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Man To Win At Least £250,000 After He Partially Cashes Out Amazing £5 Acca

Man To Win At Least £250,000 After He Partially Cashes Out Amazing £5 Acca

He decided to accept Betfair's offer

Amelia Ward

Amelia Ward

One lucky punter is set to win at least £250,000 ($349,000) on a £5 ($7) accumulator he put on for the Cheltenham Festival.

Paul Dean could have collected more than half a million pounds on the bet, which he has now partially cashed out.

If he had decided to let the bet run on to odds-on favourite Envoi Allen in today's opening race, he could have been in with a chance of doubling his £250k win.

But, after a long night of deciding what is best to do, he took Betfair up on its offer of a payout before the Marsh Novices' Chase at 1.20pm.

Dean documented his journey on Twitter, with thousands rooting for him.

The offer means that if Envoi Allen wins, he will scoop £300,000, but if the 'banker' is defeated, he'll still get a tidy £250,000.

He said: "So after celebrations last night, 4 hours sleep, an hours walk at 5am I've decided to take a partial cash out offer of 300 Envoi / 250 the field.

"With other bets my position on the race is £322,000 Envoi or £250,000 the field."

The accumulator has consisted of 12-1, 10-1, 4-1 and 25-1 winners so far.

Betfair spokesman Barry Orr said: "At Paul's request we gave him a partial cash out offer which reflected his desire to have a portion of his bet still running on Envoi Allen, while also ensuring a substantial profit on his incredible bet.

"The offer sees Paul receive £250k if anything other than Envoi Allen wins the Marsh Novices' Chase today at 1.20 and an additional £50k should Envoi Allen win.

"Giving him a total of £300k and fulfilling his wish of being able to cheer home Envoi Allen with gusto."

Featured Image Credit: PA

Topics: SPORT, UK News