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After the last race at Aintree -
RTV said - "The Winner landing a Huge Amount for a Betfair Punter".
RTV said - "The Winner landing a Huge Amount for a Betfair Punter".
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Racing Post reporting the Bet/Story, now ...
Punter cashes out for £57,968 - but could have won £425,000 after final leg wins By James Stevens 6:21PM, OCT 23 2022 A Betfair customer cashed out a Lucky 31 and five-fold accumulator before the final leg which won and would have paid out £425,000. After four winners the customer decided not to put his faith in the 15-8 favourite Credrojava in the 5.05 at Aintree, and cashed out, guaranteeing a payout of just under £58,000. Credrojava then won the mares' bumper by half a length for Harry Fry, holding off the challenge of Ruby Island. The customer staked £67 on runners at Aintree and Ffos Las. He was on 16-1 Old Roan Chase winner Riders Onthe Storm and also won with Honor Grey (9-1) and Dingo Dollar (12-1) at Aintree as well as 7-2 chance Spring Meadow at Ffos Las. The payout was £21,756 from the Lucky 31 and £36,212 from the accumulator. Betfair's Barry Orr said: "The customer elected to cash out and bank nearly £58k for his £67 bet. I’m sure it wasn’t an easy decision to make and he obviously had mixed emotions having seen the last leg win but I imagine there are very few people who wouldn’t have banked the cash. "His selections were inspired and the second leg, Dingo Dollar, traded at 251-1 in running on the Betfair Exchange but managed to get the job done. Good luck to him." |
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Looks like a £2 Lucky 31 - and a £5 Accumulator
The £5 Accumulator had - £49,725 going on to the last Horse (which went on to Win at 15/8) meaning - Would have Won circa £143,000 ... He Cashed Out the Accumulator - for - £36,212 |
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£58K seems incredibly low.
It was worth about double that. |
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It seems very low. Perhaps he was on at much smaller prices? At the prices mentioned his lucky31 was worth about £30k with one to run.
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of course, bookies always take their cut of the cash out, between 20-50% of the actual value.
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He’d have been getting 7/1 for a 2/1 shot in the last. I know it’s easy after the event but why not just cash out the acca.
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wd whoever you are, enjoy
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I’m sure it wasn’t an easy decision to make and he obviously had mixed emotions having seen the last leg win but I imagine there are very few people who wouldn’t have banked the cash.
Yeah Barry, most of us would give up the chance of winning £425,00 on a fav for the sake of £367,000 less  |
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He already had a nice few quid guaranteed from the lucky 31.
The £2 4 fold comes to about £20K. He was mugged. |
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If you have a £200k acca and the last leg is at evens, a fair cash-out would be £100k, but the bookie will offer €75k and hope you take it.
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The payout was £21,756 from the Lucky 31 and £36,212 from the accumulator.
How can the payout from the lucky 15 be less than what was already guaranteed to win. |
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I'm surprised they've made this public cuz I'm not sure it's good publicity as far as cash outs are concerned.
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he is a mug and in years to come when hes done it in he will curse himself. never cash out. hard to credit people do it. and luckies are mug bets without giant bonuses. yet they remain incredibly popular.
one coupon the shops are never without is the luckies. |
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Incredibly poor decision. If he could afford to throw away £67 on a multi it's unlikely £50G would make a huge difference to his life, £450G may well have done. But surprising Betfair are happy to publicise the RIP OFF.
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If it's a straight acca - all or nothing on the last leg, then depending on a person's financial circumstances, cashing out may be the right thing to do?
Cuz you could take the view, say it was £70K going onto the last leg, that it wouldn't cross an ordinary punter's mind to stake that much on a horse, if only because they've never had that amount before in their lives. But against that, you could argue, people do such bets hoping for a life-changing win, so if you're fortunate enough to find yourself in with a good chance of such a payout, why then bottle it? Well, there ya go, that's cleared that up! |
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you are as dim as he is. the very reason you should not do luckies is the full cover nonsense. if youve 70 bags going on the next one do you really want a single?
and another reason for the undesirability of affordability cheques. the obvious, ie. laying a chunk on the last leg might not be possible because they wont let you stick it to do so. assuming you dont have it in there already. |
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Man who admits to recklessly blowing 8 grand, calls another man dim.
Thanks for the kind words, mitolo |
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A fair (or as fair as can be expected) settlement would be £58K PLUS the £30K he's already guaranteed to win.
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im a roll n butter but not dim.
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@ these prices - 16/1,9/1,7/2 & 12/1 (£2 L15 for the 4 wnrs,that had run, returns £30,490).
How was he offered £21,756? |
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I suppose it depends hope important the cashed out value was to him. When I have been in a position of cashing out I generally let it ride as the cash out value is not there.
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datso? well spotted brainbox
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Cashing out accas never made sense anyway. If you make a 3-leg acca, you want all 3 to win. If you make a 4-leg acca, you cash out after 3 wins? What's the point of making the last selection then, you just lose money on the cash out.
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there are very few people who wouldn’t have banked the cash.
Agree George , when I had my little win last November I had about 5k return with 2 to run .....I was not offered any cash out .....I would have taken a similar amount if offered no doubt. |
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why?
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Gaze, the cash out is bigger if you've got one to run
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I think I may now understand the the cash out being so low having a look at oddschecker.
The chap has clearly cashed out earlier in the day. The horse was trading at 4/1 at 3.00pm Springmeadow was his last leg that won in the 2.55 ffos las. The last leg was then not due off till 5.05 He clearly thought at that point after the 4th leg without thinking, he should get out of the bet, as the cash out before the off would of been much higher with the sports book laying off the bet. |
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So if he had taken the morning price that was 11/2 the accumulator was the bet worth in the region of 260-280k I’d say. So the cash out with the take outs from the bookmaker makes sense at 38k at the 4/1 at 3.00pm.
I know what your thinking inspector clouseau  |
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The 21k cash out at that time also makes sense in regards 11/2 morning price and the price at the time of 4/1 at 3.00pm is in line with the cash out offer
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So what I’m saying as phone is playing up. He has cashed the bet at 3.00pm at the 4/1 price and not the price of 15/8 on the off when he would of been able to cash it for 40% more.
That’s my thinking anyway |
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How can £21K make sense when it was already worth £30K
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I’m sure he’ll be on soon to say how Ill he feels. Not sure you can come back from this as a punter
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he had the best win of his life and is having a terrible night, go figure.
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Good god what inept cashing out - cash out of 1 not the other, I might do a £1 acc just for the purpose of cashing out my L15 selections but to cash out both is silly. Hope he spends his 10,s of 000 wisely.......
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Who said the bet was worth 30k. I don’t even know what the stake is?
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Why don't you read the thread?
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Swifty you may of been delighted and most punters would but to cash both bets is madness imo and I’d struggle to live with it, with a life changer down the Kermit. He’ll never get the opportunity again you can be sure of that
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I have jml. I’ve seen penzance post.
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The payout was £21,756 from the Lucky 31 and £36,212 from the accumulator.
How can the payout from the lucky 15 be less than what was already guaranteed to win. Untill we know what prices were taken ( if any ) hard to say, but surely had more than £21k back if left to run. ?? |