Sports

Unfortunate Royal Ascot punter misses out on £83,000 windfall after choosing to cash out on accumulator for less than £500

One unfortunate punter has missed out on winning £83,000 as a result of cashing out early on a Royal Ascot bet.

As a result, Bailey Grant came away with just £463.75 in winnings, much to his frustration.

Ascot is always a popular event for racing fans up and down the country

GETTY

Ascot is always a popular event for racing fans up and down the country

Grant had placed bets on numerous races over two days of the illustrious horse racing event that took place this week.

Putting £1.06 each way on a seven-fold accumulator bet, things got off to an ideal start as all three of his bets from Thursday’s races came in.

That gave him the option to cash out for a prize of £125.48.

Choosing not to cash out and continue into Friday’s races, Bailey’s fourth horse won as well, bringing him a step closer to his five-figure jackpot.

Just three wins away from the ultimate prize, Bailey lost his nerve and opted to cash out on his bet, an option where a better can take a portion of their winnings before all of your selected bets have taken place.

Walking away with £463.75 seemed like a good result at the time, but after watching the final three races of his accumulator with the money already in his pocket, only to see all three horses come away victorious as well.


Meditate was one of the winners selected by Bailey in his seven-fold accumulator

Meditate was one of the winners selected by Bailey in his seven-fold accumulator

As a result, Bailey could have walked away with a total of £83,638.75.

Many people questioned his decision to cash out, but Bailey replied with: “Some of you on here, don’t have the brains to think about it financially! Imagine if one of them got placed or came nowhere in the race? You all would be laughing or kicking ye selfs!” 

He added: “At the end of the days boys, I’ve just turned 21 had bets in the past especially at Cheltenham this year. One horse left to run either it falls or pulls up early on!” 

“It paid off, maybe not the £83k but I’ve played the bookies at their own game and came away with just under £7k+ in total for only today alone!”

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