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Can Al Riffa win the Cup?

Can Al Riffa win the Cup?

Lester sweating $5mil Al Riffa payout

Victorian bookie Chris Lester, who stood Al Riffa to win $5 mil in two massive bets at the Call of the Card, will be sweating bullets come 3pm Cup Day

Matt Welsh by Matt Welsh
November 4, 2025
in News
Reading Time: 2 mins read
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The halcyon days of Lloyd Williams, Kerry Packer, Mark Read and Co betting in telephone numbers at the Call of the Card are long gone.

However, after a few quiet years, the event had a renaissance of sorts on Monday with a flurry of big bets. The bookie at the centre of those bets was Chris Lester, who walked away with a potential $5 million payout after just three minutes of spirited betting.

The Joseph O’Brien-trained import Al Riffa was the third-last horse in the call, and there was an air of anticipation in the room as betting started. You see, a rumour had been circling for days that a huge bet on the last-start Irish St Leger winner had been ‘tee’d up’.

Chris Lester had the call, offering $8, and quickly the hands went flying – the first bet being $500,000 on the nose to collect $4 million, placed by Easygo.

Lester contemplated for a moment, but quickly the bet was struck. That was followed by another bet to win $1 million from Kingsley Bartholomew’s Wolfden.

Whilst most would be sweating bullets or curled up in the foetal position at the prospect of such a liability, Lester was upbeat when Betsy spoke with him.

“An amazing day, I certainly didn’t plan to walk out today standing a horse to win $5 mil. It’s touch more than I would like, let’s hope the rain keeps coming, with that weight I think it will only get tougher for Al Riffa.”

Lester likes Vauban in the race, suggesting punters got him for more than he wanted on the Gai Waterhouse-trained galloper.

“I liked Vauban, we’ve certainly layed it for more than I would have liked, if the real Vauban presents tomorrow, we’re in trouble.”

Lester also took good bets on both Meydaan and Royal Supremacy.

“Meydaan, was one we were happy to lay, it one of our larger positions, see if JMac can work some magic.”

“Royal Supremacy, there was a ton of money for it, very surprised we were standing it for as much as we did.”

Two of the favourites going into the Call of the Card were largely friendless in betting.

“We would have like to have gotten more out of Valiant King. Thought we offered some good value on Half Yours as it was something we wanted to lay, but there wasn’t a lot of big money for it – very surprising.”

Tags: Al RiffaCall Of The CardChris LesterFlemingtonMelbourne CupMelbourne Cup Carnival
Matt Welsh

Matt Welsh

Matt Welsh is the founder of Betsy and one of Australia’s most respected form analysts. A former executive at Racing.com and Racing Victoria, Matt has built a reputation for market-leading analysis, clear communication, and a deep understanding of both racing and wagering. With Betsy, he has assembled a team of trusted, high-quality form analysts dedicated to delivering expert analysis that will arm Betsy punters for a winning day at the races.

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