A dream come true: World’s most incredible bets

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.

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

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.

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.

“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.

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

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.

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.

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

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.

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

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.

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

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. By today’s standards, it’s roughly the equivalent of placing a $46 bet and getting $4,300 back.

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. 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.

A Dream Come True

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

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

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

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

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

The biggest loser

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 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.”

A dream come true: World’s most incredible bets

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

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

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.

A Dream Come True

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.

The biggest loser

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

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.

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

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..

“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.”

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.

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. “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.”

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

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.

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.

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

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

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.

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.

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

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

Kentucky Derby 2016: Hats, horses, odds (and odd names)

After hundreds of years and thousands upon thousands of horses, it’s no wonder you have to get a little creative. The 142nd running of the Kentucky Derby is this Saturday, May 7. Nyquist Sr.

Even if you’re nowhere near Kentucky and you know nothing about horse racing, you may still be thinking of tuning in (or even dressing up a little). ET. Post time (the start of the race) is at 6:34 p.m. Plus, once a name is used, it can’t be used again for a long time, if ever.

There are 22 horses running in the Kentucky Derby, each with a name more excellent than the last. You usually have to wait several horse generations to reuse a name, and names that belonged to big winners or Hall of Famers can never be used again at all. American Pharoah won 2015’s Kentucky Derby, Preakness Stakes and Belmont Stakes, making him the first Triple Crown winner in 37 years.

Why do I keep hearing about mint juleps and how can I acquire one as soon as possible?

Mint juleps are the traditional drink served at Churchill Downs during the Derby, and they are delicious.

How can I watch it?

Who has the best odds?

The overwhelming favorite to win the race is a horse named Nyquist, a 3-year-old colt from Kentucky. For instance, names can only be 18 characters (including spaces), they can’t have certain artistic or cultural implications and they can’t be named after real people unless the namer gets permission. is excited to see Nyquist Jr. Pour over ice, and enjoy the good life.

The whole shebang will be aired on NBC, with coverage starting at 4 p.m. There’s an official Derby recipe, but if you don’t care for exactitude just mix yourself up some sugar, bourbon, water, and crushed mint.

Is Nyquist by chance named after an active NHL player?

He totally is. perform. There’s Mor Spirit and Mo Tom, Danzing Candy and Cherry Wine, Creator and Exaggerator; it’s really a colorful field.

Who won last year?

THAT would be Triple Crown winner and all-around good horse American Pharoah. ET.

Well, Kentucky! Specifically, Churchill Downs in Louisville.

Why do they have such weird names, anyway?

Horse naming is a serious business.

I know nothing about horse racing but still want to waste some money by randomly betting on a horse. More than that, wearing an fabulous, obnoxious hat is thought to bring good luck (at least, to you and whatever horse you have the most money on). The Jockey Club has tight regulations on what kind of names can be used. Which one has the most excellent name?

We’d have to recommend Suddenbreakingnews, for obvious reasons.

Why do ladies wear fancy, view-obstructing hats?

It’s a Southern thing. Nyquist (the horse) was purchased by a die-hard Detroit Red Wings fan and named after Gustav Nyquist (the Swedish hockey player).

How many horses are running?. Here’s everything you need to know to get that solid Derby experience. As of mid-afternoon Saturday, his odds to win the Derby stood at 2-1