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


Leicester Tigers Launch New App with Help from Leo Vegas
Leicester Tigers Launch New App with Help from Leo Vegas

Sports betting firms continue to invest money into elite rugby, with LeoVegas being the latest brand to support the growth of the sport. As part of its role as official betting and gaming partner to L ... Read More

The Drop Zone Launched at DraftKings as They Eye Ireland
The Drop Zone Launched at DraftKings as They Eye Ireland

American fantasy sports site DraftKings is crossing the pond for its latest venture. Titled ‘The Drop Zone,’ this new fantasy football league game works in a similar fashion to the English Premiership ... Read More

Live League of Legends Betting Odds Thanks to Betradar
Live League of Legends Betting Odds Thanks to Betradar

This month, sports and betting data provider Betradar expanded its online betting software to include the video game League of Legends, offering live odds on matches for the popular eSports title! ... Read More

Rugby Challenge Cup and Ball Street Sign Ladbrokes Deals
Rugby Challenge Cup and Ball Street Sign Ladbrokes Deals

UK betting giant Ladbrokes recently confirmed it will be the title sponsor of the Rugby League Ladbrokes Challenge Cup for one more season at least. Ladbrokes has also gone into partnership with the B ... Read More

Leicester, Burnley and Sheffield Sign Deal with Ladbrokes
Leicester, Burnley and Sheffield Sign Deal with Ladbrokes

British betting and gaming business Ladbrokes has made a strong start to its football season by signing deals with three clubs across the Premier League and Championship. The agreements are set to enh ... Read More

Paddy Power Opens Extensive Betting Market on North Korea
Paddy Power Opens Extensive Betting Market on North Korea

If there was one online bookmaker that was favourite to stir up some dark-humoured banter with the infamous North Korea and its leader Kim Jong-Un, it was always likely to be Paddy Power. And true to ... 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

BettingGuides

Country Guide