Punter guaranteed at least £250,000 off just £5 bet but could bag £322,000 if Envoi Allen wins at Cheltenham Festival

Punter guaranteed at least £250,000 off just £5 bet but could bag £322,000 if Envoi Allen wins at Cheltenham Festival

THE GENIUS punter who stood to win more than £500,000 from just a £5 bet has partially cashed out his amazing acca.

Paul Dean is still guaranteed at least £250,000 regardless of what happens in the first race today at Cheltenham Festival.

Dean, 40, could have let the bet roll to collect £511,225 if unbeaten odds-on favourite Envoi Allen went onto win.

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But after a restless night which included hardly any sleep, Dean took a partial cash-out offer from Betfair.

It means he still stands to win £322,000 if Envoi Allen – who is just 4-9 into the market – wins.

Dean tweeted 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.

"With other bets my position on the race is £322,000 Envoi or £250,000 the field. Thanks to @BetfairBarry @Betfair #ComeOnEnvoi!"

It means the result of the race is a win either way for Dean, whose amazing five-fold acca went viral.

He placed an acca taking in two races from Royal Ascot last year and three from this year's Cheltenham Festival.

Dean stood to win so much because he backed the horses at odds far above what they actually won at.

For example, Bob Olinger won the Ballymore Novices' Hurdle at odds of 6-4.

But the punter backed the horse at a massive 25-1.

The same happened with Shishkin, who was backed to win the Arkle Chase at 4-1 before triumphing at a miniscule 4-9.

Golden Horde won the Commonwealth Cup at Ascot back in June last year at 5-1 – but was backed at 12-1 by Dean.

And Hello Youmzain was a 10-1 winner in the Diamond Jubilee Stakes.

On the day he was sent off at 4-1.

More to follow.

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