Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

holy moly trinity

There was huge money to be made gambling on three of 2016's most unexpected victories

Leicester winning the Premier League, the Brexit vote, and Donald Trump’s presidential victory combined into an accumulator worth a staggering €5.3 million – from a €1.20 bet.

trumpetc (L to R) Leicester striker Jamie Vardy, Ukip's Nigel Farage, Donald Trump PA PA

2016 HAS BEEN the year of the upset.

Pollsters, financial markets, and bookies have called almost every major event this year the wrong way.

The three biggest surprises have been Leicester City winning the 2015/16 Premier League season in May, Britain voting to leave the European Union in June, and Donald Trump beating Hilary Clinton to become the 45th President of the United States.

British bookmaker Ladbrokes told Business Insider that if someone had made a £1 accumulator bet on all three events to happen when they were at their longest odds, they would be sitting on £4,530,906 (€5,342,924) today. In other words, you could have turned €1.20 into €5.3 million.

Ladbrokes says the longest odds it offered on each event were: 5,000/1 on Leicester winning the Premier League, 5/1 on Brexit, and 150/1 on Trump winning the election.

The bookie says nobody had an accumulator on all three events happening but around 100 people had accumulators on both Brexit and a Trump victory. The average odds on these accumulators were 20/1 and the biggest bet was £100 (€120) at that rate – whoever made that bet is sitting on a £2,000 (€2,400) profit today.

Pascal Lemesre, spokesperson for betting exchange Smarkets, told Business Insider its most successful punter made £165,000 (€195,000) trading the US election result overnight.

- Oscar Williams-Grut

Read: Two Irish architects have scooped a world prize for a brutalist university building

Read: Steroids: ‘I thought that the only way I could beat my addiction was to end my life’

Published with permission from
Business Insider
Your Voice
Readers Comments
22
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.