More Of That (15/2) stayed on too strongly for favourite Annie Power to triumph in a thrilling running of the Ladbrokes World Hurlde at Cheltenham under Barry Geraghty.
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The great Big Buck's, who was bidding for a fifth victory in this race, was only fifth on this occasion and will now be retired.
Reve De Sivola set the pace in the three mile championship event for staying hurdlers and Big Buck's raced in mid-division, while Ruby Walsh bided his time on Annie Power towards the back of the field.
The complexion of the race changed two from home when strong travellers At Fishers Cross (9/1) and Rule The World hit the front and Big Buck's began to struggle.
At Fishers Cross saw off his first challenger but the unbeaten duo More Of That and Annie Power loomed up approaching the last and took charge at that flight.
And, while Annie Power kept on very gamely up the run-in, the Jonjo O'Neill-trained More Of That refused to be denied and pulled away close home to score by a length and a half.
At Fishers Cross finished five lengths further back in third, with Zarkandar running a sound run in fourth.
And, having missed the race last year through injury, Big Buck's plugged on in the closing stages to come home an honourable fifth in what has turned out to be his last ever race.
Nicholls said: "He's going to have an honourable retirement, it's a sad today but it's good to end in one piece."
Geraghty said of More Of That: "It's great. AP was the first to congratulate me, there's no hard feelings - he's a true professional.
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"He's a good horse. I was always happy. Ruby (Walsh, on Annie Power) was upsides me in the straight and he looked to be travelling and when he gave her a squeeze, the response was OK but I thought I had enough in reserve.
"It's only his fifth run. He jumped and travelled away. He was a bit innocent when he got to the front, a bit unsure but he kept going."
Delighted McManus said: "Someone was going to be disappointed and it was Barry's day.
"It's nice to have horses that are good enough to run in these big races, and having Barry and AP on my side is great.
"Jonjo is a star man."
O'Neill said: "He's still a big frame of a horse really and coming to himself. It all came together nicely, it's brilliant. He doesn't show you much at home, he's just a real class horse and goes about his business, never does anything flash."
"He's still a big frame of a horse really and coming to himself. It all came together nicely, it's brilliant. He doesn't show you much at home, he's just a real class horse and goes about his business, never does anything flash"
Ruby Walsh said of Annie Power: "She was keen early and I didn't get her 100 per cent switched off.
"I probably got in a battle too early and picked the wrong McManus horse to follow.
"The winner found plenty, she stayed all right but he stayed better. I wouldn't mind riding the race again and challenging after the last rather than at the furlong pole.
"She jumped like a buck and she'll benefit greatly from a race like that, she's still a very good mare."
Rebecca Curtis said of At Fishers Cross: "He ran a brilliant race. I thought he was going to win coming down to the last couple of flights.
"I'm delighted that JP has won anyway."
More Of That is 5/2 favourite with Sky Bet for next year's Ladbrokes World Hurdle, spokesman Michael Shinners saying: "More Of That was an impressive winner and one who is only going to get better. The likes of Faugheen and Annie Power would clearly be dangers next year but look to be taking different paths and there was a real changing of the guard feel to this year's race."