It seemed about as good an idea as handing Kanye West a microphone at the Grammys. Paddy’s decision to go Money Back ALL losers on the first two races at Cheltenham back-fired spectacularly as first Douvan and then Un de Sceaux pulled Paddy’s pants well and truly down to the tune of £2.5m (€3.5m).
— At The Races (@AtTheRaces) March 10, 2015
And with the so-called competition taking hours rather than minutes to process their offers Paddy Power’s IT department took just six and a half minutes and seven minutes respectively to refund bets to punters. That’s marginally longer than took Team Mullins to take us to the cleaners.
Heading towards 3.20pm, Paddy was staring down the barrel of a Mullins four-timer as Ruby Walsh and Faugheen led home Arctic Fire and Hurricane Fly (below) for a Mullins 1-2-3 in the Champion Hurdle.
There were gasps around Power Tower when Annie Power bit the dust in the Mares’ Hurdle, after taking off too early at the last, but Willie Mullins won the race anyway with Glens Melody with Paul Townend on board.
Many punters’ dreams were stumped by Annie Power’s tumble or so they thought until Paddy after a day ‘working’ the hospitality tent had another brain fart and decided to refund all accas that went south when Annie P fell.
Still, it was a bonanza day for punters which eclipsed two years ago when Paddy got hit for £2.2m on Cheltenham Tuesday as Hurricane Fly won the Champion Hurdle.
After today’s offer clicked Paddy Power said:
This is the biggest refund in the history of the company and probably in the history of bookmaking and after just the first two races, in true Fifty Shades of Grey fashion, we feel like we’ve really felt the full weight of Ruby’s enforcer.