Football Fan Banks £15k from £3 Bet on Leicester City Win

May 9th, 2016

SHARE

Football Fan Banks £15k from £3 Bet on Leicester City Win

Leicester City's Premier League success might be the talk of the sports world, but the Foxes’ win hasn't left everyone with a smile on their face. Despite being rank outsiders at the start of the season, Leicester City managed to defy the odds quite literally, leaving many of the UK's leading bookmakers with some major bets to settle.

At the start of the season, the industry line on City was 5,000/1 to win and very few punters or pundits gave them any shot of winning one of the toughest leagues in the world. In fact, the only people who really put their faith (and cash) in the boys in blue were Leicester's faithful supporters.

Seemingly unfazed by what the bookmakers believed, hundreds of fans gladly accepted odds of 5,000/1 and proceeded to stake anything from 15p to £40.

The Tide Starts to Turn

The combination of a relatively uneventful start to the season and a lack of major interest in Leicester City meant the nation's bookmakers didn't lose too much sleep in the early offing.

However, after the Christmas break came and went and Leicester were setting tongues wagging with their performance, the likes of William Hill Sports, Ladbrokes Sports and Coral Sports started to look tentatively at the top of the table.

In fact, with an improbable win looking ever more likely, the number crunchers started to reach for their calculators in a bid to predict the possible financial fallout if City did clinch the title.

As expected, the numbers didn't make for pleasant reading. Once Leicester managed a draw at Old Trafford against Manchester United on 1 May, the title was theirs and the bookies were left with a bill for more than £25 million.

£3 Stake Scores Punters £15k Win

Leigh Herbert is among those smiling at Leicester’s result. He’s now the lucky winner of £15,000 from a paltry £3 stake – a story that's reverberated around the football world in the past week.

Herbert, a William Hill Sports customer, decided to take a punt on Leicester with a spare £3 at the start of the season. By the time team lined up against Manchester United, he was already £12,997 in profit.

However, with two additional chances to win his bet outright if Leicester failed to win at Old Trafford, Herbert declined the cashout offer and finally broke into a smile after 90 minutes of action.

After the result was in and Leicester City were confirmed as the 2015/2016 Premier League champions, a delighted Herbert was able to withdraw his £15,000 prize and raise a glass to Claudio Ranieri's men.

Fallout

Once the shock had blown over, the bookies were able to pick through the debris left behind by Leicester's win and what they found wasn't pretty. According to the stats, the £25 million won by Leicester supporters was the largest ever loss by British bookmakers on a single sporting event. William Hill Sports alone is expected to pay out over £3 million.

But, as you'd expect, the bookies aren't dwelling on the past. Many are already offering odds on Leicester City retaining the title during the 2016/2016 season. In fact, if you ante-up at Paddy Power Sports you can currently take tempting odds of 33/1.

For more football odds and exciting wagers on upcoming matches, visit William Hill Sports today!

Betting News Articles


Thank Coral it's Christmas! Get a Free Retro Football Shirt!
Thank Coral it's Christmas! Get a Free Retro Football Shirt!

Thank Coral it's Christmas! This Christmas season, Coral is looking to give away trendy 'retro football shirts' to all it's newest customers who join between now and 1st January. Players who signup th ... Read More

Coral Expands with Betradar's Virtual Sports Betting
Coral Expands with Betradar's Virtual Sports Betting

Top bookmaker Coral Sports is plugging into the world of virtual sports betting thanks to a brand new partnership with Betradar, a subsidiary of global sports data company Sportradar. The new deal wil ... Read More

US Presidential Election Betting on Pace to Break Records
US Presidential Election Betting on Pace to Break Records

Brexit all over again? The US Presidential Election ended with a Trump victory, not only a surprise to bookmakers but, most would agree, a shock to the world (accept some savoy punters and a large por ... Read More

Betway Becomes an Authorised Betting Partner of the British Horseracing Authority
Betway Becomes an Authorised Betting Partner of the British Horseracing Authority

Bookmaker Betway has agreed a three-year deal with the British Horseracing Authority (BHA) to become an Authorised Betting Partner (ABP). As an ABP, Betway is now making voluntary payments to fund the ... Read More

Paddy Power Pays Out Early on Clinton
Paddy Power Pays Out Early on Clinton

With less than a few weeks to go before Americans head to the polls to vote for their next president, bookmaker Paddy Power has decided to forgo the ballot box count and announce Hillary Clinton as th ... Read More

Betway Becomes First UK Operator to Directly Invest in eSports Following Partnership with Top eSports Team
Betway Becomes First UK Operator to Directly Invest in eSports Following Partnership with Top eSports Team

Betway became the first UK-based gambling operator to sign on as a sponsor for a top eSports team, announcing a partnership with the Swedish eSports team Ninjas in Pyjamas (NiP). The trusted streaming ... Read More

Betting Navigation

Newsletter

Sign up for the free Gambling.com Newsletter to stay on top of all the best bonuses!
We will never share or misuse your personal information. Privacy Policy

Latest Betting News

Betting Guides

Country Guide