Loss is a win for bookies
ENGLAND may have been in a sombre mood after Wednesday night’s World Cup defeat, but the bookies were quietly celebrating their victory.
Paddy Power Betfair, William Hill and Ladbrokes Coral owner GVC all saw their share prices rise after avoiding millions of pounds of payouts to punters who had a bet on Gareth Southgate’s side.
Ladbrokes happily admitted that Croatia’s dramatic extratime goal “saved us millions upon millions”.
It was estimated an England World Cup victory would have cost the bookies £200 million.