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May

Football fan wins on spread betting
San Diego Union Tribune, United States - Mar 15, 2006

A 50-year-old football fan from Surrey who recently won £375,000 on spread betting "could not quite believe" his bet had been successful.

Father of three Clive Palmer has been celebrating after staking £2,000 on a six-pronged accumulator at the beginning of the football season, reports the Mirror.

Mr Palmer's bet, which was placed at a price of 180-1, included the prediction that Chelsea would be Premiership champions, Lyon would win the French Championship and that Gretna would be champions of the Scottish second division.

For the spread to be successful, West Bromwich Albion, Millwall and Rushden & Diamonds all had to be relegated from their respective divisions, which they were.

Rupert Adams of the bookmaker William Hill told the Mirror: "It took foresight to place a bet like that."

According to the newspaper, Mr Palmer's spread betting win is the largest amount paid out for a pre-season accumulator in Britain and he plans to spend his winnings on a family holiday.

Most bookmakers have specific football betting coupons, which state the odds each team has of winning on a particular weekend.

By spread betting, in the form of a football accumulator, a customer will increase the odds of winning a bet, but will also increase the amount of money they will win if the bet is successful.

Source Code: http://www.qck.com

 
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