Tiger Woods' victory at the Open last week is said to have cost bookies in the region of £10 million, a record loss for any single golf tournament.

Bookmaker Ladbrokes paid out £50,000 on one each-way bet and another £50,000 on another to win bet after giving odds of 6-1 on the golf prodigy.

A spokesperson for Ladbrokes told Gaming Industry News that the victory was a 'Punters Paradise', and acknowledged massive turnover on the event.

"We gave the top price on Woods and he probably cost us in the region of £3 million. It was the darkest day in our golf history.