British bookmakers are set to make a huge loss if, as expected, Leicester City are crowned Premier League champions over the coming weeks.
Claudio Ranieri’s men need three points from their remaining three fixtures and could win the title as early as this Sunday at Old Trafford.
However, it turns out that one bookmaker - Ladbrokes - actually made a profit from one nervy punter who cashed out just days after putting 50p on the 5,000/1 bet at the start of the season.
SIGN UP NOW
Want to become a GMS writer? Sign up now and submit a 250-word test article: http://gms.to/haveyoursay4
Article continues below
The person in question, who remains unnamed, placed the bet on August 5 2015 - three days before Leicester beat Sunderland 4-2 on the opening weekend of the campaign.
However, shortly after that convincing victory, the anxious punter cashed out for just 45p - earning Ladbrokes a cool 5p profit.
Ladbrokes: This is the worst cash out decision ever
Did he mean to cash out? Was it a mistake?
If it was, at least it would explain why he cashed out for a loss. It makes very little sense and has been described by Ladbrokes as “the worst cash out decision in history”.
”This will go down as the worst cash out decision in history,” Ladbrokes spokesman Alex Donohue was quoted as saying by The Sun. “Plenty of 5000/1 backers took sums midway through the season when it looked in the balance, but we wonder what our man didn’t like about the 4-2 win on the opening day of the season."
Ladbrokes offering the punter free bet and tickets
Ladbrokes have urged the punter to come forward and reveal his identity. In return, they are willing to offer him tickets to a game of his choice and a free bet on next season’s Premier League champions.
“We are offering our customer an all expenses paid day out at a game next season plus another title bet to make amends to soften the blow,” Donohue added.
“With judgement this good, any long term title bets should be left to ride.”
Had the punter stuck with his bet, he would be poised to win £2500.
Biggest cash-out figure is £108k
The biggest cash-out win was recorded following Leicester’s 2-0 win over Sunderland in the reverse fixture earlier this month.
The unnamed punter placed a £20 each-way bet on Leicester before a ball was kicked this season, and cashed out for a record £108,703.41.
Had he held on until the end of the season, however, he would have won £133k.
Does the 45p cash-out go down as the worst betting decision of all time? Have your say by leaving a comment below!