Vegas Golden Knights and the longest odds that have paid off
May 23, 2018 11:04 AM
by Brett Smiley
Should the Vegas Golden Knights win one more series and capture the Stanley Cup, the team will make history – on the ice and in sportsbooks. The Golden Knights would be the first expansion team across all major U.S. sports to win a league title in its first season.
As such, some bettors undeterred by those mammoth odds may be looking at a big payout. According to the Los Angeles Times, the Westgate Las Vegas Superbook gave the Golden Knights 300-1 odds to win it all before the start of the season, before moving that number to 500-1 to encourage action. The race and sportsbook director says the casino has 13 bets at the 500-1 odds, all for $20 or less.
Books around town won’t really get buried if the Golden Knights, who are currently awaiting their opponent from the Eastern Conference Finals, do go ahead and win. The books’ overall exposure is limited from the pre-season wagers and they might get some “buy back” in the form of hedges. At least, the books won’t get burned as badly as their British counterparts in 2016, when oddsmakers had to pay out on the 5,000-1 odds they set on Leicester City winning the Premier League. Those odds stand as the biggest in history to have paid off. And British bookmakers claimed to have said they’d never give those kinds of odds again.
With the understanding that 5,000-1 won’t be available again – at least in England – what other giant long shots have paid off in sports history? Take a look:
Check out sportshandle.com for the full article.
Brett Smiley’s opinions are his own and may not reflect those of GamingToday.