Never again: Bookies learn their lesson with next season's Premier League title odds
Published 04/05/2016 | 17:21
Bookmakers who have been forced to pay out huge sums after they offered odds of 5000/1 on Leicester winning this year’s Premier League title will not be making the same mistake again next season.
The crazy odds offered on Claudio Ranieri’s relegation candidates to pull off the most unlikely title triumph of all time have allowed some optimistic punters to pick up huge winnings as the Foxes wrapped up their improbable glory with two games to spare.
Yet the new odds for next season’s Premier League title race confirm the bookies will not be caught out by any improbable title challenges again.
The highest prices on offer with Paddy Power for Premier League new-boys Burnley and a host of sides expected to be at the wrong end of the table have been set at 1000/1, with Bournemouth, West Browmich Albion, Swansea and Watford among those handed those extravagant odds.
New champions Leicester are listed as seventh favourites to repeat their title glory for a second successive season, with a Manchester City side that will be led by new manager Pep Guardiola listed as early favourites.
Chelsea have been backed to bounce back from their disastrous title defence after appointing Antonio Conte as their new manager, with Arsenal, Manchester United and Liverpool all more fancied than Tottenham, who have pushed Leicester closest in this title race.
If the last few months are any barometer, we will never again give a side the tag of no-hopers in a Premier League title race, but don’t feel any sympathy for the bookies who have been handing over huge sums to the handful of punters who backed Leicester for glory in recent days.
They have more than made all of that cash back in failed bets on fallen champions Chelsea, the Manchester clubs, Arsenal, Tottenham and Liverpool, with millions placed on those six teams in the UK and Ireland before and during the most unpredictable of Premier League season of them all.
Premier League title odds 2016/17
Manchester City (13/8)
Manchester United (13/2)
West Ham (100/1)
Crystal Palace (500/1)
Every other team (1000/1)