HomeNewsMan Bets $71 on a Horse Race and Later Ends Up a Multi-Millionaire

Man Bets $71 on a Horse Race and Later Ends Up a Multi-Millionaire

by Quentin Blount
Photo by Alice Miles/Racing Photos

Sometimes, all it takes is one big win and then making some smart investments. That strategy worked out to perfection for Darren Yates after he won more than $638,000 by betting on a horse race.

Darren Yates came from humble beginnings, but he is now a multi-millionaire. All it took was him betting $71 on Frankie Dettori riding seven winners at Ascot back September 26, 1996. He spoke to The Sun recently about his life-changing wager.

“I’d been playing football for my local team in Morecambe and only caught the racing results over a post-game pint,” he said. “I asked how it was going and they said Dettori had four out of four. I reckoned I’d won €700 ($811). Then Frankie’s fifth and sixth horses wet in and I thought I was heading for the €24,000 mark,” Yates recalled. “So, I went down to the betting shop to watch the seventh race and just quietly sat there.”

Clearly, at this point, Yates was definitely breaking a sweat. He went on to say that he nearly fainted after Dettori raced home for the win and he found out how much money he had just made.

“I couldn’t believe it when Frankie stormed home. I asked the counter girl how much I’d won, thinking it would be about €50,000. When she told me it was over €500,000 I almost fainted. I went home and just burst out crying.”

No judgment from us. We would all probably shed some tears if we won big too like Yates was able to. He then proudly went back home to his wife to tell her the good news.

“I told my wife Annaley, ‘I’ve done it, darling. We’ve hit the big one.'”

And just that was enough for her to start crying.

“We sat there hugging each other for about an hour and we just couldn’t stop crying. That was the best moment o my life — knowing all of our worries were over.”

Man Living the High Life After Winning Massive Amount on a Horse Race

It’s pretty clear here that Darren Yates is not a dumb man. He didn’t go out and blow all of his winnings after the fact. Instead, he and his wife upgraded their living situation and then used the rest of the money to invest in horses and real estate. Yates purchased two €10,000 horses along with several other €20,000 three-bedroom semi-detached houses. He used those to start his real estate empire but later sold them right before the COVID-19 pandemic took hold on the economy.

Rupert Adams, a spokesman for William Hill called the story “incredible” and “fantastic.”

“It’s a remarkable rags to riches story. Seeing Darren and Annaley with racing royalty in the parade ring was absolutely fantastic.”