Premier League Betting - Irish Bookmaker Pays Out on Doomed Portsmouth

The bell has chimed for Pompey according to Paddy Power with the bookmaker yesterday paying out on the South Coast club being relegated this season.

Portsmouth had long been fancied by punters for the drop and even pre-season they were the most backed team on the bookie's relegation book having been backed from odds of 9/1 to just 3/1 before the season had even kicked off.

By the time of yesterday's payout Avram Grant's team were just at betting odds of 1/50 for relegation with the hefty five figure payout the biggest win for punters on Paddy Power's relegation market.

Nearly 35% of the bookmaker's Premier League relegation bets this season were on the over-spending South Coast club. With Portsmouth confirming they will enter into administration before the weekend, the nine point penalty would almost certainly doom Pompey, who were already seven points adrift of safety at the bottom of the table.

Latest Betting Odds - Premier League Relegation

8/13 Burnley, 5/6 Hull, 6/5 Wolves, 9/4 Bolton, 4/1 Wigan, 7/1 West Ham, 15/2 Sunderland