Danish state bookie to lose big if Iceland wins Euro 2016

Brexit 2.0 was expensive for Denmark

In light of recent events, the belief that Iceland will win Euro 2016 is growing – and the Danish state bookie stand to lose millions of kroner if it goes all the way.

“Right now, we’re looking at having to pay out 19 million kroner if Iceland become European champions,” Peter Emmike Rasmussen from Danske Spil told DR.

“This figure will only increase. It could be the largest payout ever.”

You win some, you lose some
Iceland’s recent victory over England proved very expensive for the folks at Danske Spil – all in all, they lost 5 million kroner.

And if the country of just over 300,000 residents pulls off another upset victory against France in the quarter-finals, Danske Spil stands to lose the same amount yet again.

Normally, outsiders are good news for bookies, but not this time.

“The more surprises, the more expensive it becomes for us,” said Rasmussen.