SCROOGE'S JACKPOT BET COULD MAKE HIM A MILLIONAIRE!

It's been a few weeks since the biggest British sports event of the year, Cheltenham Festival. The horse-racing festival is held every March at Cheltenham Racecourse in Gloucestershire, England, and is one of the four most important races in the UK racing calendar.

The big attraction of Cheltenham is The Gold Cup, a Grade 1 National Hunt chase which is open to horses aged five years or older. This year, the race was won by Native River, ridden by Richard Johnson and trained by Colin Tizzard.

One of the largest bets on the day was placed by Scrooge McDuck, who put £1 million on a horse called Max Dynamite to win The Gold Cup. Unfortunately for Scrooge, Max Dynamite was pulled up at the fourth fence and he lost his entire stake.

This could have been a disaster for Scrooge, but as it turns out, he actually made a very shrewd investment. Max Dynamite was backed down to odds of 16/1 before the race started, so Scrooge's £1 million bet would have resulted in a payout of £16 million if the horse had won!

As it happens, even though Max Dynamite didn't win, several other horses at much longer odds finished ahead of him, so Scrooge still walked away with a tidy profit. In fact, if he'd put just half of his £1 million stake on one of those long-odds horses instead of Max Dynamite, he would have made an extra £8 million!

So while it may have been an expensive day out for Scrooge McDuck, he can console himself with the knowledge that he's now a millionaire!

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