Bookies could face biggest ever payout on Grand National betting
Bookmakers all over the country will be hoping that come the end of the Grand National at Aintree on Saturday, Joes Edge will be not parading around the winner’s enclosure.
In little more than three weeks, Joes Edge has shortened from 50-1 outsider to 8-1 favourite ever since his victory in the William Hill Chase at the Cheltenham National Hunt Festival on March 13.
On the money that his been bet on him so far, bookies stand to face a £2.5 million payout if the 10-year-old wins. However, if the mass support continues for Joes Edge, which seems almost certain as casual punters tend to pile in on the favourites, that potential payout could quickly escalate.
"If the public do get behind Joes Edge on the day, which they are likely to do because they tend to follow where the money is being bet, come the off at 4.15pm on Saturday it could be the biggest liability bookmakers have held in any Grand National,” said William Hill spokesman Ben Clarke.
"The bookmakers could be facing tens or even hundreds of millions in payouts if he is first past the post."
Joes Edge, trained by Ferdy Murphy and ridden by Graham Lee, who won on Amberleigh House in 2004, finished seventh in last years Grand National on a sodden course. However, this year’s dry conditions look set to favour Joes Edge.
Over 16 million Brits are expected to have a flutter on the National, according to Ladbrokes, at an average of about £8 a bet.
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Editor, Jackpot.co.uk - 2007-04-13 12:32:18