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Cheltenham Festival punter pockets at least £250,000 after cashing out £5 accumulator

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A Cheltenham Festival punter will pocket at least £250,000 after opting to partially cash out on a £5 accumulator at the Festival.

Paul Dean was facing a potential £511,000 payout from Betfair if odds-on favourite Envoi Allen was victorious in Thursday’s opening Marsh Novices’ Chase.

But Dean opted against risking not winning a penny and has partially cashed out, meaning he will pocket a minimum £250,000, and £300,000 should Envoi Allen win.

Dean wrote on Twitter this morning: “So, after celebrations last night, four hours’ sleep, an hour’s 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 first bets date back to Royal Ascot last year where he backed Golden Horde and Hello Youmzain. He had also backed Shishkin to win the Arkle Chase on Tuesday and Bob Olinger on Wednesday in the Novices Hurdle.

Dean said: “This year I really fancied Golden Horde and Hello Youmzain at Royal Ascot. Shishkin was an obvious one, while Bob Olinger looked so good in his bumper.

“I also love his trainer, Henry de Bromhead, and Bob Olinger’s sire, Sholokhov, plus the Ballymore is my favourite race in the world. I’ve backed all the big winners of the race over the years.

“I just love Envoi Allen and want to be able to cheer him home today, that’s why I have partially cashed out. Come on Envoi.”

Asked what he will do with the money, Dean said: “I’ll be going on a lot of holidays!

“It’s my mum and dad’s 70th this year, so we’ll be going to New York and to some of the best golf courses in the world. I really want to play Bethpage and Sawgrass. And I think I’ll buy a horse.”

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