Kiwi punter places $55,000 bet on previous champion to win FIFA World Cup

A New Zealand punter has bet $55,000 (at $1.27) on a previous FIFA World Cup winner to take out this year's tournament.

Germany, Spain, Italy, Brazil, France, Argentina, England, and Uruguay are the eight teams to have won the World Cup.

They stand to win $69,850.

The TAB says New Zealanders bet more than $32.3m during the last world cup.

FIFA World Cup trophy Source: Photosport