Leicester City’s Premier League Win Costs Bookmakers 25 Million

Discovering Elvis Presley is alive, Barack Obama announcing that the moon landings were fake, Simon Cowell becoming the British Prime Minister, alien life being discovered before 2017, and Kim Kardashian becoming the next U.S. President — those are all scenarios that bookmakers said were more likely than Leicester City winning the 2015-16 Barclays Premier League title.

Odds of up to 5,000-1 on Leicester City being crowned champions of England were offered at the start of the Premier League season, odds we are unlikely to see again anytime soon, as British bookmakers are said to have lost in the region of £25 million after The Foxes did the unthinkable and guaranteed they will finish top of the league with only two games of the season remaining.

Leicester were crowned champions on May 2 after Tottenham Hotspur blew a two-goal lead away at London rivals Chelsea; only a Tottenham victory would have kept the title race open. It is an amazing story considering Leicester were in the third tier of English football in 2009, and were only promoted to the Premier League two seasons ago, narrowly …

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