Mar 09, 2016

    Leicester fan makes $142k on 5,000-1 bet


    AN ANONYMOUS gambler has pocketed £72,000 (S$142,000) after cashing in on a £50 bet he wagered at the start of the season on Leicester City winning the Premier League at odds of 5,000-1.

    The Leicester fan decided to take the offer from a British bookmaker before the league leaders won 1-0 at Watford on Saturday.

    If he had held on until the end of the match, the offer would have climbed to £91,000.

    If Leicester do go on to win the title, the bet would have been worth £250,000.

    "I'm ecstatic. I read the papers on Saturday morning and thought it's time to cash out," the anonymous fan was quoted as saying on the Ladbrokes website on Monday.

    "Win or lose the league, I'm looking forward to the rest of the season ahead.

    "It will mean so much if we win so there's no point in being greedy.

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

    Leicester, who are five points clear of second-placed Tottenham Hotspur with nine matches to play, are chasing their first top-flight title.

    The next game for the Foxes, managed by Claudio Ranieri, is at home to second-bottom Newcastle on Monday.

    Ladbrokes now rate Leicester at 5-4 to finish the season as champions.