|It's been a bad few days for the punter at Britain's famous Cheltenham Festival. Bookmakers have benefited from the failure of a number of favourites such as Rooster Booster and Moscow Flyer to win their races, and conservative estimates suggest that the punter has lost something in the region of £40 million to unpredictable results. |
William Hill, which enjoyed record turnover, told the BBC, 'Cheltenham has been the polar opposite of last year for us and we are going to Aintree and into the Flat season without being battered and bruised.'
It was also a great festival for the Internet bookie. BETDAQ reported record handling - in excess of £30 million over the three days. This represents a four fold increase on last year's meeting. 'Thursday was a record breaker on the exchange with over £3 million bet on the Gold Cup alone,' said BETDAQ's Rob Hartnett.