You only cash out if you think the current odds on Leicester are too short and there's value on the other side. Cashing out is just a counter bet, i.e betting on Leicester not to win the League at this point.
You only cash out if you think the current odds on Leicester are too short and there's value on the other side. Cashing out is just a counter bet, i.e betting on Leicester not to win the League at this point.
Not strictly true, diminishing marginal utility of wealth yo
But they only need 4 points to win the league? If they can beat Swansea this weekend then it's near enough there for the taking.
I've thought about this and I'd have to see it through. It was a punt in the dark to put Leicester to win the league anyway, you didn't think it would happen and now it's happening! Bring on £250k!
But they only need 4 points to win the league? If they can beat Swansea this weekend then it's near enough there for the taking.
I've thought about this and I'd have to see it through. It was a punt in the dark to put Leicester to win the league anyway, you didn't think it would happen and now it's happening! Bring on £250k!
But they only need 4 points to win the league? If they can beat Swansea this weekend then it's near enough there for the taking.
I've thought about this and I'd have to see it through. It was a punt in the dark to put Leicester to win the league anyway, you didn't think it would happen and now it's happening! Bring on £250k!
They need 8 points from 4 games to guarantee that they win the league from this position. They have a 5 point lead over Spurs but due to Spurs having a better goal difference, it's effectively 4 points they can afford to drop.
Swansea they should be looking to win but after that Leicester face Man Utd (A), Everton (H) and Chelsea (A) which isn't easy.
At the start of the season, 47 people placed a bet with Ladbrokes for Leicester to win the title at 5000-1 - of which 23 have cashed out, while 24 are still awaiting their fate.
At the start of the season, 47 people placed a bet with Ladbrokes for Leicester to win the title at 5000-1 - of which 23 have cashed out, while 24 are still awaiting their fate.
Statistically, I would have seen it through for the 250k (at the time of the OP). But I would not risk losing a sure £72k for my pension fund in such cirumstances. I believe the appreciation on £72k over 40 years or so will be greater than the 178k I would "lose".
If I needed 250k immediately however, or if the prospect of a sure 78k gave me a "meh" feeling, I might have stuck with it.
Definitely wouldn't cash out now after last nights result?
I wonder if any team will have odds as long as 5000/1 again next year after what's happened this season.
I think the bookies have taken too much of a hit (reported to be £10mil for the lot of them) and too many people will be taking a punt next season after this year.
I'd be surprised if we see any with odds as long as even 1000/1.