King Charles' Royal Ascot Horse Beats Betting Favourite Reaching High

At Royal Ascot 2025, a punter attempted an extraordinary $500,000 (£370,000) bet on the race favourite Field Of Gold for the St James's Palace Stakes but was turned away; however, many other large bets were placed on the winning horse, causing significant losses for bookmakers like Star Sports. On day one, King Charles III's horse, Reaching High—bred by his late mother Queen Elizabeth II—was the favourite for the Ascot Stakes but performed poorly, finishing ninth after jockey Ryan Moore was trapped in a pocket. Despite this setback, another royal-owned horse, Rainbows Edge, trained by John and Thady Gosden, has become the 7-2 favourite for the Kensington Palace Stakes, showing promise after a recent impressive victory. The royal racing operation under King Charles and Queen Camilla remains ambitious following the late Queen's passing, with Reaching High marking their continued commitment to high-profile racing success. Additionally, the Commonwealth Cup on day four features notable contenders like Shadow Of Light, Babouche, and Jonquil, with Shadow Of Light standing out as the clear favourite. Royal Ascot continues to be a major event for high-stakes betting and royal involvement, drawing significant public and media attention.