Punter's AU$1,000,000 wager pays off

The Strait Times reported that "an international punter who gambled AU$1 million, recouped his stake and more than half that again yesterday when Lonhro won his final Melbourne race in the 2,000-metre Australian Cup at Flemington.” According to the report, Sportingbet gaming officials confirmed that they had taken the AU$1-million bet at AU$1.55, meaning the gambler’s win generated a profit of AU$550,000. They also stated it was believed the largest single bet made on a horse in the past 20 years in Australia. The Sydney Morning Herald reported Lonhro to have checked badly when he tried to get out of a pocket. Fortunately, the stallion managed to pick himself up to win in the last stride.