PHILADELPHIA (CBS) — Rory McIlroy was not the only member of his family who took home some cash for his victory at the British Open on Sunday. The 25-year old golfer took home $1.66 million for his third major victory and his father also walked away with over $170,000.

Ten years ago, McIlroy’s father Gerry, placed a bet with the British betting firm, Ladbrokes. The bet was that within ten years, or before McIlroy turned 26 years old, he would win the British Open.

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The elder McIlroy put 200-pounds ($341) on his son to win at 500/1 odds. Two friends of McIlroy’s father also placed bets. Those bets were for the same amount at 250/1 odds for him to win the tournament by 2015 and at 150/1 odds for him to win the tournament by the age of 50.

Those two bets will total out to over $130,000.

Ladbrokes’ Rachel Bridge spoke with ESPN.com about the bets and the win for McIlroy and his friends.

“We take the chance on bets like these,” Bridge said. “We can make a lot money, but it’s a big risk if one comes through. Unfortunately, on this one, we have egg on our face. Rory’s father and his friends are having champagne on us tonight.”

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The folks over at Ladbrokes turned out to be good sports and they Tweeted out congratulations to the McIlroy’s.

Sometimes it truly pays off to believe in your children.

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