Thread: Leicester City fan cashes out £72k on Premier League bet

A Leicester City fan, who stood to win £250,000 from a £50 bet on his team winning the Premier League, has cashed out for £72,000.
The Warwickshire man, who has chosen to remain anonymous, bowed out of the 5,000-1 wager on Saturday.
Hours later his stake would have been worth £91,000 after the Foxes beat Watford 1-0, said Ladbrokes.
The winner said: "It will mean so much if we win, so there's no point in being greedy."
More on this story and updates from Warwickshire
He said he was "ecstatic" and looking forward to the rest of the league whatever the outcome.
"The odds are constantly changing, even Chelsea could sneak into the top four at the last minute," he said.
"A holiday to Spain is a certainty followed by paying off the mortgage with the winnings."
Jessica Bridge of Ladbrokes said: "It's a life-changing amount of money and we congratulate our customer for holding his nerve this long."
Leicester City still have nine games left of the season, starting against Newcastle on 14 March, to secure their first ever top flight league title.
Odds on them winning the Premier League title are now 5-4, said Ladbrokes.
It comes a week after Leicester city John Pryke cashed out his bet for nearly £30,000.

Leicester City fan cashes out £72k on Premier League bet - BBC News

Originally Posted by Chittychangchang

Odds on them winning the Premier League title are now 5-4, said Ladbrokes.

If they are now odds-on (even though that is taking into account the weekend result since he cashed out) it seems like cashing out for 72,000 against a 250,000 payout was not the best gamble.

Was there some risk of the bookie not paying out the full amount?

No, i reckon he lost his nerve and was happy enough with the 72K.

Originally Posted by Chittychangchang

"A holiday to Spain is a certainty followed by paying off the mortgage with the winnings."

Sensible, down to earth, good fucking luck to the bloke.

Originally Posted by Chittychangchang

Hours later his stake would have been worth £91,000 after the Foxes beat Watford 1-0, said Ladbrokes.

wankers had to rub that in

Originally Posted by Looper

Originally Posted by Chittychangchang

Odds on them winning the Premier League title are now 5-4, said Ladbrokes.

If they are now odds-on (even though that is taking into account the weekend result since he cashed out) it seems like cashing out for 72,000 against a 250,000 payout was not the best gamble.

Was there some risk of the bookie not paying out the full amount?

The bookies offering say evens doesn't mean the event have a fifty percent chance of happening. If he thought the chance was much lower he was right take the payout.
Guess you.d need to know the odds of Leicester not winning the title to see if an insurance bet was viable
Don't the bookies love it when a big outsider wins as that's when they make super profits?

Originally Posted by blue

Don't the bookies love it when a big outsider wins as that's when they make super profits?

Of course, they'll much rather Leicester win it than Man City.

Especially with Chitty Chang Chang eyeing up a double in his yankee

Originally Posted by Chittychangchang

Premier League and capitol One cup at 4-1 is a good punt.

Premier League Outrights



Winner

Leicester
5/4


Tottenham
3


Arsenal
5




Man City
6

It's not over till the fat lady sings Bollinger!

Originally Posted by Dillinger

Especially with Chitty Chang Chang eyeing up a double in his yankee

Quote:
Originally Posted by Chittychangchang
Premier League and capitol One cup at 4-1 is a good punt.

The smart money is going on the City treble now with the City squad back up to full fit strength

Originally Posted by Chittychangchang

The smart money is going on the City treble now

May as well flush your quids straight down the shitter.

City have a game in hand over the others but still fancy Leicester to finish the job on top.

I hope the underdogs can do it! C'Mon Leicester,,,,,,,,,,,,,

Gary Lineker states he will present Match of the Day in his underwear... but only if Leicester City win the Premier League!

Leicester City fan sick as parrot.

He forgot what the words 'support' and 'believe' mean.

som num naa

What a terrible proposition to buy out at that price, Ladbrokes robbed him.

Oh well, it's still a win, I guess. Could have been worse...

Originally Posted by Chittychangchang

The smart money is going on the City treble now.