Home » News » Partial Cash Out Nets Acca Punter £250,000
Paul Dean could never have imagined the media and public interest in his Acca when he paid out £5 for his 5-bet accumulator bet last summer. The 40-year old racing enthusiast from Stockton-on-Tees regularly places a bet and, as he follows form closely, he fares better than most punters with the results.
But this time round, his humble £5 has paid off big time with Dean cashing out after the first four results came good, with the princely sum of £250,000 from his bookie Betfair Sports. His decision to cash out was also a gamble, with his final pick of Envoi Allen for the Marsh Novices’ Chase at Cheltenham the odds-on favourite. But it was another gamble that came good as the seven-year old, never defeated until today, fell at the fourth fence. Thankfully, both horse and jockey Jack Kennedy were unhurt.
Dean had spent a sleepless night before the race considering his options. If he had let the accumulator bet (popularly known as an ACCA) roll forward, he would have picked up £511,225 from Betfair had Envoi Allen won. Concerned about this potentially enormous loss, his bookie offered him the option of cashing-out for £275,000. But,keen to keep his interest in the race, Dean cannily agreed a different deal – a partial cash-out of £300,000 if Envoi Allen won and £250,000 the field ie if Envoi Allen didn’t win .
After three days of fantastic racing at Cheltenham Festival, Dean’s £250,000 winnings have been the biggest windfall for a punter so far. His accumulator was a long time coming to fruition. Dean’s first success came at Royal Ascot last summer when Golden Horde won the Commonwealth Cup at odds of 12/1 and then Hello Youmzain won the Diamond Jubilee at odds of 10/1. After some long months waiting for the Cheltenham Festival to start, Dean was thrilled when his next ACCA pick, Shishkin, won the Arkle on the first day. His fourth selection, Bob Olinger, cantered home to win the Ballymore Novices’ Hurdle the following day.
Dean has had no regrets about his decision to reject Betfair’s cash-out offer and opt for a deal that retained his interest in the outcome of the Marsh Novices’ Chase, saying “I’m not annoyed I didn’t take the original cash-out option of £275,000. I always put more money on the horse I fancy. That’s the way I like to play. It’s Cheltenham and everybody knows how competitive the racing is and how easily things like this (Envoi Allen’s fall) can happen.”
He added “It’s not so much the races that make me nervous, it’s the months leading up to the festival when my selections shortened. You’ve seen how many drop out and you just hope yours doesn’t get injured.”Dean’s only frustration is that he hasn’t been able to attend Cheltenham Festival in person, the first time in almost two decades he’s missed the event. Although he is pondering many options for his winnings – investing in property, buying a horse, holidays for himself and his parents – we hope he leaves a little cash in his pocket to fund his next Acca!
March 19, 2021
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