it may be difficult to fully understand the absurdity ofLeicester City winning England’s Premier League title. To say it is an upset or a shock or a stunner seems wholly inadequate, particularly when one considers that those words are so often used to describe one-time results (the United States over the Soviet Union in the 1980 Olympic hockey tournament, for example) as opposed to the feat of endurance that is required for a relative minnow like Leicester to dominate the sharks of English soccer for a nine-month season.
One way to view Leicester City’s unlikely title is through gambling odds. Before this season began, British bookmakers listed Leicester — pronounced Less-ter — as a 5,000-to-1 shot to emerge as the Premier League champion. By comparison, the so-called Miracle Mets of 1969 were a 100-to-1 choice, and Buster Douglas was just a 42-to-1 underdog when he upset Mike Tyson in 1990 to win the heavyweight championship.
Being 5,000 to 1 really put Leicester City more in line with the odds one might see in the novelty category often offered by British bookies — bets on things that areso outlandish and unlikely as to be unimaginable — but even there, Leicester City was a long shot. The odds that Simon Cowell, the acid-tongued producer of “American Idol,” would become the next British prime minister were only 500 to 1, for example, while those that Hugh Hefner, who founded Playboy magazine, would reveal that he was a virgin were set at 1,000 to 1.
The difference with Leicester, of course, is that bettors backing the team got paid. But while one British bookmaker, William Hill, has said it is on the hook for about 2 million pounds (about $2.9 million) in payouts, some Leicester backers will not get a full return on their wagers. As the season went along, many oddsmakers offered buyout options for Leicester bettors who did not want to risk the possibility that the Foxes would not finish the job. One bettor, for example, cashed out in March for £72,000 — a tidy sum, to be sure, but less than a third of what he could have earned if he had let his £50 bet ride.
For a different context, consider this: Since the Premier League was founded in 1992, only five teams have been crowned champions. Four are financial juggernauts (Manchester United, Arsenal, Chelsea and Manchester City), and the fifth, Blackburn Rovers, claimed its only title more than 20 years ago, in the Premier League’s third season. But in every instance, the title-winning team had finished no worse than third the year before; Leicester, on the other hand, has a middling payroll (roughly a quarter of Chelsea’s when it won the 2014-15 title) and finished 14th last season, an escape from relegation that is a story (and a soccer miracle) all its own.
For that reason, it is also the perfect place to begin. Here is the path that Leicester City took to what many are calling the most remarkable championship in professional soccer history.
Starting at the Bottom
APRIL 4, 2015 When the Foxes sit in last place with nine games to go, it seems certain that they will be relegated to the second tier of competition. Yet a week after King Richard III’s remains are reinterred in Leicester, the team defeats West Ham United on a goal by a player named King (Andy, in this case). It is a harbinger, fans now say, as Leicester goes on to win seven of its final nine games and ensure its return to the Premier League.
