Cheltenham Festival punter loses £500,000 following hefty bet on Douvan as favourite flops in the Champion Chase


Half a million bucked

After winning £400,000 from Altior’s win on Tuesday, the un-named punter lost all of his winnings the following day

DOUVAN was an overwhelming backed to win the Champion Chase at Cheltenham but the 2-9 favourite surprisingly let down punters.

But one gambler in particular was let down by the horse trained by Willie Mullins after losing a staggering £500,000 on the seven-year-old.

Douvan flopped to seventh place in the Champion Chase at Cheltenham

PA:Press Association

Douvan flopped to seventh place in the Champion Chase at Cheltenham

Ruby Walsh managed a seventh-placed finish with Douvan, as Special Tiara (11-1) stormed to victory in the fourth race on Ladies Day.

What made Douvan such a strong favourite was the fact he had won 14 races on the spin before the Champion Chase in Gloucesteshire.

And one punter was clearly confident the horse would make it 15 successive wins after reportedly placing a £500,000 bet.

An un-named punter lost £500,000 on Douvan’s loss

Getty Images

An un-named punter lost £500,000 on Douvan’s loss

Douvan was 2-9 favourite to win the Champion Chase

Reuters

Douvan was 2-9 favourite to win the Champion Chase


It is believed the losing punter used their £400,000 worth of winnings from Altior’s victory on the Arkle Chase on Douvan.

When the un-named person placed a bet on Douvan, the odds were just 1-5 – meaning he would have won just £100,000.

Douvan, who is French bred, but Irish trained, struggled as Noel Fehily rode Special Tiara to victory and the winning rider could not believe their shock victory.

Fehily said: “Unbelievable. He’s such a great ride, he’s everything a two-mile chaser should be. He’s a very good horse.

The form books were turned upside down as Special Tiara won the race

Getty Images – WireImage

The form books were turned upside down as Special Tiara won the race

“I didn’t I could (beat Douvan), but I thought I had a great chance of being second. I got over the last and was surprised something hadn’t come to me, but I knew he wasn’t stopping.

“He has one way of running and that’s flat to the mat and jump – I just let him get on with it.

“I’ve always loved two-mile chasers, the Champion Chase is the one you want to win. To win it is fantastic.”

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