Cheltenham Festival 2021: Punter cashes out to win £250,000 from £5 stake
- Published
Envoi Allen was previously unbeaten in his National Hunt career with 11 wins from 11 starts
A punter has won £250,000 from a £5 bet after deciding to 'cash out' on the final leg of his accumulator at Cheltenham.
Paul Dean was eyeing a potential £511,000 payday on Thursday if the last runner in his five-horse wager - hot favourite Envoi Allen - triumphed.
However, he decided not to risk it all and walked away with £250,000 hours before Envoi fell in the Marsh Novices' Chase.
As part of Dean's deal with Betfair, he would have received £300,000 if Envoi had won.
"So after celebrations last night, four hours sleep, an hour's walk at 5am, I've decided to take a partial cash out offer of 300 Envoi/250 the field," Dean said, earlier on Thursday.
"With other bets my position on the race is £322,000 Envoi or £250,000 the field."
Paul Dean's betslip showing the odds he got the five horses at
Dean's run began with two winners at Royal Ascot nine months ago, and two more have followed at Cheltenham this week.
The winners:
Golden Horde (12-1) - Won Commonwealth Cup, Ascot, 19 June 2020
Hello Youmzain (10-1) - Won Diamond Jubilee Stakes, Ascot, 20 June 2020
Shishkin (4-1) Won Arkle Chase, Cheltenham, 16 March 2021
Bob Olinger (25-1) Won Ballymore Novices' Hurdle, Cheltenham, 17 March 2021
The final leg:
Envoi Allen (4-9) - fell, Marsh Novices' Chase, Cheltenham, 18 March 2021
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