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ONE Cheltenham punter has woken up £55,000 richer after cleaning out the bookies with an amazing £5 bet – which included just one winner.

The Tote bookies literally ran out of money in their till after the bettor smashed their popular Placepot bet to bits on Monday.

He picked a horse to place in the first six races and watched in shock as they all came in.

The biggest surprise was 66-1 Burdett Road in the Champion Hurdle.

• Tote welcome offer: Get £40 bonus — claim here*

The rank outsider scooted home behind 25-1 winner Golden Ace after odds-on fav Constitution Hill fell and State Man, who was ten lengths clear and cruising, crashed out at the last.

His bet included only one winner, which was Jango Baie’s incredible last-to-first victory in the Arkle.

Jockey Nico de Boinville admitted he had all but given up as he struggled in last, hitting 300-1 on the in-running markets.

But after odds-on fav Majborough blundered and L’Eau Du Sud ran out of gas, Nicky Henderson’s Jango Baie charged up the hill to win.

The final leg of the Placepot landed when Tom Dascombe’s Hot Fuss finished fourth in the Boodles Juvenile Handicap.

The Placepot is a bet where you pick a horse to finish in the places in the first six races.

They don’t have to win and, if the favourites go crashing out as they did in the Champion Hurdle, the dividend from the pool money skyrockets.

With yesterday’s results, if you put a quid in the Placepot and won you would have netted £11,050.70.

You can pick several horses per race if a few take your fancy.

On Tote.co.uk, one customer landed £22,101.40 from a £24 bet with another taking home £17,681.12 from a £12.80 stake.

The winners were an anomoly on day one though, with the bookies having the last laugh after they were spared a £50million payout.

The layers even priced up the 7-1 four-fold, which included Kopek Des Bordes, Majborough, Lossiemouth and Constitution Hill as the ‘bloodbath’.

But they were saved when Majborough failed to win the Arkle – and in dreamland when Golden Ace bagged the Champion Hurdle.

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Remember to gamble responsibly

A responsible gambler is someone who:

• Establishes time and monetary limits before playing
• Only gambles with money they can afford to lose
• Never chases their losses
• Doesn’t gamble if they’re upset, angry or depressed
• Gamcare – www.gamcare.org.uk
• Gamble Aware – www.gambleaware.org

Find our detailed guide on responsible gambling practices here.

AFTER one of the most dramatic opening days in recent memory, Cheltenham rolls into day two with the Champion Chase the feature.

Our man Templegate is back with his Placepot tips in the hope of helping you towards a share of that monster £750,000 guaranteed pot!

The Placepot is a bet where you select a horse to be placed in the FIRST SIX races of any meeting.

You can pick more than one horse in a race – you just multiply the number of selections in each race to calculate your stake. So for staking it’s 2x2x2x2x2x2 which adds up to 64 lines. 

You can stake what you want upwards from 5p a line which would cost a total of £3.20. 10p a line is £6.40 and so on. Provided at least one in each race is placed, we get a payout!

Cheltenham Day Two Placepot Tips

LEG 1: Final Demand, The New Lion

FINAL DEMAND looked a superstar when scoring at Leopardstown latest when clocking a really fast time. He has plenty of staying power and looks open to massive improvement on just his fourth visit to the racecourse.

THE NEW LION was impressive in the Challow at Newbury last time. Stays strongly and can improve further. Ground should be ideal too.

LEG 2: Gorgeous Tom, Ballyburn

GORGEOUS TOM can take a massive step forward now he’s tackling three miles for the first time.

BALLYBURN sets a high standard and was a good five-length winner at the Dublin Racing Festival. He shapes as though this longer trip will suit but he’ll have to prove it here. He can make the odd little error but he’s got plenty of class and will be right there.

LEG 3: Comfort Zone, Impose Toi

COMFORT ZONE didn’t get the clearest of runs at the business end and crossed the line with something left in the tank. Going up in distance here looks a smart move and he looks fairly handicapped under Mark Walsh.

IMPOSE TOI was impressive at Newbury last time and won in a big field here in November. Cheekpieces go on for the first time which may help him get up the hill.

LEG 4: Busselton, Mister Coffey

BUSSELTON caught the eye with a nice quiet spin around this track in at the December meeting. He jumped the various obstacles without putting a foot wrong and ran on nicely enough in the closing stages to finish sixth.

MISTER COFFEY has every chance of getting on the podium again. He loved this test last time and, while he’ll probably find another way to lose, he’s got to be in your Placepot.

LEG 5: Solness, Marine Nationale

SOLNESS hasn’t had the credit he deserves for his blistering victory at Leopardstown last month. He turned that race into a procession, blasting off from the front and showing electric pace.

MARINE NATIONALE was two lengths behind Solness last time but his last visit to Cheltenham saw him win the Supreme Novices’ Hurdle so he’s respected.

LEG 6: Unexpected Party, So Scottish

UNEXPECTED PARTY can defend his Grand Annual title for the Skeltons who have campaigned him to peak today. The brothers have a track record for targeting Festival handicaps and he showed really positive signs when second at Windsor last time.

SO SCOTTISH looks a plot horse from canny Emmet Mullins.  He was seventh in the 2023 Plate and was running a big race in the December Gold Cup here later that year before a late tumble.

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THOUSANDS of households are set to receive letters warning them to declare income from online sales up to four years ago – or face a surprise tax bill.

HM Revenue & Customs (HMRC) is in the process of sending letters to around 6,000 people who it believes earned income through online marketplaces and may need to pay tax on it, The Sun has learned.

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The taxman is urging people to disclose their earnings for 2022/23[/caption]

It is understood that the letters are being sent to people who made at least 30 sales and earned more than £2,000 primarily during the 2022/23 tax year, although in some cases in 2021/22.

The campaign is based on data the taxman has received from online marketplaces like Vinted and eBay.

HMRC regularly receives information about transactions and income being generated through these platforms.

The aim of the letters is to warn those individuals that HMRC is aware of their online income and encourage them to disclose it before any further action is taken.

In an example letter seen by The Sun, the taxman says: “We have information that shows you’ve earned income from online marketplace sales up to the tax year ending 5 April 2023.

“You need to tell us about this income. This is because you may owe tax.”

It goes on to say that the recipient needs to declare any income or contact HMRC within 30 days from the date of the letter.

If they fail to do that, the taxman says it will open a compliance check and may charge them penalties. It will then charge daily interest on any late tax payments.

“The sooner you pay any tax you owe, the less interest you’ll have to pay,” the letters warn.

It forms part of ongoing work by the taxman to ensure everyone is paying what they owe.

An HMRC spokesperson said: “We receive regular information from online marketplaces and are contacting sellers who have not declared their income to ensure they pay the correct tax.

“Our Help for Hustles campaign helps those with income from side hustles understand their tax obligations and avoid any surprises.”

Why is the taxman sending letters out?

The round of letters comes amid a rise in sales on secondhand marketplaces like eBay over the past few years.

Vinted, eBay and Depop have all moved away from charging sellers to list items on their platforms recently, meaning it is free to sell online.

This has led to a huge increase in the volume of transactions through these platforms.

Vinted more than doubled its user base between 2020 and 2023, rising from one million to 2.5million users. Meanwhile, sales on the site jumped by 61% last year to £513million.

But there are concerns that many sellers may not realise they have to pay tax on this income if they earn over a certain threshold.

Joanne Walker, technical officer for the The Chartered Institute of Taxation’s Low Incomes Tax Reform Group, said: “These nudge letters are part of a wider HMRC campaign to encourage online marketplace sellers to take notice of their tax obligations.

“In particular, these letters are targeting people who HMRC think have already failed to comply with the tax rules for previous tax years.”  

On January 1 2024, new rules known as OECD Reporting Rules came in that meant digital platforms would need to collect information about sellers of goods and services and report this to HMRC.

However, it is understood the letters being sent out this month are a separate initiative.

What do I do if I receive a letter?

If you receive a letter from HMRC about past income, make sure to respond as soon as possible to avoid any penalties.

If you think you do have income to declare, go to gov.uk and search “‘Tell HMRC about underpaid tax from previous years’, then follow the instructions.

Alternatively, you can call HMRC on 0300 123 0998 and quote the reference number on your letter. HMRC will then send you a payment reference number to pay what you owe.

If you don’t have any income to declare, you still need to let HMRC know either by email or over the phone.

Bear in mind that if you do owe tax and don’t tell HMRC on time, you could be charged penalties and could have to pay extra interest.

Make sure to let HMRC know if you have any personal circumstances that make it difficult for you to deal with the issue right now, as it should make allowances to help you cope.

Ms Walker, of the Chartered Institute of Taxation, added: “It is important that anyone who receives a letter takes action and checks their tax position carefully.

“It is possible that some people who have received one of these letters will not have any income to declare.

“Even where this is the case, they should still contact HMRC, in line with the instructions on the letter, to confirm their position and explain why they do not have any income to declare.   

“In any event, the most important thing is to take action and not simply ignore the letter.” 

However, in future you may not have to file a tax return if you don’t owe any tax under Treasury plans, The Sun revealed this week.

Why might I have to pay tax on online sales?

Everyone has a “trading allowance” of £1,000. This means you can earn up to that amount from side hustles or sales without paying tax.

Some examples include selling items on eBay, renting out a property, washing cars or babysitting.

If you have property income and trading income, you can claim a £1,000 allowance for both.

However, anything earned over this amount must be taxed at your marginal rate.

You will need to pay this by completing a self-assessment tax return.

Make sure to keep a record of what you earn and any expenses you have to pay.