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McIlroy British Open Win Would Net Father $170,000 on Bet

Photographer: Matthew Lewis/Getty Images

Rory McIlroy of Northern Ireland hits a shot on the 17th hole during the third round of The 143rd Open Championship at Royal Liverpool on July 19, 2014 in Hoylake, England. Close

Rory McIlroy of Northern Ireland hits a shot on the 17th hole during the third round of... Read More

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Photographer: Matthew Lewis/Getty Images

Rory McIlroy of Northern Ireland hits a shot on the 17th hole during the third round of The 143rd Open Championship at Royal Liverpool on July 19, 2014 in Hoylake, England.

Rory McIlroy’s father is set to win 100,000 pounds ($170,000) if his son captures the British Open, Ladbrokes Plc (LAD) said. McIlroy holds a six-shot lead over the field entering today’s final round.

Gerry McIlroy placed a 200-pound bet at 500-1 odds in 2004 on his son, then 15, winning the golf tournament within 10 years, the U.K. bookmaker said in an e-mailed statement today. Family friends also bet 200 pounds in 2005 on McIlroy winning the British Open within 10 years at 250-1 and placed a 200-pound bet at 150-1 on him winning the Open before age 50.

Those bets could result in an additional 80,000-pound payout, Ladbrokes said.

“This is the most expensive Open result since Tiger’s heyday in 2006 but although we’re facing heavy losses we can’t help but admire the foresight of Rory’s dad and his pals a decade ago,” Ladbrokes spokeswoman Jessica Bridge said in the statement, referring to 14-time major champion Tiger Woods.

McIlroy, 25, is set to tee off at Royal Liverpool in Hoylake, England, at 2:40 p.m. local time. Woods, playing his first major this year following back surgery, is 21 shots off the lead after a bogey and double bogey through seven holes today.

A victory would give McIlroy of Northern Ireland his third major title in three different events, moving him three-fourths of the way to golf’s modern career grand slam. He won the U.S. Open in 2011 and the PGA Championship in 2012 -- both by eight shots -- and with a win today would need only a victory at the Masters Tournament in Augusta, Georgia, to become the sixth man to complete the feat.

To contact the reporter on this story: Sara Marley in London at smarley1@bloomberg.net

To contact the editors responsible for this story: Christopher Elser at celser@bloomberg.net Randall Hackley, Chris Reiter

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