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@H-Bomb
I don't think it works like that. No-one is going to pay you out on something that is still extremely unlikely.
But... you could hedge it. Offer odds on betfair or wherever, that Chelsea go down, that's higher than market rate, and see if anyone bites. As long as your position is less than the £3755 you'll make if Chelsea do go down, then you win either way.
Say you take a £50 bet at 50:1, if Chelsea go down, you end up with total of $1205. If they don't, you've made £45.
Obviously, if you seriously think Chelsea will go down, then don't do this.
IANAFA