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Racing punter stands to win more than £500,000 from a £5 bet if Envoi Allen wins at Cheltenham.

Would YOU cash out? Racing punter stands to win more than £500,000 from a £5 accumulator placed last June if the odds-on favourite wins tomorrow’s first race at Cheltenham… but the bookies have offered him £275,000 to settle NOW!

  • A racing punter won’t rest easy tonight with more than £500,000 on the line
  • Paul Dean placed a £5 accumulator last June, when betting on Royal Ascot
  • Now if Envoi Allen wins tomorrow, he could win over half a million pounds
  • Betfair have confirmed that he has been offered £275,000 to cash out 

A horse racing punter incredibly stands to win more than £500,000 if Envoi Allen delivers the goods in the Marsh Novices Chase at Cheltenham Festival on Thursday. 

Paul Dean, who goes by the Twitter name @istabraq_king, took to social media on Wednesday to share the remarkable bet after Bob Olinger clinched victory in the Ballymore Novices Hurdle at Cheltenham.

After Rachael Blackmore struck again with Bob Olinger, it meant Paul now just needs Envoi Allen, who is favourite at 9/2 with Betfair, to win Thursday’s opening race for him to walk away with £511,225.

If Envoi Allen reigns supreme in Marsh Novices Chase, a racing punter could win over £500k

The racing punter stands to win £511,225 unless he cashes out for £275,000

The racing punter stands to win £511,225 unless he cashes out for £275,000

ODDS OF EACH RACE 

June 19, 2020: Commonwealth Cup at Royal Ascot – Golden Horde 12/1 (starting price 5/1)

June 20, 2020: Diamond Jubilee Stakes at Royal Ascot – Hello Youmzain 10/1 (starting price 4/1)

March 16: Arkle Chase at Cheltenham – Shishkin 4/1 (starting price 4/9 fav)

March 17: Ballymore Novices Hurdle at Cheltenham – Bob Olinger 25/1 (starting price 6/4 fav)

March 18: Marsh Novices Chase at Cheltenham – Envoi Allen 9/2 

Betfair have confirmed that if he opted to cash out, the racing fan would still win an astonishing £275,000 from the £5 bet he made last June.  

When revealing the eye-watering accumulator, Paul wrote on Twitter on Wednesday: ‘Praying for Envoi tomorrow’, alongside a praying emoji. 

Sportsmail has approached Paul for comment. 

In the betting slip, the racing punter’s first horse came in last June at Royal Ascot as Golden Horde won the Commonwealth Cup at 12/1.

A day later, Hello Youmzain at 10/1 reigned supreme in the Diamond Jubilee Stakes at Ascot.

And fast forward to this year’s Cheltenham Festival, he won with Shishkin at 4/1 in the Arkle Chase on the opening day on Tuesday before Bob Olinger (25/1) triumphed on Wednesday.

Now with just one more race on the line, his nerves must be shredded as he has a huge decision to make – whether to cash out for £275,000 or gamble and hold out for over half a million. 

Racing fans flocked to social media to wish their best to the punter, and one user even commented: ‘This chap isn’t sleeping a wink tonight! Good luck.’

Paul amusingly replied: ‘Will try my best’, alongside a picture of plenty of alcohol – to calm the nerves.

Betfair spokesman, Barry Orr commented on Wednesday: ‘The customer is sitting on over half a million pound payout for just a £5 bet and told me he wont be able to sleep tonight. I’d say that’s a massive understatement’

‘He could take the cash out offer of £275,000 and sit back safe in the knowledge that regardless of what happens in the race he is £275,000 better off, or he can reject the offer and hope that Envoi Allen beats his 7 opponents and also safely negotiate the 16 fences to land his incredible bet’

‘Envoi Allen is 4/9 favourite so he may well stick and let the bet run.’

More to follow… 

Paul Dean jokingly suggested he will be drinking plenty of alcohol to calm his nerves

Paul Dean jokingly suggested he will be drinking plenty of alcohol to calm his nerves

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