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Creamed in the Supreme! Paddy Power pays out €5.5m on the first race of the Cheltenham Festival

Paddy's had his Lucky Pants well and truly pulled down in the very first race of the Cheltenham Festival

by Josh Powell | March 11, 2014

The first race on day one and Paddy was creamed in the Supreme.

Co-favourite Vantour impressively won Tuesday’s Supreme Novices’ Hurdle at Cheltenham – but Paddy Power’s brain-fart to give money back on the 2nd, 3rd and 4th placed horses has cost us dear. To the tune of €5.5m to be precise across retail and online and puts the score firmly at 1-0 to the punters.

Josses Hill, Vaniteux, and Sgt Reckless all followed Ruby Walsh up Cleeve Hill to click the money-back special as Paddy was left to count the cost of not investing in an abacus last Christmas. No need to whip out the calculator boss, we have the figures right here and they’re as tough to stomach as the three-day-old lasagne upstairs.

This year’s Cheltenham offer was the most generous ever and has come back to haunt us massively. Last year we refunded £2.2 million on all losers after Hurricane Fly romped home in the Champion Hurdle but this is a whole new level of refund-related disaster. In today’s society we should probably Instagram or Snapchat his state of misery, but even we can’t be that harsh.

He’s a broken man.

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‘Our Supreme offer resulted in the greatest antepost turnover on a race we’ve ever seen’, said Paddy. ‘Irving may not have been the aeroplane that many thought, but Vautour was an equine Rolls Royce and we’re a cool €5.5 million behind.’

‘This is despite getting lucky with the placed horses and after just the first race and while the stiff Cheltenham hill looks daunting for the horses, we’ve got a climb of Mount Everest proportions to get our dough back after that.’

It’s the perfect start to the Cheltenham Festival for punters who were left legless after a monster payout from Paddy, and with many people’s Tuesday banker, Quevega, still to come in the Mares’ Hurdle at 4.00pm, it’s only going to get worse for Paddy.

There are still plenty more offers lined up for the Cheltenham Festival, which begs the question why the shareholders leave these decisions up to a man who has a complete disregard for the company’s finances. Keep your eyes peeled for more #Cheltmental behavior!

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