Kauto Star will miss the Hennessy to concentrate on the King George prompting a flood of cash on the four-time winner.
A £20,000 bet was amongst the first wagers fielded by the sponsors following the news that four-time William Hill King George VI Chase winner Kauto Star will miss the Hennessy target to instead concentrate on sealing an historic fifth win in the Boxing Day highlight.
It was clearly the news that punters were waiting for as immediately after Champion trainer Paul Nicholls, and owner Clive Smith ruled the star out of the Newbury handicap money began to flow for his King George bid.
William Hill were forced to trim the the ten-year-old – likely to be ridden by Noel Fehily – into 11/8 from 6/4. His shortest price since being quoted at 5/2 after his fourth win last year.
Kate Miller, spokeswoman for William Hill, said: ‘’This was clearly what everyone wanted to hear before showing the colour of their King George money. And right now, it’s brightly coloured in purple, yellow, and green as punters of all shapes and sizes show their support of King Kauto in cash.’’