A total of 24 people who bet on Leicester City FC winning the Premier League at the start of the season have won significant payouts, according to Ladbrokes.
The club secured the title after Tottenham drew with Chelsea. Ladbrokes reported that there were initially 47 bets placed on Leicester winning the league at odds of 5,000/1, with 24 of these bets still standing by the end of the season.
The payouts varied, with one individual who bet £20 winning £100,000. Another notable win came from a 10p bet, which resulted in a £500 payout. Other successful bets included £10 and £5 gambles, which won £50,000 and £25,000, respectively.
Ladbrokes anticipates paying out approximately £3 million due to Leicester's win. A representative from Ladbrokes described the event as unprecedented, stating,
We have been taking bets for 130 years and we have never ever seen anything come even close to this. It’s rare to see a 5,000/1 shot and even rarer to see one even have a slim chance of winning. This is unprecedented and there are no comparisons whatsoever. We salute the fans who backed their side to land the biggest upset in history at the start of the season.
The substantial payouts reflect the unexpected nature of Leicester City FC's Premier League win, highlighting the significant rewards that can come from placing bets on high-odds outcomes.
