Cheltenham Festival punter turns modest £1 bet into colossal £40,000 win

One punter miraculously managed to turn a modest £1 bet into colossal £40,000 win following the events of the Cheltenham Festival on Wednesday (15 March).

Despite just choosing only one winner, the lucky punter took home a fortune in winnings from William Hill.

With just a mere 50p each-way bet, this low-risk gamble definitely had a very high-reward.

However, it does warn that the danger of any accumulator is that it’s a 'win-or-bust' situation.

"If you consider yourself to be a risk-averse punter, you might prefer to place a cover bet alongside your accumulator," the site continues.

"This involves making a string of bets to cover all possible outcomes from your selections."

If all seven selections ended up winning, the £1 bet could have ended up resulting in a massive £694,264,012, however, the place odds were set at 81,859.62/1.

The festivities started when Impaire Et Passe won the the Ballymore Novices' Hurdle at the solid odds of 5/2.

Following this, Willie Mullins' Bronn competed in the legendary Brown Advisory Novices' Chase, coming third at a hefty 50/1.

Carrying on, none other than Captain Conby finished sixth in the Coral Cup Handicap Hurdle at 2:50 pm and - with the help of William Hill's Extra Places offering - was recorded as a winner.

And the fourth horse, Captain Guinness, came second-pace to Energumene in the Queen Mother Champion Chase at 12/1.

But this is where things crank up a notch or two.

The Cheltenham punter ended up relying on the gambling company's Extra Places for a second time when Lieutenant Rocco, whose odds were set at 100/1, came fourth in the Cross Country Chase.

Sixth contender, Dinoblue, secured a solid second-place in the penultimate race of the day.

Then, Captain Teague, with 40/1 odds, finished in third place Fact To File and A Dream To Share in the final race of the festival.

And following all of this, the punter ended up taking home a whopping £40,929 in earnings..

Lee Phelps, a William Hill spokesperson, said: "You’ve got to take your hat off to one of our customers who scooped over £40k at the Cheltenham Festival yesterday thanks in no small part to our extra places offers.

"The punter’s selections included Bronn at 50/1, Lieutenant Rocco at 100/1 and Captain Teague at 33/1, who all placed, and they were left celebrating a win of £40,929.31.

"We'll be keeping an eye whatever they’re backing for the rest of the Festival!"

And this guy wasn't the only lucky gambler at the Cheltenham Festival.

Merrigan confessed that he 'murdered' the Prestbury Park bookies after the horse he had backed for half a year, The Real Whacker, had finally won from odds of 50-1 right down to 8-1. The former jockey ended up taking home more than £50,000 from the bookies.

Definitely an eventful Wednesday for these two lucky punters.