Betfred Pay Out on City Title Win

Betfred Pay Out on City Title Win

We haven’t even reached the end of 2021 but there is good news for those who have backed Manchester City to be Premier League champions. Bookmakers Betfred have already paid out on City winning the title.

Betfred made the decision this week when City were six points clear at the top of the table. That decision looks even better after the results on Wednesday December 29. City went eight points clear of Chelsea in second with Liverpool (who have a game in hand) a further point adrift.

The night before had seen Liverpool lose 1-0 at Leicester City. The situation at the top of the Premier League table got even better for City on Wednesday. Chelsea again dropped points as a late equalizer saw them held to a 1-1 home draw by Brighton and Hove Albion. Phil Foden scored the winner for City as they won 1-0 away at Brentford.

City ten straight wins

That win at Brentford was the tenth straight Premier League win for City. It was the decision of Betfred boss and founder Fred Done to make the early payment to those who have backed City to be Premier League champions. The decision is for both online players and those bets placed in the Betfred betting shops.

“While we’re live, I’m gonna do it,” Done said when announcing his decision. “I think it’s all over,” he said and that was before Wednesday’s big night for City.

The reigning Premier League champions have been in scorching form of late. That’s not gone unnoticed by the boss of Betfred. “They’ve scored 17 goals in the last three games. They scored six on Saturday, they scored four against Newcastle, they scored seven against Leeds.”

He’s also a big fan of Pep Guardiola. “In my opinion, they’ve got the current best manager in the world,” he said. If City do finish top of the table, it’ll be the fourth Premier League title Guardiola has won at the club.

It’s not the first time that Done has paid out early on who will win the Premier League. It hasn’t always worked for the bookmakers. In 1998, Manchester United had a 12-point lead over Arsenal. Done paid out but then Arsenal made a great comeback and won the title by a single point. Betfred lost £500,000 due to that early payout on United.

A rather cheesed off Sir Alex Ferguson told Done never to pay out early again. However, he didn’t listen and did the same again in 2012. This time United were five points clear. You can imagine his horror when Sergio Aguero scored that late goal to win the title.

Could Manchester City cause more losses for Betfred? They have a healthier lead now than when the decision was taken. That will likely improve further as Liverpool have Chelsea to play in their next Premier League fixture. A draw in that game would be a great result for City and Betfred.