The world of gambling has always been a bit secretive, something like a moonlit world if you catch my drift, and thus never received much attention throughout history, it is technically impossible to know for sure what are the longest odds on a sports bet that ended up paying out. However, as far as known documented instances go, what would seem the longest odds paid out on any sports bet in history were probably 2,800,000-1 odds on a 50p ($0.66) bet placed by one Fred Craggs in the UK. yes, that’s right 2,800,000-1!
The bet in question was an eight horse accumulator bet (meaning all eight horses had to win their respective races) in 2008. Against all odds (pun intended), they did, and Craggs, who was celebrating his birthday at the time, should have won £1.4 million (~$2 million), but unfortunately the institution he placed the bet at had a rule in place that capped the winnings on Craggs’ bet at £1 million. Technically they could have even reduced it to £100,000, owing to more “fine print” they had in place, but it would have been a tenuous argument ripe for legal action and a PR nightmare for them, whether they won or lost the case as after all, no one wants to bet with a bookmaker that doesn’t pay its bets right? So they decided to go ahead and just paid the £1 million and also submitted the win to Guinness World Records for consideration.
But if we are talking about the longest odds paid out on a bet where multiple people bet on a sporting event and won, this appears to have occurred when Leicester City won soccer’s Premier League in 2016. They had such an abysmal shot at the title that the odds of them winning were 5,000 to 1 when the season began and according to the reports, bookmakers paid out more than $14 million to various individuals who decided to take that chance.
Other underdogs who won against odds include the 1980 U.S. Men’s Olympic Hockey Team, which won the gold medal against Finland despite being huge underdogs with 1,000 to 1 odds against them. In a similar situation, in 2012, the Auburn Tigers defied 1,000 to 1 odds to win American college football’s Bowl Championship Series.
Betting is never a sure thing (at least if you play by the books) and as such there is always the chance of loss, but it’s cases like these, those rare “what if” cases that set the spirit of bettors all around the world aflame and aflame and keeps then coming back for more! You can make history as well and who knows? You could also find your lucky day anytime soon. So register for a betting account via agent to find the best odds and limits on Asian bookmakers.