The play-offs are still within reach of the Hornets after their big win at home to Wrexham in midweek.
The 3-1 victory means that they are five points off Southampton in sixth, but, interestingly to this bet, it was also the fourth consecutive match in which Watford have both scored and conceded.
They created close to 2 xG against Wrexham, and it was the seventh time out of seven that they have created over 1 xG under the management of Ed Still. This is quite impressive and perhaps signifies that Still is able to get a good tune out of the undoubted attacking talent that Watford have gathered together.
They have an impressive +0.55xG differential so far under Still, but that does still mean that they are averaging a concession of 1.2 xG on average per match.
Leicester are under new management as well, of course, with Gary Rowett. They have notched in their last three matches, and with Jordan James back fit and starting matches, it provides another live goal threat alongside Abdul Fatawu and Stephy Mavididi, as well as the Rowett fallback of set pieces.
If Watford continue to average out at around 1 xG conceded, then Leicester do have the players with the ability to convert.