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Ivanovich Gorbatov won the JCB Triumph Hurdle by a length from Apples Jade to claim another Cheltenham victory for Ireland.
The JP McManus owned four-year-old, ridden by Barry Geraghty and trained by Joseph O'Brien as part of his father Aidan's stables, outpaced Apple Jade in the home stretch despite trailing over the final fence.
Footpad, trained by Willie Mullins and ridden by Ruby Walsh, finished third.
It was the first win of this year's festival for Geraghty, who finished second on My Tent Or Yours in the Champion Hurdle and Yanworth in the Neptune Novices' Hurdle, and his fifth career win in the Triumph.
"I've been banking on this fella. I'd say he's a horse that'll do well in this game and it's great to ride a winner for the boss. Joseph's done brilliant," he said.
Joseph O’Brien, who trains the horse day-to-day but does not take his trainer's licence until May, added: "It's unbelievable. It's not really sunk in yet and it's hard to put into words. I was very hopefully but Barry was more confident than anyone."
Superb Story won the County Hurdle by three lengths from Fethard Playe, to give a first Cheltenham victory for the team of Dan and Harry Skelton.
"It means everything," said trainer Dan Skelton. "I know I haven't been doing it for very long but doing it by yourself is just amazing. We've got a great team and I knew it was going to come and I'm delighted it has, and I'm delighted Harry was riding."
His younger brother added: "Amazing. This is for the staff. They graft and graft and they deserve this. We've hit every bit of the woodwork. Thank God we've finally hit the goal. I couldn't have this horse beat."