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One punter made the "worst cash out decision in history" after taking a 45p return on a 5000/1 bet on Leicester City winning the Premier League.
The unnamed Ladbrokes customer staked 50p on the Foxes taking the title at the beginning of the season and stood to win £2,500 had they let the bet ride.
But instead they decided to take a 45p return after just the first game of the season which Claudio Ranieri's men won 4-2 against Sunderland.
Some punters who backed the Foxes at similar odds have cashed out for thousands of pounds, with the highest payout being £72,000 settled on a £50 bet in March, Ladbrokes said.
The Foxes are in the driving seat in the Premier League race, with a win in their match against Manchester United away at Old Trafford on Sunday securing the title.
As a consolation, the bookmaker has asked the customer to come forward to offer them a pair of tickets to a game next season plus a free bet on any team to win the 2016/17 title.
Ladbrokes spokesman Alex Donohue 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."
The unnamed Ladbrokes customer staked 50p on the Foxes taking the title at the beginning of the season and stood to win £2,500 had they let the bet ride.
But instead they decided to take a 45p return after just the first game of the season which Claudio Ranieri's men won 4-2 against Sunderland.
Some punters who backed the Foxes at similar odds have cashed out for thousands of pounds, with the highest payout being £72,000 settled on a £50 bet in March, Ladbrokes said.
The Foxes are in the driving seat in the Premier League race, with a win in their match against Manchester United away at Old Trafford on Sunday securing the title.
As a consolation, the bookmaker has asked the customer to come forward to offer them a pair of tickets to a game next season plus a free bet on any team to win the 2016/17 title.
Ladbrokes spokesman Alex Donohue 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."
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Replies: 19
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nothing wrong with that. took a tiny loss based on how much the bet was worth at the time.
the real mugs were the guys taking the bookies offers late in the season at awful odds. certainly one case reported in the media of someone who could have hedged it on here for at least 10k more profit. |
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40/1 next season.
Will be interesting to see who they buy first. |
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The 45p will surely buy him a bag of Walkers Crisps, so all's not lost. And they come in many a delicious flavour.
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Kin 'ell - gotta feel for the 50p punter.
WADC  |
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Almost doubled his money after one game
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If he stood to win 10's of thousands you'd imagine how bad he'd feel, but because it's 2 and half grand, I doubt he's feeling suicidal.
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Why are Ladbrokes using this story for PR?
1. It shows just how bad value cashing out is. How does a 50p bet become worth 45p after Leicester win a game. 2. It shows Ladbrokes are either happy taking bets off those people who must be somewhat mentally challenged or so desperate for the 45p having spaffed their money on FOBTS, casino, virtual racing they just had to cash out. |
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Quite
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Could it be Money Tree?
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"The unnamed Ladbrokes customer"
1.01: First name starts with "Money" and second name ends in "Tree". |
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LOL I was just typing that while wathing TV. Have you hacked my computer?
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Leicester have not won yet if Spurs catch them this Leicester fan will look a shrewd judge
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do you want to reconsider that insanity plea?
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Shirley this is a great bet. 50p on and if Leicester win 45p profit. If they lose or draw they would probably stay at 5,000/1 so he gets his 50p back when cashing out.
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Have I misread this?
His bet RETURNED 45p - so a 5p loss? After a Leicester win? Why don't journalists challenge Lads. |
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Ladbrokes website clears it up
 Stakes, Returns and Winnings (Article No. 240) Stakes The Stake of a bet is the amount put down on a selection to win or place. So for a £10 win bet the stake is £10 and for a £10 each way bet the stake is £20. Returns The Returns from a bet are the amount you get back if all or part of the bet wins. So if a £10 win bet wins at 4/1, then the total returns are £50. Hence the returns represent the odds for the bet multiplied by the stake (£40) and the stake is returned (£10). So the total return is £50. Winnings Confusingly, winnings is sometimes used to refer to the same thing as returns, namely the stake plus the returns. At other other times it refers to the returns less the stake. That is the amount of profit made from the bet which does not include the stake you get back. |
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I've layed Leicester so it's not me.
As it stands they are not champions. Could they lose all three. YES. Could spurs win all three. YES. |
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This is a totally fictional 'customer' used to get Ladcrooks in the press for yet another week regarding Leicester City
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I'd be more p^ssed off i only bet 45p
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