LEICESTER CITY have pulled off the greatest upset in history by defying odds of 5000/1 to win the Premier League according to Ladbrokes.
Tottenham's draw with Chelsea hands the title to Leicester with two games to spare, sealing a £3m payout to City backers, 22 of whom held on to bets at 5000/1 resisting temptation to cash in throughout the season.
The fairytale win for Leicester secures windfalls of £100,000 (from £20), £73,500 (from £10 each way) and £10,000 for student and lifelong fan Karishma Kapoor, 20, who placed just £2 at the start of the season.
Kapoor said: "The first half did my nerves no favours, but I always had the faith we would do it at some point so I'm just ecstatic, not just due to the bet but for the team and the entire city. I'm on cloud 9 as a Leicester fan as it is and the bet is the icing on the cake. I'll pay for the drinks tonight, save some of the money and spend the rest on a European away day next season."
Alex Donohue of Ladbrokes said:"The greatest sporting story of all time is no longer a dream. Leicester have officially landed the biggest upset ever seen and when it comes to this story going straight to Hollywood all bets are off."
"We may be paying out record sums to Leicester backers but we do so with a smile and we have to applaud the handful of fans who took the mammoth odds at the start of the season. It's been a thrill to be involved in this story from the off for a company which such a passion for sport."
The win for Leicester has also been hailed as a game-changer by Ladbrokes who vow never to offer odds of 5000/1 again for any football team to win a league.
Donohue added: "The days of 5000/1 are over. We'll never be so generous with odds again for an underdog, but we still forecast up to 50 times as much betting interest in outsiders for the title next season".
Leicester City are 33/1 to win back to back titles with 100/1 offered about them winning the Champions League at the first attempt.
***Leicester City 5000/1 biggest winners***
£20 win - £100,000
£10 each way - £73,5000
£5 each way - £33,333
£5 each way - £33,333
£2 win - £10,000
£1 each way - £6,666
47 bets at 5000/1 at start of season
25 cash outs
Ladbrokes latest betting:
Leicester City to win the 2016/17 title 33/1
Leicester City to win the 2016/17 Champions League 100/1
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