How one lucky gambler turned $100 into an incredible $3.2 million windfall with the most remarkable Melbourne Cup bet

One lucky punter has turned $100 into a $3.2 million windfall with a sensational bet on the Melbourne Cup.

It is understood that the gambler initially only thought his bet would return $780,000, but was stunned to learn of their full dividend.

A sensational afternoon of racing unfolded at Flemington on Tuesday as $81 outsider Knight’s Choice took over favorites Buckaroo, Onesmooth operator and the Willie Mullins-trained Vauban to win the Melbourne Cup.

The horse, ridden by Irish jockey Robbie Dolan, raced ahead of the rest of the field in the final seconds of the race and was crowned the winner in a photo finish.

And it appears several punters have cashed in on the outsider following the thoroughbred’s sensational performance.

On Tuesday, Ladbrokes revealed the punter had sensationally picked the first four finishers in the Melbourne Cup.

The bettor remarkably backed Knight’s Choice to finish first, Warp Speed ​​second, Okita Soushi third and Zardozi fourth to clinch the massive prize pool.

According to Ladbroke’s pre-race odds, Knight’s Choice had a 1.23 percent chance of winning, with Warp Speed ​​priced at $26, Okita Souchi at $18 and Zardozi backed to win at $14.

But the person managed to get the final four places for Australia’s great race, with Ladbrokes spokesman Tom Hackett confirming the person had placed $100 on the bet.

“Congratulations to a lucky Ladbrokes punter who has managed to find the top four in the Melbourne Cup,” Hackett said.

Ladbrokes posted a betting slip on Twitter showing a punter had won $3.2 million on a $100 bet

The punter backed outsider Knight’s Choice to win the Melbourne Cup and picked the three horses to finish after him

‘They boxed Knight’s Choice, Warp Speed, Okita Soushi and Zardozi and turned their $100 investment into $3.2 million, which is already in their Ladbrokes account.

‘The client initially thought he had won $780,000, so you can imagine their surprise when the full dividend was announced.

‘It’s a life-changing result and shows that anything can happen in the Melbourne Cup!’

The gambler’s bet sees him claim a payout of 416.66 percent.

Elsewhere, another lucky gambler won big after another first four bet was placed on a $24 stake.

That forced bookkeepers TAB to pay out a $728,000 dividend, while the betting company also handed one gambler $81,000 after the person placed a sensational $1000 bet on Knight’s Choice.

One person also won a whopping $28,491.70 from a $6 mystery trifecta – a bet where a gambler’s horses are randomly selected by the accounting firm’s systems.

Ladbrokes claimed the gambler wagered $100 on the bet, earning a 416.66 percent return on his stake

It was also a dream day for Dolan and Knight’s Choice, with the jockey claiming he felt like he was dreaming after the race.

“Pinch me, I’m dreaming… I can’t believe it,” he told Nine News after the race.

‘I think I’ll continue singing for the rest of my life after that. Who cares.’