£50 bet on Leicester at 5000/1 Pays Out
£50 bet on Leicester at 5000/1 Pays Out Ladbrokes confirms record pay-out. The remarkable rise of the Leicester City football club in England's Barclays Premier League – from the threat of relegation in 2015 to potential champions in the top spot with just nine matches to go this year – has resulted in one prescient punter scoring GBP 72,000 off a wager of just GBP50 at Ladbrokes this week.
Who Won
The unidentified punter placed the bet at 5000 to 1 on Leicester winning the league…before the club started its fairy tale run of victories under Italian manager Claudio Ranieri. However, Ladbrokes reported in a tweet over the weekend that the gambler decided to cash at this point, eschewing a possible GBP 250,000 win in favor of a certain GBP 72,000.
LadBrokes tweeted
“BREAKING: We've just paid out an industry record cash out on a £50 bet on Leicester at 5000/1, a massive £72k #LCFC.”
A spokesman for the company later confirmed that they had action-ed the cash out request, and that the return for the gambler on the wager was a new industry record. Leicester continued on its winning way this weekend with a 1 vs. 0 victory over Watford.
Football media reports indicate that there is evidence that a number of equally prescient punters placed wagers on Leicester before the remarkable success of the team this year became apparent…and at correspondingly player favorable betting odds.
One report suggests that as a result of these early bets UK bookmakers will be hit hard if Leicester City go on to win the Barclays Premier League title, with some facing pay-outs of more than GBP 5 million.
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