With 17 previous successful conversions, many inside the stadium were simply waiting for the net to ripple as the England international stood on the spot.
However, Hermansen guessed correctly and pulled off an excellent save to keep Leicester level and, in the process, ensure the first penalty miss of Palmer’s senior career.
Speaking to Sky Sports after the game, the Dane explained that the save ultimately came down to preparation as he simply had a feeling as to which spot Palmer would aim for.
"We always try to prepare and I knew he would take it. I had the feeling he would go there."
Mads Hermansen kept out Cole Palmer’s penalty
"It is obviously frustrating. It sums up the situation we are in now as a team," he added. "The crossbar in the first half, that little bit of luck. Didn't create much and they score from distance.
"We just need to keep being solid defensively and keep trying to go on the counter and create some chances. Hopefully, soon the luck will turn around a bit.
"We speak as a team internally and we all think and feel this is a tough situation of course. We are also mindful about going deeper down into the hole. We're trying to keep smiling."