Bookmakers face biggest loss in English football history if Leicester City win the league

William Hill had quoted team as 5,000-1 outsiders at the start of the season

If Leicester City hold on and win the Premier League one football win in Guildford stands to win £112,500 from a £75 bet. (Photograph: BEN STANSALL/AFP/Getty Images)

If Leicester City hold on and win the Premier League one football win in Guildford stands to win £112,500 from a £75 bet. (Photograph: BEN STANSALL/AFP/Getty Images)

 

The bookmaking industry faces its biggest loss in Premier League history with Leicester City just one win away from clinching a shock first title, major bookmaker William Hill said on Tuesday.

So unexpected was their title chase that William Hill had quoted Leicester as 5,000-1 outsiders at the start of the season. Now the loss to bookmakers stands at some £10 million, William Hill said in a statement.

A man from Guildford, England stands to earn the highest individual payout after he wagered £75 pounds at 1,500-1 just a few weeks into the campaign, it said. He has not cashed out and so now stands to win £112,500.

In total, William Hill face a final payout of a little over three million pounds if Leicester beat Manchester United at Old Trafford on Sunday.

“We stand to lose a small fortune if Leicester do what everybody must now be expecting them to do. 5,000-1 is the biggest priced winner in betting history!” William Hill spokesman Joe Crilly said.

Reuters