£29000 Cash Out on Leicester to Win the Leagues

Leicester City fan Jon Pryke has cashed out on a £20 bet for a whopping £29,000 after placing a bet on Leicester to win the league at the start of 2015/16 Premier League season at odds of 5000/1

In what can only be described as an astounding run by Leicester City FC one lucky fan has managed to ride his luck all the way to a £29,000 cash profit from a measly 20 pound bet on Leicester to win the league title. Jon Pryke placed two bets on his beloved football team at the beginning of the 2015/2016 Premier League season with the odds set at 5000/1 on Leicester City to Win the Premier League and 400/1 to Finish Top Four.

Jon's bets at the beginning of the season:

• £20 Bet on Leicester To Win the Premier League @ 4000/1
• £10 Bet on Leicester To Finish Top 4 @ 400/1

It's been confirmed that Jon's first bet of 20 quid on Leicester City winning the league has been cashed in for a whopping £29,000 which means that if they do go on to win he will have lost out on £71,000...ouch!

Despite the possibility of lossing out on 71 grand it doesn't seem to bother Jon, as in his own words carrying the bet on was "ruining the games for me to be quite honest" - fair play we bet it must have been pretty nerve racking. When asked about what he would have spent he full £100,000 he replied that an Aston Martin was on the cards - but now that he's accepted the cash out offer he's agreed with the wife to redecorate the house!

In addition to £29,000 already claimed by Jon he also stands to win another £4,000 provide Leicester finish up in the champions league places with just 10 games to go and 10 points clear of fifth places it's almost looking like a dead cert. We don't know about you but we may well be taking tips from Jon the next time he fancies a flutter on a 5000 to 1 shot at riches.

Ladbrokes were the unlucky bookie to take this gents bet at the start of the season and Alex Donohue of Ladbrokes had this to say "£29k from £20 is an incredibly impressive return regardless and we take our hat off to him for having the vision to back his side at 5000/1 at the start of the season."

Jon isn't the only lucky punter to have backed Leicester at huge odds though as Ladbrokes also confirmed that 47 other sports betters had backed Leicester at 4000/1 with four of them cashing out early already. In addition William Hill have an eye watering £2,000,000 of liability with 12 people holding bets at 5000/1 with the largest potential payout lined up for a customer from Guildford who have a £75 wager on Leicester each way at 1500/1 standing to win £ 140,775! Spokesman for Wiliam Hill, Rupert Adams joked "For commercial reasons we are not Leicester fans".