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Coral count cost of Stenson’s Open glory

| 17.07.2016
CORAL ENHANCED ACCAS

Coral is counting the cost of Henrik Stenson’s Open Championship victory this evening, having offered a top price 33-1 about the Swede going into the Royal Troon tournament.  The firm took a substantial six-figure hit following his victory over Phil Mickelson, although a second Claret Jug for the American would have been even more expensive for Coral, having laid the 2013 winner at a clear top price of 50-1 prior to Thursday’s start.

“Although it became clear early on day two that our biggest ante-post liability Colin Montgomerie wasn’t going to ‘do a Leicester’ and pull off a shock success, we knew our fate going into the final round, as both Henrik Stenson and Phil Mickelson were big losers in our book, and with the trailing pack some way behind, it looked highly unlikely both men would be caught to spare us a hammering.  The only saving grace is that a win for Mickelson would have been twice as costly, although the each-way losses on him still did plenty of damage,” said Coral’s David Stevens.

There was some good news for the layer though, as they reported no notable decrease in in-running turnover following the switch of live coverage of the Major from BBC to Sky.

“Going into the tournament we had been concerned that in-running turnover could be hit by the switch of live coverage from BBC to Sky, but that doesn’t appear to have been the case.  Early indications are it may have been slightly down over the weekend, but that can be put down to the lack of competition at the top of the leaderboard, with the pair of golfers dominating for much of the final two days,” added Stevens.

ENDS

Further Information Contact

David Stevens 07720 400438

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Author

David Stevens

David joined Coral as PR manager in 2001, having previously worked at the
Racing Post. Now in the role of Head of PR, he is involved in all aspects
of the company's media relations, providing the latest racing betting news , as well as Coral's sponsorship and event
portfolio. A keen sports fan, and long-suffering Portsmouth supporter (the
two are not always connected), when not working he will normally be found
heading south, or east or west, to the sun, and that liking for the sunshine
explains why he will always prefer flat racing to the jumps.