Man Loses £500,000 On Single Bet At Cheltenham Festival

Okay guys, steady on a second because you're about to hear about a guy who - let's face it... it's pretty safe to say - is a complete and utter idiot, or is so absurdly rich that he doesn't give a fuck about losing a half a million points.

Yesterday this bookie paid out on a £400,000 bet on Altior at odds of 1-4 in the Arkle Novices' Chase, meaning the punter won himself £100,000 and giving him a grand total of £500,000

Today then had a £500,000 bet from the same punter on Douvan in the Queen Mother Champion Chase; the horse was also an odds-on favourite at 2-7 with most bookmakers.

But, sadly for the gambler, the favourite didn't come home the winner today.

Meaning that one bookie is £500,000 richer.

And one guy must be feeling pretty embarrassed right now.

Quite the opposite of this guy....

Meet The Luckiest Man Alive

Credit: YouTube

A man was filmed last month while putting a towering stack of chips (worth $100,000) onto number 32; he can then be seen casually sipping his wine as the camera scans the crowd. Just moments later the croupier is heard announcing the box number: 32.

And the lucky bastard wins $3.5 million.

Credit: YouTube

The man can then be seen celebrating with his pals - I bet he found himself a whole bunch of 'new friends' that evening, too.

He didn't even need the money, because he is reported by the Daily Mail to be Pedro Grendene Bartelle, a Brazilian businessman and the nephew of billionaire Alexandre Grendene Bartelle, who co-founded Grendene, the world's largest manufacturer of sandals.

Grendene, which produces Havaianas flip flops, has resulted in Alexandre amassing a net worth of $2.1 billion. So I doubt he'll be expecting a few quid from his nephew.

And it's not just his family's wealth he can enjoy - Pedro is a successful businessman in his own right. He is currently the president of Vulcabras-Azaleia, which is the third largest footwear company in Latin America, behind a company called Brazilians Alpargatas and, of course, his uncle's.

Topics: Horse Racing, Idiot

James Dawson

James Dawson is a Journalist at LADbible. He has contributed articles to LADbible’s ‘Knowing Me, Knowing EU’ series on the EU referendum, the 'Electoral Dysfunction' series on the 2017 general election, the ‘U OK M8?’ series tackling mental health amongst young men, and for its ‘Climate Change’ initiative in partnership with National Geographic.

@thejaytoday