Nicholas Levene, a City fund manager, allegedly lost £720,000 in a spread bet on a game in the ICC World Twenty20 between South Africa and the West Indies in September 2007 after staking £10,000 per run. The betting firm IG Index lodged papers in the Queen’s Bench Division of the High Court claiming that the debt had risen to more than £1.7 million two years later with interest and fees. The match in Johannesburg was won by South Africa by eight wickets, though not before Chris Gayle had scored 117 for the West Indies off only 57 balls to boost the total of 205, an innings that probably hit the spread-betters.