5,000-1 longshot Leicester City wins Premier League title, busts bookies

Leicester beat 5,000-to-1 odds to win the Premier League title for first time in its 132-year history after second-place Tottenham drew 2-2 at Chelsea Monday.

Sky Bet said it had paid out a record £4.6million to gamblers, saying it was an industry loser with 128 people backing City at the longest price.

Sky Bet’s Sandro Di Michele said: ”The unthinkable has become reality and we’re facing a paying out the sort of liability that you joke about at the start of the season.


William Hill said it had lost £2.2million as a result.

”Leicester’s 5,000/1 victory has smashed all bookmaking records and in the process cost us a £2.2m loss – our worst individual day’s result on a single sport since Frankie Dettori rode all seven winners at Ascot in September 1996 and cost us over £8m and the industry £50m,” said Hill’s spokesman Graham Sharpe.

Bet365 said it was now pricing Leicester at 100/1 to win the Champions League. Spokesman Steve Freeth said: ”The dream has become reality and Leicester City will be the toast of a number of punters after pulling off the biggest sports betting shock of all-time – to the tune of over £3m in our case.”

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