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horses betting

A dream come true: World’s most incredible bets

The Italian rider got the record-breaking day underway with a win on the aptly named three-year-old colt, Wall Street.

Despite the 2,000,000-1 odds, every horse won, granting the gambler a whopping $1.5 million windfall.

He became the first person in Britain to win £1 million ($1.5 million) in a betting shop.

Packer, who had an estimated fortune of $6.7 billion at the time of his death in 2005, was a legendary figure on the track who struggled to find individual bookmakers with enough money to take him on.

Murphy placed the wager online three months before the race, giving him greater odds — and greater returns — than those betting on the day.

The huge windfall helped finance his lifelong ambition of working as a trainer in Louisville, home of the prestigious Kentucky Derby, he told British newspaper The Telegraph.

Against the odds

The biggest loser

A Dream Come True

From humble beginnings as a bookmaker, McManus earned a reputation as the fearless man on the track who would take on any wager — no matter how big.

“He’s an absolute legend.

“The atmosphere in the winners’ enclosure was amazing,” Nick Smith, head of public relations at Ascot, told CNN.

“We actually had champagne for him after the sixth win, and then after the seventh the whole place just erupted.”

Five years later, Ascot erected a lifesize bronze statue of the jockey at the entrance of the famous racecourse, in honor of his historic wins.

It’s become one of the fabled wins in horse racing history — and the elusive dream that lingers in the back of every punter’s mind.

Nicknamed the “Sundance Kid” for his bold gambling, McManus famously won $1.3 million in just one day at Cheltenham in 2006, in series of wagers with similarly daring bookmaker “Fearless” Freddie Williams.

As Cheltenham wraps up for another year on Friday, CNN’s Winning Post takes a look at five of the most incredible horse racing betting stories of all time.

Stable boy-turned-millionaire

In 1996, jockey Frankie Dettori left bookmakers in tears after defying 25,000-1 odds of winning all seven races at Britain’s Ascot Festival.

In the late 1980s a consortium of Sydney bookmakers joined forces to accept Packer’s awesome bets, which could be around $5 million on a single race.

But the bookmakers were rubbing their hands at Sydney’s Golden Slipper Stakes in 1987 when Packer lost around $7 million throughout the day — including $2 million on his own horse, called Christmas Tree — reported Melbourne newspaper The Age.

Dettori’s magnificent seven

Story highlightsLegendary billionaire gambler JP McManus big player at CheltenhamMore than $820m bet at four-day British horse racing festivalTop betting stories include stable boy turned millionaireLucky punter who won $1.5m on horse called A Dream Come True

For a legendary gambler who thinks nothing of betting a million dollars on one horse, Irish businessman JP McManus is by all accounts a surprisingly reserved man.

It started with a horse called Isn’t That Lucky and ended with one called A Dream Come True, for one lucky punter from Yorkshire in Britain.

In 2008, the unnamed man placed just 75 cents on eight horses winning in an accumulator bet, said the BBC.

One lucky punter, Darren Yeats, placed a £59 ($89) accumulator bet on all of Dettori’s races — despite being warned off by his wife.

But the bold gamble paid off and Yeats left the track £550,000 ($830,000) richer.

Described as the “Olympics of jumps racing,” more than $820 million is bet during the four-day festival, with many punters taking their lead from the almost-mythical McManus.

“McManus is a legendary figure because of how brave he is,” Ladbrokes bookmaker David Williams says. . “He’s one of those faces that when he walks into a betting ring, everyone is wondering what he’s going to do.

“But you’d never believe he’s such a big, brazen better — he’s very polite, very unassuming, a real gentlemen.”

But Murphy happily proved the skeptics wrong, scooping $1.5 million in an accumulator — a single bet which relies on all horses winning.

The Irishman could have been accused of letting his heart rule his head when he bet $75 on all five of his boss’s horses winning.

Australian media tycoon Kerry Packer wasn’t known as “The Big Fella” of gambling for nothing, famously halving betting odds in a matter of minutes with his million-dollar wagers.

It was a rare victory for the thoroughbred, who won just 10 of his 62 races.

This time last year, 29-year-old Conor Murphy was a stable boy — until one lucky bet at Cheltenham changed his life forever.

If ever there was an opportunity to step back in time and place a bet, it would surely be on the Kentucky Derby’s 1913 winner Donerail.

The three-year-old colt remains the highest odds winner in the history of the race, placed at 91-1, said the Kentucky Derby Museum.

One hundred years ago, those putting $2 on Donerail would have collected $184.90 in winnings. He’s got balls of steel when it comes to placing bets,” says Barry Orr, spokesman for Betfair, the world’s biggest online betting exchange.Now worth an estimated $1 billion, the 62-year-old property mogul and horse owner was a big player at this week’s Cheltenham Festival — one of the biggest betting events in the Britain. By today’s standards, it’s roughly the equivalent of placing a $46 bet and getting $4,300 back.

Surprise winner Donerail pulled away at the last stretch, setting a new track record with a time of two minutes and four seconds, beating his nearest rival by half-a-length

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Quick Guide to Betting the Horses

They must come in first and second in EXACT order to collect. This is a $2 minimum wager at most tracks.

Superfecta Key

1 horse over 3 others – $6

1 horse over 4 others – $24

1 horse over 5 others – $60

1 horse over 6 others – $120

1 horse over 7 others – $210

Exacta Box

2 horse box – $2

3 horse box – $6

4 horse box – $12

5 horse box – $20

6 horse box – $30

7 horse box – $42

8 horse box – $56

Superfecta Key

You play four horses. Also included is a guide for estimating the cost of wagers that involve multiple combinations like boxes and keys and a chart of payoffs for $2 win bets.

Trifecta

You play three horses. Since this has multiple wagers in combination, it is a $1 minimum wager at most tracks.

Trifecta Key

1 horse over 3 others – $6

1 horse over 4 others – $12

1 horse over 5 others – $20

1 horse over 6 others – $30

1 horse over 7 others – $42

Win

Your horse must finish first to collect. You may play more than three horses in second, third, and fourth, which means any three of those horses can finish in those positions and you will win. You chose one horse to win, called the key horse, who must come in first followed by the other three horses second, third, and fourth in any order to collect. Since this has multiple wagers in combination, it is a $1 minimum wager at most tracks.

Show

Your horse must finish first, second or third to collect. This is a $2 minimum wager at most tracks.

Superfecta Box

4 horse box – $24

5 horse box – $120

6 horse box – $360

By Cindy Pierson Dulay

Exacta Box

You play two horses. Trifecta Box

3 horse box – $6

4 horse box – $24

5 horse box – $60

6 horse box – $120

7 horse box – $210

8 horse box – $336

Here is a quick description of common wager types at race tracks in North America with minimum bets and how they work. You may play more than two horses in second and third, which means any two of those horses can finish in those positions and you will win. Since this has multiple wagers in combination, it is a $1 minimum wager at most tracks and some even go as low as 10 cents for the minimum!. They must finish first, second, third, and fourth in ANY order. Since this has multiple wagers in combination, it is a $1 minimum wager at most tracks and some even go as low as 10 cents for the minimum!

Trifecta Key

You play three horses. You play four horses. This is a $2 minimum wager at most tracks.

Superfecta Box

You play four horses. This is a $2 minimum wager at most tracks.

Trifecta Box

You play three horses. You chose one horse to win, called the key horse, who must come in first followed by the other two horses second and third in any order to collect. They must come in first and second in EITHER order to collect. These wagers are found at just about all types of tracks, including thoroughbred, harness, quarter horse, and greyhound tracks. They must come in first, second, third, and fourth in EXACT order. They must finish first, second, and third in any order to collect. They must finish first, second, third, and fourth in ANY order. Since this has multiple wagers in combination, it is a $1 minimum wager at most tracks.

Multiple Combination Wager Costs

All costs are based on using a $1.00 minimum wager amount

Updated

November 24, 2015.

Win Odds and Payoffs for a $2.00 wager

1-9$2.10  6-5$4.40  3-1$8.00  12-1$26.001-5$2.40  7-5$4.80  4-1$10.00  15-1$32.002-5$2.80  3-2$5.00  9-2$11.00  20-1$42.001-2$3.00  8-5$5.20  5-1$12.00  30-1$62.003-5$3.20  9-5$5.60  6-1$14.00  40-1$82.004-5$3.60  2-1$6.00  8-1$18.00  50-1$102.001-1$4.00  5-2$7.00  10-1$22.00    

Exacta

You play two horses. This is a $2 minimum wager at most tracks.

Wager Types:

Superfecta

You play four horses. This is a $2 minimum wager at most tracks.

Place

Your horse must finish first or second to collect. They must come in first, second, and third in EXACT order to collect