Paddy Power will refund all losing bets on the Supreme Novices' Hurdle if the current 4-6 favourite Dunguib wins the Festival opener.
The Philip Fenton-trained seven-year-old, unbeaten in four starts over hurdles without coming of fthe bridle, is considered the banker of the meeting by many.
Paddy Power said today: "I still can't quite believe that we are doing this money back special. If, or when, Dunguib wins, it's hard to say just how much the result will cost us by both paying out on him and returning losing stakes, but it'll be at least a million quid and possibly even double that."
The offer applies only to win singles and the win part of each-way singles placed.
Here at puntinplay we think it's a great offer for those who want to take on the jolly. Anyone considering having a bet on horses like Get Me Out Of Here or Oscar Whiskey would be mad not to take it up.
It's really a a no brainer. How often do you get the chance to back what you fancy and if it loses get your money back?
And unlike other bookies Paddy's have not yet shortened up the prices of the other fancied runners in the race.
They are still going the best price about the next four in the betting behind Dunguib, so the offer really is outstanding.