Punter wins astronomical Cheltenham Festival bet after staking crazy amount on State Man

ONE lucky punter bagged a stunning bet after staking an eye-watering sum at Cheltenham Festival.

The individual in question backed heavy favourite State Man in the Champion Hurdle and won a huge prize.

One bold punter staked £50,000 on State Man

The bet returned £68,000 after State man crossed the line first

ReutersState Man was the big favourite for the Champion Hurdle[/caption]

PAPaul Townend celebrates after winning his first Champion Hurdle[/caption]

They placed £50,000 on the horse in a bet which returned £68,000 after State Man crossed the finishing line first.

That meant the happy punter could breathe a sigh of relief as they put an extra £18,000 in their back pocket.

Winning jockey Paul Townend also had plenty to celebrate after winning his first Champion Hurdle.

It was his second win of the day at Cheltenham as he rode Gaelic Warrior to victory in the Arkle Challenge Trophy Novices’ Chase.

It has been a day for the favourites with Gaelic Warrior also heavily tipped to win in the 14:10.

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