Proactive Investors - Run By Investors For Investors

William Hill pays out US$1.2mln to lucky punter who backed Tiger Woods

The unnamed customer stuck US$85,000 on Woods to win at Augusta, forcing William Hill US to make its largest ever pay-out on a golf tournament
tiger woods augusta
Tiger’s win was not good news for bookmakers

William Hill PLC (LON:WMH) has been forced to pay out more than US$1mln to one lucky punter who backed Tiger Woods to take the green jacket at The Masters on Sunday.

Tiger produced what some have described as the comeback of all comebacks to take the fifteenth major of his career, following years of personal and professional troubles stretching back to 2009.

The unnamed fan bet US$85,000 on Woods to win at Augusta at odds of 14-1 on Wednesday, the day before the 43-year-old’s opening round.

The wager was so big that it reportedly had to be approved by Joe Asher, the chief executive of William Hill US.

When Woods’ victory was confirmed yesterday evening, William Hill US had to pay out US$1.19mln – the division’s largest ever pay-out on a golf bet.

Various reports suggested the US arm of the bookmaker suffered its biggest golf loss ever at this year’s Masters tournament.

William Hill couldn’t be immediately reached for comment.

Shares were down 1.2% to 166.1p.

View full WMH profile View Profile

William Hill PLC Timeline

Related Articles

Theme Park
March 28 2019
Canaccord Genuity upgraded its rating for accesso to ‘buy’ from hold’ following the e-ticketing and guest experience firm’s recent full-year 2018 results
Oil pollution
July 02 2018
A name change might be in order if PCG pulls the trigger on two investments it is mulling

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use