Outsider Mario Vargas Llosa beats Cormac McCarthy and Ngugi wa Thong’o to Nobel Prize
had seen an unprecedented level of better on this year’s Nobel Prize for Literature and were celebrating the announcement today that Mario Vargas Llosa had won the award.
The firm had taken massive bets on both Cormac McCarthy and Ngugi wa Thiong’o, but it was outsider Llosa who won the prize.
Llosa was initially at 45/1 on Ladbrokes but was shortened to a final price of 25/1.
David Williams of Ladbrokes told Bettingpro:
“We're breathing an enormous sigh of relief. Yet again, the judges have confounded the punters and plucked a relative outsider out of the mix. The gambles on Ngugi wa Thiong'o and Cormac McCarthy were nothing short of staggering and we saw more money bet on the contest this year than in its entire history. We'll send a crate of champagne to the winner because he's helped us dodge a massive payout.”