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Tiger Woods won the British Open

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When Tiger Woods won the British Open earlier today, both European-based and Caribbean-based bookmakers were hit hard by the victory.

Early reports say it will cost British bookmakers an estimated £10m, their biggest-ever pay-out on golf.

“From start to finish it was an absolute mauling. No matter how short we made him the punters just kept on coming,” said a Ladbrokes spokesman.