Cheltenham Festival Results in Huge Payouts for Savvy Punters

By Martin Green21 March 2021
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Cheltenham Gold Cup winner Minella Indo

A Betfair customer raked in £390,000 by compiling successful accumulators during this week’s Cheltenham Festival. Paul Dean from Stockton-on-Tees went viral on Thursday after he bagged £250,000 from a £5 bet.

The punter placed a five-leg accumulator last summer. The first two legs were at Royal Ascot, and they paid off, as Golden Horde won the Commonwealth Cup at 12/1 and Hello Humzain landed the Diamond Jubilee Stakes at 10/1. The remaining three legs were at this week’s Cheltenham Festival.

Shishkin roared to victory at odds of 4/1, and then Bob Olinger made it four out of four by winning at 25/1. The final leg was on Envoi Allen, the red hot favourite in the Marsh Novice Chase on Thursday. He would have earned Dean a £500,000 payout by securing victory.

Dean took advantage of a partial cash out option at Betfair. It meant he would have landed £322,000 if Envoi Allen won, and £250,000 if he failed to win. In the end, Envoi Allen fell at the fourth fence, bringing his 11-race unbeaten record to an end, so Dean was pleased to secure a £250,000 payout due to the partial cashout.

On Friday, he won an extra £140,000 by nailing a successful tricast on the Cheltenham Gold Cup. Dean predicted that Minella Indo would win, ahead of stablemate A Plus Tard, with Al Boum Photo in third. The tricast paid £91.54, so Dean must have placed a wager of around £1,500 on that selection.

“I’m buzzing, the whole family is,” he told the Mirror. “I am going to have a few beers and let this sink in. I cannot wait for my local pub to reopen. It is going to be quite some party.”

Minella Indo Earns Huge Payout

Paddy Power reported that another punter landed a €578,340 payout after placing a €20 accumulator at one of its Irish betting shops in December. The bettor predicted that the leading lights from Henry de Bromhead’s stable would thrive at the Cheltenham Festival.

He backed Honeysuckle for the Champion Hurdle at 16/1, Bob Olinger in the Ballymore at 20/1, Put The Kettle On in the Champion Chase at 8/1 and Minella Indo in the Cheltenham Gold Cup at 8/1. No trainer had ever won the Champion Hurdle, Champion Chase and Gold Cup before, but de Bromhead pulled it off, while Bob Olinger was victorious in the Ballymore, allowing the punter to earn a huge profit.

One racing fan placed a successful each-way treble on Chantry House, Bob Olinger and Sir Gerhard at Cheltenham. The £10.36 stake resulted in a return of £99,194.40. Another place a 50p each-way Lucky 31 on Mrs Milner, Allaho, Mount Ida, Telmesomethinggirl and The Shunter, landing a £15,770.34 return from a £31 stake. A bettor called Chris Bailey, a plumber from Newmarket, celebrated a £28,000 win after betting a £15 stake on Sir Gerhard, Monkfish and Shishkin.

Another happy punter was Liverpool midfielder James Milner, who backed namesake Mrs Milner to win the Pertemps Network Final Handicap Hurdle at odds of 12/1 at the Cheltenham Festival. Mrs Milner surged to victory, leaving the Liverpool star quids in, but he said that his wife has demanded all the winnings. He added that he does not own the horse.