Honesty paid off for a building site labourer from Scotland who won almost £50,000 at Betfred.

Colin Banks was with his school teacher daughter Zoe when a customer before them at a supermarket cash machine left behind the £30 he’d just drawn out.

Without thinking twice they handed the cash in at the Asda store in Motherwell happy they had done the right thing.

And half an hour later Colin, aged 50 was jumping up in delight proving honesty pays after beating odds of 372,000/1 to win £49,077 from a £1.50 bet after his four selections on the popular Betfred Lucky 15 virtual horse racing all won.

Father of two Colin, of Clapperhowe Road, Jerviston, Motherwell said: “They say honesty is the best policy…and it certainly was for me!”

All Colin’s choices Richardson Lakes, Rifle Bore, Granary Loaf and Soviet Fighter won within 36 minutes of each other at starting prices of 28/1, 20/1,50/1 and 11/1 at Portman Park, two virtual races at Steepledowns and finally at Sprintvalley.

“I have been having a go on virtual racing for six months but this is easily my biggest win. It is amazing really to win so much from just a £1.50 bet.

“My first choice Richardson Lakes was because I have a nephew called Richard and I have regularly backed Rifle Bore. The other two Granary Loaf which was a 50/1 shot and Soviet Fighter were random choices.”

Colin, a regular at the Betfred shop at Bell Quadrant, Carfin celebrated his amazing win – one of the biggest ever at Betfred in the virtual market – with “more than one  glass” of wine and has already splashed out £8,500 on a second hand Ford Focus.

“I have a big family and I’m now going to make  sure we all have a brilliant time this Christmas, the best we as a family have ever had. I have a nephew Gordon who is getting married in Mexico in May and I’ll  be able to afford to go now. I was curious and went back into the supermarket on Sunday and the same member of staff at the self check out area was on duty who I had handed the £30 to and she said the lad had been back in and was very grateful. I suppose one good turn deserves another.”

Zoe, aged 25 added: “There was a young couple behind us at the cash machine in Asda and they saw what was happening and actually said that good times were coming our way because we had done the right thing…and that’s what happened. Who would imagine that half an hour later dad would be £50,000 better off? We were listening to a debate shop on the radio on the way home about people leaving money behind at cash machines and we were joking about it just happening to us.”

Betfred boss Fred Done said: “Christmas has come early for Colin…and it won’t be virtual but real for sure. Congratulations on emptying my pocket so quickly with such a tiny stake! This was one of the biggest virtual horse racing wins in our fifty year history.”