Punter wins one of the 'biggest payouts ever' from just £35 after extraordinary bet

One lucky punter has received one of the 'biggest payouts ever' after a stunning each-way bet on the horse racing meet at Fairyhouse.

The bet was placed on the opening day of the Easter Festival at the venue, which is located in County Meath, Ireland.

The punter placed an £17.50 each-way bet on three horses to win their respective races at stunning odds, meaning a total stake of £35.

In the first race, the Michael O'Sullivan-ridden Don Chalant was selected, at odds of 9/1.

The second horse was Ardera Ru, who was priced up at 33/1 when the bet was placed but dropped to 18/1 by the time of starters orders.

That meant the bet relied on the horse with the longest odds, as the punter placed a bet on Mousey Brown to win the 4:30 race at 50/1. Again, the odds had increased by race time, down to 33/1.

Olympic Man, owned by Willie Mullins, had the lead off the final fence, but Mousey Brown charged forward and got its nose in front over the final few lengths of the race.

The punter, therefore, was left in dreamland, with the winning bet pocketing them an eye-watering sum of €331,452.80 (around £285,000).

And because of best odds guaranteed, they won €50,000 more than they would have done if the odds were set as the horses began each race.

The bet was placed with Coral, with a spokesperson for the bookmakers telling The Sun that the win had to be 'right up there' with the biggest they had ever seen.

The spokesperson said: "It's got to be right up there with the biggest payouts we've had, and in terms of Irish racing it definitely is.

"We're all still looking at it here and wondering how he picked them. It was absolutely tremendous punting."

Gambling.com have recorded nine people that have won over £250,000 from horse racing bets - although there are no doubt others out there.

The highest recorded payout was to Steve Whitely, a heating engineer from Devon, who placed a £2 Tote placepot bet at a race meeting in Exeter in 2011. He subsequently won a staggering £1.45 million from six picks, including two 16/1 shots.