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Bookies left to lick wounds in €2.5m coup

BOOKIES were left licking their wounds today after punters took them for an estimated €2.5m after a gamble involving four horses paid off.

Alarm bells began ringing for the turf accountants early yesterday when money began pouring in for Eye Of The Tiger, Seven Summits, Indus Valley and Low Key after lengthy absences from the track.


At overnight prices, an accumulator on the four was paying more than 9,000/1. But when racing began, and with the bookmakers realising an upset was on the cards, the odds had fallen to just over 17/1.

Eye Of The Tiger got the ball rolling by cruising home at Lingfield after being backed in to even-money favourite. A couple of minutes later at Catterick, Seven Summits landed the card's two-mile handicap hurdle under the stewardship of Paul Moloney at 9/4.

By now, punters had latched on and momentum gathered pace, with Indus Valley which duly scored at 4/6. All eyes then turned to Low Key.

Backed from 7/2 into 4/7 for another Kempton handicap, Low Key completed the rout under Liam Keniry.

With no one admitting to any knowledge of a co-ordinated plan, it is impossible to know how orchestrated the venture was. But the weight of money left bookmakers describing it as Black Wednesday.


Paddy Power said they alone had been stung for €1m. "This is a weapons-grade coup," said a spokesman.

Pat Cooney, a spokesman for Bet365, estimated a payout of around €2.5m, but said it could have been a lot worse.

He said: "It's still going to be a bad day, but very few people were quick enough to get the good odds."

See SPORT: page 53