another grub wrote:Story in the news ltd. papers tommorow about it.
IT looked like the dumbest bet you have ever seen -$50,000 on a greyhound without the prospect of winning a cent.
But it was actually a simple error – an accidental plunge – and yesterday it sent Australian racing circles into a spin.
The Courier-Mail reports the industry was awash with rumours over the reasons why a punter would place $50,000 on the unspectacular greyhound Sweet Keeping at Ballarat with UNiTAB on Wednesday night, when a win would have only returned the punter's money.
Apart from the $50,100 bet, there was only $3116 in the pool which meant Sweet Keeping would have returned a money back dividend because of the size of the bet in a small pool.
But the dog ran second so the money was lost.
It turns out an operator with betting firm Betezy was laying off a small bet and had meant to press an amount of $50 or $100 with the firm's UNiBET account but keyed in $50,100 and did not have time to cancel the bet.
Sweet Keeping chased hard down the straight, going down by two lengths to Rocks Back who paid $2.30 on the NSW TAB, $2.80 on SuperTAB and a staggering $44 on UNiTAB, enabling some small punters to celebrate Christmas four months early.
A Betezy spokesman denied there had been a mistake but said the result "hurt a lot".
The $50,100 bet came so close to starting time that other UNiTAB punters did not have the chance to jump on the huge odds offered on other dogs.