{"id":43,"date":"2024-06-12T04:48:09","date_gmt":"2024-06-12T01:48:09","guid":{"rendered":"https:\/\/vegas2web.icu\/2024\/06\/12\/cheltenham-festival-sees-bookmakers-facing-significant-losses\/"},"modified":"2024-06-13T12:06:37","modified_gmt":"2024-06-13T09:06:37","slug":"cheltenham-festival-sees-bookmakers-facing-significant-losses","status":"publish","type":"post","link":"https:\/\/vegas2web.icu\/2024\/06\/12\/cheltenham-festival-sees-bookmakers-facing-significant-losses\/","title":{"rendered":"Cheltenham Festival Sees Bookmakers Facing Significant Losses"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/-VQXC4TAra4\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Cheltenham horse racing event has been challenging for oddsmakers thus far, with substantial payouts on numerous contests.<\/p>\n<p>The initial race on Tuesday, the Supreme Novices&#8217; Hurdle, alone set Sky Bet back an estimated \u00a33 million ($3.9 million) after the Constitution Hill, trained by Willie Mullins, triumphed at odds of 6\/1.  This was particularly difficult because Sky Bet had been promoting an offer giving patrons up to \u00a320 in no-risk wagers on the first race daily.<\/p>\n<p>William Hill also experienced a setback on the third day of the festival, reportedly losing approximately \u00a32.2 million, primarily due to the win of heavily favored &#8220;Paisley Park&#8221; in the Stayers&#8217; Hurdle. A single wager on Paisley Park cost William Hill \u00a3500,000. <\/p>\n<p>Thursday continued the trend of difficulty for the industry as front-runners won three of the five races.  While the unforeseen victory of &#8220;Corach Ghaslain&#8221; in the Gold Cup at odds of 12\/1, coupled with &#8220;Anibal Fly&#8221; securing second at 22\/1 and &#8220;Bristol De Mai&#8221; finishing third at 18\/1, likely permitted bookmakers to recover some losses, the general feeling appears to be one of bookies experiencing pressure. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Cheltenham horse racing event has been challenging for oddsmakers thus far, with substantial payouts on numerous contests. The initial race on Tuesday, the Supreme Novices&#8217; Hurdle, alone set Sky Bet back an estimated \u00a33 million ($3.9 million) after the Constitution Hill, trained by Willie Mullins, triumphed at odds of 6\/1. This was particularly difficult [&hellip;]<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cheltenham Festival: Big Wins Spell Trouble for Bookies<\/title>\n<meta name=\"description\" content=\"The Cheltenham Festival is off to a roaring start, but not for everyone! Punters are cashing in big, leaving bookmakers facing substantial payouts. Will the oddsmakers survive the week?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2web.icu\/2024\/06\/12\/cheltenham-festival-sees-bookmakers-facing-significant-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cheltenham Festival Sees Bookmakers Facing Significant Losses\" \/>\n<meta property=\"og:description\" content=\"The Cheltenham Festival is off to a roaring start, but not for everyone! Punters are cashing in big, leaving bookmakers facing substantial payouts. 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