Cox Plate costs new bookie Betr a fortune, crashes site

Punters have landed the first blow against new online bookmaker Betr’s after Anamoe took out the Cox Plate in relative ease at The Valley on Saturday.

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The Anamoe offer was too good to refuse for many punters which meant that Betr carried a $10million dollar+ exposure on the short priced $2.30 favourite heading into the $5m weight-for-age feature.

The uptake was that big that Betr’s site wen’t offline after the Cox Plate as punters logged on to collect their winnings which was understood to have been well in excess of $10m.

“Our liability on Anamoe was more than five times what we‘d budgeted,” Betr’s CEO Andrew Menz told Racenet.

“It’s a great result for our customers so early on. While we were ambitious and keen to hit the ground running, we’re genuinely excited that the punters have landed an early blow.”

Punters will be looking to land an early one two punch the Melbourne Cup, with 100-1 on offer (max $10 bet) about each runner until Victoria Derby Day, with Deauville Legend currently holding more than 30 per cent of the punters’ money which has been rumoured to be a $10million dollar plus liability for Betr with six days remaining on the offer.