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 pounds ($14.55 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 pounds.
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.