Bookmaker pays out £72,000 on Leicester title win bet

One gambler has passed up on the chance to win £250,000 by cashing in his bet on Leicester to take the Premier League title after they went five points clear at the top

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A punter has cashed out £72,000 on a bet on Leicester City to win the Premier League, despite standing to gain £250,000 if Claudio Ranieri's team to take the title.

The early pay out is an industry record as the fan backed the Foxes to go on and win the English top flight with a £50 bet, getting odds of 5000/1.

The mammoth reward is not the first of its kind this season, with another Leicester fan settling for £29,000 on an early pay out on the same bet when he would have gone on to win £100,000 if the bet turns out to be a winner.

And Ladbrokes have revealed that they have given out another massive figure for a bet which seemed ludicrous at the start of the season.

After closest rivals Tottenham and Arsenal drew 2-2 at White Hart Lane on Saturday, Leicester went on to claim three points from Watford, meaning they now sit five points clear at the top of the table with just nine games to go.