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English bookies slash odds for Capello sacking

English bookies have slashed the odds on Three Lions coach Fabio Capello being sacked.

William Hill are offering odds of 10/3 that the Italian coach will get the boot before the final on July 11, which was completely unimaginable before Friday night's draw with Algeria.

Bookmakers have also lengthened prices on the Three Lions lifting the trophy in response to the team's gutless performance.

Before the match some firms were offering a miserly 13-2 on England winning the competition, but yesterday that had lengthened to 23-2 with confidence in the side dwindling.

So far the betting industry has been given a massive shot in the arm by the showpiece tournament with punters spending millions in betting shops and on-line.

Firms across the country made a £10 million profit just from Friday night's draw.

A spokesman for William Hill said: "As bookmakers we should be over the moon, as that looks like the biggest winning England game we've ever seen. But as patriots we are almost in despair.

"We are making short term profits from England's failures but in the long term we want them going much further in the tournament to keep the interest going."

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