Cheltenham’s Tote Placepot bet hits record payout of £91,000

• Favourites flop to give huge dividend for a £1 stake
• Non-betting industry sponsors delight BHA

It is never easy to find winners at Cheltenham but for much of the day here on Friday it was more than most punters could do to find a horse to just make the frame. After a series of unlikely results, the first six races on the card produced a Tote Placepot dividend of £91,774.50 for a £1 stake, a record in the bet’s long history – and nearly half as much again as the previous record payout of £63,284.30 at Newmarket in October 2003.

Not a single favourite managed to reach the places in the half-dozen races on which the Placepot operates, and it was clear as early as the second race, in which the placed horses were 16-1, 25-1 and 9-1, that a large dividend was possible.

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