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Published 19:27 7 Mar 2016 GMT
Updated 19:28 7 Mar 2016 GMT
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"I read the papers on Saturday morning and thought it's time to cash out," he said.
"Win or lose the league, I'm looking forward to the rest of the season ahead. It will mean so much if we win, so there's no point in being greedy.
"I'll be celebrating tonight hopefully after beating Watford. A holiday to Spain is a certainty followed by paying off the mortgage with the winnings."
Except Leicester then went on to beat Watford and cement their place at the summit of the table.
The decision to cash out before the victory cost him just short of £20,000, according to the Daily Mirror.
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