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Bookies suffer one of the worst days in Cheltenham Festival history

Jockey Aidan Coleman celebrates as he rides Paisley Park to victory in the Stayers Hurdle (credit: Michael Steele/Getty Images)

Day Three of the Cheltenham Festival has turned out to be one of the worst days for bookmakers in the history of this event, according to Ladbrokes.

With favourites hitting the mark all afternoon on Thursday, Ladbrokes estimated industry wide losses of up to £50million.

“Today has been one of the worst days we’ve ever encountered at the Cheltenham Festival,” spokesperson Nicola McGeady told RacingTips.com.

“Tiger Roll’s win on Wednesday was the start of an incredible winning streak for punters.

“We are bracing ourselves for further pain [on Thursday], with Sir Erec assuming the role of Irish banker in the first.”


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Bookies suffer one of the worst days in Cheltenham Festival history

Day Three of the Cheltenham Festival has turned out to be one of the worst days for bookmakers in the history of this event, according to Ladbrokes.

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