The Money Shot: place your bets

Starting gate
And they're off!
"According to Ladbrokes, if he had waited a few more hours his bet would've risen to £91,000"
  • | by Emily Bater

Backing a long-shot can sometimes mean coming up trumps, as one Leicester City fan found out this week.

The betting man, from Warwickshire, could've won a whopping £250,000 after putting £50 on the Foxes to win the league.

Instead he decided to bow out of the wager, taking home £72,000 from the 5,000-1 bet he'd made back at the beginning of the season.

Football fan

According to Ladbrokes, if he had waited a few more hours his bet would've risen to £91,000.

If he had waited to see if Leicester could go the distance, he could have entered sporting history as one of the UK's biggest sporting bet winners.

But who else has won big at the bookies?

Intelligent guess

Dean Clay from Burnley won £92,000 in 2015 after betting £2 on a football accumulator. He correctly predicted the outcome of 14 matches to take home the whopping sum.

Young talent

Formula One race track

A Formula 1 oracle was so impressed by a 10-year-old Lewis Hamilton when he saw him on a go-karting track that he bet that the youngster would win the F1 world championship before he turned 25. In 2008 his £100 bet came good, and he took home an eye-watering £125,000.

Against all odds

In 2008 Yorkshireman Fred Craggs saw off odds of 2,000,000-1 to take home £1m after betting 50p on an eight-horse accumulator, and seeing all eight romp to victory.

In the money

A Coral betting shop punter won £870,000 in 2004 after correctly guessing six race winners and placing a £2 bet at odds of 105,729-1.

Horses racing

He's As-got it!

In 1996 Frankie Dettori won all seven races at Ascot, defying odds of 25,000-1. One Darren Yeats of Morecombe couldn't have been happier, as he netted a whopping £550,000.

Nostradamus

A Manchester United fan turned 30p into £500,000 in 2008 after betting on a 15-event accumulator and correctly predicting the outcome of the Champions League, all five English leagues and the three lower Scottish leagues, as well as rugby union and county cricket results. 

News in brief

The UK's most valuable stamp sold for £495,000. The Plate 7 Penny Red is one of only five examples and is viewed by collectors as the holy grail of stamps.

Buy-to-let mortgages rocketed by 22% in January compared to 2015, with landlords rushing to beat forthcoming changes to taxes. From 1 April, those buying second homes will pay a 3% surcharge on stamp duty.

Morrisons' profits fell to £242m in 2015, down from £345m. The company is suffering in the face of tough competition, and recently announced it would be the first supermarket to supply groceries to Amazon.  

On Covered Mag this week

The balance transfer market is going bonkers at the moment, with the average length of a balance transfer jumping to 24 months in 2016.

The people at the Competition and Markets Authority must've read our recent piece on prepayment meters, as change may now be on the horizon.

We ventured deep into Zone 1 to check out the myriad wonders on show at the Science Museum in the latest of our Guide to Britain series.

Covered letter

Dear Sir,

I'm writing in relation to last week's Money Shot.

The story you related, about a BBC reporter shining a light on a scam affecting banking customers, is yet another example of how the corporation has gotten altogether too big for its boots.

For many years the BBC has been going beyond its remit of showing cosy radio plays and frothy soaps, practising journalism which should be reserved for the likes of the Mirror.

If I could choose I would stop paying the licence fee, but my wife is rather partial to a bit of Bargain Hunt.

Yours sincerely,

Geoffrey Umbridge, Wigginton

Join us next week for another record-smashing edition of the Money Shot. Until then, send us your letters.