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Bookies flattened in £20 Million pound battering by football favourites

| 23.03.2014

An almost unprecedented pattern of football results yesterday has cost Britain’s bookmakers £20 million pounds, the second worst day for betting operators ever.

Remarkably bookmakers suffered their worst ever day just two months ago in January when a similar ‘perfect storm’ of punter-friendly results cost the industry £25 million pounds.

Yesterday 19 of the most popular 20 teams in accumulators with Coral all won with only Leicester’s draw with Blackburn avoiding an even more costly clean sweep, and all eight favourites in the Premier League matches won.

Coral’s bill will run into millions of pounds across both its 1,800 betting shops and its online and mobile betting operation. The Stratford based firm will be paying out over 100 individual wins of £2,000 or more, with most of these four figure winning customers staking £20 or in most cases much less.

A customer in Coral’s Vicarage Road shop in Watford staked just 80p on a successful 13 team accumulator and won £4,063, while another Coral customer in English Street, Carlisle put £1 on a 15 team accumulator and collected £4,166.

“Yesterday literally hundreds of thousands of football punters across Britain will have turned a few quid into hundreds, and in some cases, thousands of pounds, as all but one of the fancied teams across all the major divisions in Britain won their matches,” said Simon Clare, Coral Spokesman.

“We have never known anything like it. Just two months ago we suffered our worst ever weekend of football betting but consoled ourselves with the thought that at least it would be a long time until we were hit so badly again. We were wrong, and yesterday was nearly as bad,” explained Clare.

“All the big sides won across all the divisions and when the last minute Newcastle winner went in against Crystal Palace there was a deathly silence across the Coral trading floor. Even a cloud as dark as this for the bookies has a silver lining as at least all the losses have been spread across many thousands of recreational punters who will have enjoyed thrilling wins yesterday. We will look forward not back and prepare for a surge of turnover on football over the next few days and weeks as the winner’s play up their winnings, and others hope to emulate them”, said Clare.

“However given the vast sums of money involved, it will take a long time for bookies to claw it back, and we will now be praying for a brilliant World Cup to make up for a poor season”, concluded Clare.


Examples of Coral small stakes big wins from yesterday:

Beckfield Lane, Acomb, York an £11 11-fold won £4,411
The High Street, Harlow Essex a £40 7-fold won £6,534
Vicarage Road, Watford an 80p 13-Fold won £4,063
English Street, Carlisle a £1 15-Fold won £4,166
Solihull High Street a £2 12-Fold netted £4,091
Airbles Street, Motherwell a £2 5-Fold won £2,392
Winterbottom Avenue, Hartlepool a £5 12-Fold won £11,495
Vicarage Street, Hailsham in East Sussex a 50p 6-Fold won £2,463
Cove Road, Farnborough, Hampshire a £2 15-Fold won £4,840



Simon Clare

Simon Clare joined Coral in 1997 as Racecourse PR representative and was
promoted to Coral PR Director in October 2002. Between 2008 to 2011 Clare
added Trading to his responsibilities in a new role as Coral Trading & PR
Director. In 2011 he relinquished his Trading responsibilities and assumed a
new wider role of PR & Broadcast Director responsible for all Coral Public
Relations activity, CoralTV and Social Media. Clare has extensive broadcast
experience on radio and television commenting on a diverse range of betting events from the obvious - horse racing, football and sport - to the more obscure - politics, reality TV, showbiz and the weather.
Simon Clare is a keen sports fan, still turning out for Carshalton FC on a
Saturday when work allows.