Placepot Perfection Leaves Cheltenham Festival Regular £182,000 Better-Off

The 2019 Cheltenham Festival is off and running with unexpected results leading to a record payout for one lucky punter.

Cheltenham Festival

One lucky punter wins a record-breaking Placepot worth £182,000 on the opening day of the Cheltenham Festival. (Image: PA)

With an average daily attendance of 65,000 visitors expected over the course of four days, Cheltenham always throws up some interesting stories. This year is no exception as one racegoer has scooped a Placepot worth £182,000.

Placepot Soars at Favourites Fall

At the start of day one, the Placepot pool had soared to almost £1 million. With heavy favourites expected to romp home, thousands of spectators were confident they could predict the outcome of six consecutive races.

According to the Racing Post, “Apple’s Jade, Buveur D’Air and Laurina accounted for 91 per cent of the tickets going into the Unibet Champion Hurdle.” When all three failed to perform as expected, the money up top was guaranteed to be big.

Eventually, after Benie Des Dieux fell in the OLBG Mares’ Hurdle, just 56.01 units were left going into the final leg. In the end, only 10.5 units were in play as A Plus Tard crossed the line to win the day’s sixth race.

As per the rules of Placepot betting, each bet placed on a horse equates to a number of units. Based on this, the favourites often receive the most betting interest and, therefore, have more units on their head.

When the pool closes, the more units left in play, the more times the prizepool has to be split. By the time the latest lucky punter collected their winnings, just 10.5 units remained.

Cheltenham Festival Regular Wins Big

Based on amount wagered and the units remaining, the dividend was £91,283 for every £1 staked. By betting £2 at the start of the day, the man who wishes to remain anonymous collected just over £182,000 for his efforts.

Speaking to the Racing Post, the Cheltenham Festival regular said he never expected the payout to be so big.

“We came in after the sixth race to cash it and thought it might be a couple of hundred quid, but the bet wasn’t ready so we went out to watch the last race. We came back in after that race and handed over the ticket. The lady behind the counter’s face just dropped,” said the mystery winner.

Tuesday’s Placepot divided is largest in Cheltenham Festival history, doubling the amount paid out in 2014 when Lord Windermere won the Cheltenham Gold Cup.

Although controversy surrounded the start of the festival when BetBright customers were left out in the cold by William Hill, the event has been a success so far.

Indeed, with record numbers placing a bet on the Grand National in 2018, Cheltenham organisers will be hoping more records follow the latest Placepot success story.

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