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Gambler Who Cashed Out £5 Bet For £250,000 Wins Second £140,000 Gold Cup Bet

Tom Wood

| Last updated 

Gambler Who Cashed Out £5 Bet For £250,000 Wins Second £140,000 Gold Cup Bet

The gambler who managed to partially cash out an incredible Cheltenham Festival bet for £250,000 also managed to scoop another £140,000 on Gold Cup day the day after cashing out his first bet, taking his overall winnings from the festival to around £390,000.

Not a bad week, all things considered.

Paul Dean, from Stockton-on-Tees, placed a £5 bet as a five-fold accumulator, and had to make the decision last week whether to let it ride for one more race or partially cash out.

In the end, he accepted an offer from Betfair of £250,000 if his horse lost, and £300,000 if it won.

He took it, and it's a good job that he did.

Envoi Allen, the final horse on the bet, fell after just a few hurdles, meaning he would have won nothing had he let the bet continue.

Paul celebrating his win. Credit: Mirrorpix
Paul celebrating his win. Credit: Mirrorpix

On Friday (19 March), Dean placed another tricast bet - predicting the first three horses over the line - on the Cheltenham Gold Cup, the biggest race of the week, and was amazed to see that wager pay off as well.

Paul told Mirror Online: "I'm buzzing, the whole family is.

"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."

Paul's second bet came in because Minella Indo won the Gold Cup, with A Plus Tard in second and defending champion Al Boum Photo in third.

Speaking about his second remarkable windfall, Paul continued: "I am so happy Minella Indo won it after he was pipped last year, but also that all my other hard work paid off.

"I am still getting my head round it, to be honest, but my parents are chuffed to bits. My dad has not got off the phone telling everyone he knows.

"I love betting, I work really hard at it. I am so glad it has paid off so handsomely - it is a life-changing amount."

Now, Paul will turn his attention to next month's Grand National at Aintree, hoping for another big win.

Minella won the prestigious Cheltenham Gold Cup. Credit: PA
Minella won the prestigious Cheltenham Gold Cup. Credit: PA

Speaking after cashing out his first bet, Paul said he hopes he can make his gambling a viable full-time career.

He said: "I have been betting since I was five, I study the form in great detail, sometimes eight hours a day.

"This win means I can finally spend more time betting seriously which is what I love to do.

"I have always wanted to do it more but only took the leap 18 months ago and it looks like it has finally paid off. It feels like I am living my dream."

Well, this pay-day certainly proves he's got it in him.

Featured Image Credit: Mirrorpix

Topics: SPORT, UK News, Money, Gambling

Tom Wood
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