Manchester City’s latest 0-0 draw at Norwich City has all but ruled City out of the title race, leaving only Arsenal - eight points adrift - and Tottenham Hotspur - five points adrift - as realistic competitors.
Leicester probably can’t believe their luck with so many of the so-called challengers regularly faltering - yet Hoddle feels a false sense of security at the top could pave the way for their own loss of form.
"The only thing with Leicester, it's like when you haven't won a golf major and you hit the back nine. You go to the 10th and see the scoreboard. And you see so many people who just fall apart when they believe they can win. They look at the caddy and say: 'Oh my God! We're two up. It's ours to lose.'"
While it perhaps hasn’t quite reached that stage just yet, Leicester hold a healthy lead at the top and another victory over Newcastle United on Monday will take them one step closer.
The north London sides will undoubtedly drop points between now and May, meaning Leicester could win the Premier League title with a record low points tally - around 77 points.
Boss Claudio Ranieri has so far done a superb job in trying to deflect attention away from a potential Leicester title triumph; deep down, though, the Italian must know his side have a wonderful chance.