5000/1 Leicester City title bet cashed out for 45p

One Ladbrokes customer made a very bad decision at the start of the season which has cost him £2,500

Social Spy
By Social Spy

A punter cashed out a 50p bet on Leicester City at 5000/1 for just 45p after the first game of the season.

The bet – placed on Ladbrokes’ mobile app 5 August – would have netted a cool £2500 if it was left to ride however the fan from the Midlands decided to cut and run after the Foxes’ 4-2 win over Sunderland which left their title odds unchanged.

Ladbrokes want the customer to come forward in order to offer him a pair of tickets to a game of his choice next season plus a free bet on any team to win the 2016/17 title.

The cash out is the lowest early payout on a 5000/1 wager, with the highest being £72k settled on a £50 bet in March.

Leicester City are now in to 1/20 to make history and 14/5 to win the title against Manchester United on Sunday.

Alex Donohue of Ladbrokes said:”This will go down as the worst cash out decision in history. 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.”

He added: “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. With judgement this good, any long term title bets should be left to ride.”

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