Tote placepot pays out a crazy £14,000 after huge day of outsiders at Cheltenham
THE Tote paid out a huge £14,087 on their Placepots from just £1 today after an eventful day at Cheltenham.
The bookie has been guaranteeing a £1m pot for each day of the festival, but have actually seen it reach £1.4m every day so far – with the Gold Cup day set to come tomorrow.
That figure is the 4th biggest festival payout in the last 10 years.
A series of long shot helped the pot rise on a day the bookies needed after the first two days saw mostly favourites come through.
But Tote’s payout will have helped punters with a huge spike between legs five and six.
The share was already up to £10.08 after the first race where Stage Star came home at 15/2 followed by Notlongtillmay at 40/1 before odds-on favourite Mighty Potter.
The second race of the day saw 9/1 shot Good Time Jonny help the dividend rise up to £57.54.
Who should you back in the Gold Cup? Templegate has the answers
What is a Placepot?
In the last five years, Cheltenham has yielded the highest Placepot dividend of all UK racecourses — It returned an average of £2,361.39.
In the last 10 years Cheltenham has also returned some huge Placepot dividends, including over £91,000 in 2019.
The Placepot enables punters to potentially claim large returns for a small stake, and keep things interesting throughout the day’s racing.
HOW TO GET FREE BETS ON THE CHELTENHAM FESTIVAL
Even-money favourite Shishkin was then beaten by Envoi Allen at 13/2 before 33/1 Sire Du Berlais took the Stayers Hurdle in front of 9/4 fave Teahupoo.
Leg five of the placepot saw the payout shoot up to over £2,000 as 20/1 Seddon came in.
And then it finished on the huge £14,087 after 16/1 You Wear It well sealed victory – with favourite Luccia dropping down to fourth.
Tote believe there will have been at least 100 winners each taking a share with just over 104 winning units, where a £1 line would see the full £14,087.
“Today demonstrates just how much fun playing the Placepot can be and when we say small stakes big possibilities we really mean it!” Jamie Hart Racing Director at Tote said.
“Mighty Potter not placing in the first meant over 65% of the total pool was wiped out, so we knew the winning customers would be in for a healthy pay out, but over £14,000 for a quid is a fantastic result.
“We can expect the biggest pool of the week tomorrow, so I encourage people to get involved for their chance to win without backing a winner!”
Fancy trying the Placepot tomorrow to win a share of £1m – find out more here.
How to place a placepot
It’s very simple
Visit the Tote website HERE*
Select a horse in each of the first six races on the card at the Cheltenham Festival
Choose your stake, It could be as little as £1
If all six of your picks place (they don’t have to win) then you will receive a share of the total dividend
The dividend is decided on the number of winning tickets divided by the amount of money in the prize pool
You can select more than one horse in each race, and that’s known as a Placepot perm
If you do that, your stake will increase as you are playing more than one line
If you select one horse for each race and choose a £1 stake, your total outlay will be £6
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*18+ New customers online only. Place your first bet on racing pools for a minimum of £/€5 and win or lose you will receive £/€20 Tote Credit. £/€20 Tote Credit rewarded as £/€10 redeemable against racing bets only and £/€10 redeemable against UK and Irish placepot bets only. Tote Credit cannot be withdrawn, exchanged, or substituted and expires after 7 days. Qualifying bet is the first racing pool bet added to the bet-slip. Ten to Follow, virtual and football bets do not qualify. Totewin will be the qualifying bet when a Totewin and a Toteplace bet are struck at the same time. UK & ROI customers only. 18+. Full T&Cs apply. BeGambleaware.org.Full T&Cs apply.
