Cheltenham Betting

Cheltenham is the first major horse race of the year, with 2022’s race taking place on the 15th – 18th March. That feels far away, but the talk about this event happens all year round. If you’ve never bet on the horses before, then it’s a great place to start. Here’s everything you need to know about Cheltenham, and how the betting works here.

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Cheltenham is the first major horse race of the year, with 2022’s race taking place on the 15th – 18th March. That feels far away, but the talk about this event happens all year round. If you’ve never bet on the horses before, then it’s a great place to start. Here’s everything you need to know about Cheltenham, and how the betting works here.

What Is Cheltenham Festival?

The Cheltenham Festival is one of the most prestigious horse racing events in the UK. There’s a long gap between large events like this, and after a long winter punters are always excited to get involved. Some of the best competitors come together to race here too, as it’s such a high profile event.

Cheltenham takes place at Prestbury Park in Cheltenham, Gloucester, and is the highlight of the National Hunt season. Typically, it’s regarded as one of the very best horse racing events in the world.

The event is focused around four main Championship races, with competitors looking to take home the winning title from each one. These are the Champion Hurdle, the Queen Mother Champion Chase, the Stayer’s Hurdle, and the Cheltenham Gold Cup. The latter is the most prestigious event, and the one that most people will turn out for.

Betting On Cheltenham Trials

Are you too excited to get into the horse betting? Then you don’t have to wait until March for the event proper. You can check out the Cheltenham trials, where many competitors will be racing to secure a spot in the final event.

This is a great event to follow, as you’ll be able to get a good idea of how the horses are shaping up and who’s looking good to win. If you want, you can simply watch and take notes, which you can then use alongside other sources to inform your bets in March. However, there’s nothing stopping you from getting involved in the betting. Many sites will be offering odds on these races, so you can jump right in and have fun with it.

Finding The Best Tips 

The trials have happened, and now you’re in the run up to the big day. You want to find some good tips on who’s going to win, so you can place some strategic bets. Where can you find them? There’s a few different places you should be looking:

Social media: Hunt down the big betting names on social media, such as Ladbrokes, Coral, and so on. In the run up to the event, they will be posting about it and showing who’s looking good so far. You can take note of all these tips and see what’s good for you.

As well as the betting sites themselves, make sure you’re following the big betting review and tips sites, too. They’ll have a social media presence, and they’ll also have plenty of tips for you to be checking out. 

Betting site blogs: If you’re already a member of a betting site, it’s likely that they have a blog. Make sure you take a look at it, as there’s likely going to be some useful info here. These blogs are written by professionals that are looking to bring you the very best tips, so make sure you keep an eye on these.

Some great Racing bookies;

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Popular Cheltenham Betting Offers

As Cheltenham is such a huge betting market with punters, the betting sites really go all out with their offers. Make sure you’re paying attention to their offers in the weeks leading up to the event, as there’s usually some good stuff ready and waiting for you. Here’s some that you’ll want to keep an eye on.

Ante-post betting: This offer is a longer term variation on pre race betting, allowing to place bets on races in the weeks and even months before the races happen.

Many like to take these offers up, as you often get better prices than you would closer to the event itself. However, you’re getting those better prices because there’s more risk involved. While that pick in July might seem safe, once March rolls around it might be a different thing altogether. If you’re willing to take the risk though, you can get some excellent prices this way. 

No runner no bet: This offer acts as insurance to you on your bet, making placing bets a much better prospect. Essentially, if you back a horse to race and it doesn’t run, due to injury or other means, then you’ll get your entire stake back.

While you’re not making cash on this offer, you’re actually saving it if anything goes wrong with your bet. If you’re a first time better and are worried about losing cash, then look out for this offer. 

Faller insurance: This is a very similar deal to ‘no runner no bet’. Instead of being a pre race deal, the offer applies if your runner starts the event but falls or unseats its jockey. If this happens, you’ll get your stake back.

It’s not a deal you’ll see on as many sites as ‘no runner no bet’, but you’ll still find it on plenty of sites. If it’s something that sounds good to you, look out for it on the major betting sites. 

Money back: There are plenty of money back specials that will be floating around online once Cheltenham hype gets started. Usually, they will ensure that you get your money back on a bet, if it meets certain conditions.

For example, if your chosen winner ends 2nd, 3rd or 4th, then you could get your money back on a bet. Keep an eye out for these deals, as they’ll often help you reduce losses when you’re betting. 

Cheltenham Special Offers 

As well as the offers that are available to you during Cheltenham, there should be plenty of special offers happening around this time. The offers are generally there to save you money, should the bet go not as you want. These, on the other hand, will help you boost your winnings. Look out for the following when you’re placing bets:

Extra places: When you’re betting on Cheltenham horses, there should be some extra places available to you on each way bets. You’ll get extra sports for places, giving you more betting options.

When it comes to Cheltenham, some bookies get very generous with this offer. Usually, an extra place offer just gives you one extra place. Some may take it up to five, giving you more options for boosting your winnings. 

Welcome offers: Not signed up with a betting site then? Then Cheltenham is the best time to do so, as you can get some amazing welcome deals designed to boost those odds.

Usually, these will give you huge odds on a single high risk, high reward wager. For example, you could get 40/1 on a particular horse to win a certain race. That’s something to take advantage of if you like that horse to win.

Specials bets: When you’re making Cheltenham bets, most of them will go on standard bet types that are more or less safe. However, you can get some more out of your bets by placing specials bets. During the event, bookies will have some exciting offers, allowing you to get those bigger wins. You’ll need to make sure you’re checking your site’s promo section to see what’s on offer to you.

For example, you can bet on the op overall winner, the top trainer, or the top jockey over all events at the festival. There’s another classic specials bet, where you can bet on either the British or the Irish to take the Prestbury Cup.

Each way: An each way bet actually gives you two different wagers. The first part of the bet is the ‘win’ part, where you bet on the race winner. The second part is the ‘place’. This means that if your horse doesn’t win, but does place within a certain range, then you’ll still get paid. The odds on this part of the bet are usually around ¼ or 1/5, but it helps you reduce losses. 

This is best used on competitive races, such as the Handicap Chase. This helps you cover your bases when making that bet. 

Multiples: A multiple bet is a high risk, high reward bet. When it comes to the horses, you’ll place your race winner bets on a succession of different races. You’ll see many punters doing this, spreading out their predictions for race winners over a single day of races. 

If you do go this way, you have to remember that your chances of winning these bets is rather low.

Cheltenham Betting Markets

Now we’ve covered the specials, let’s look at the betting markets you should be looking for when betting on Cheltenham races.

Race winner: Here’s your most standard bet that you can make. You’re simply betting on which horse you think will win the race. In theory that’s quite simple, but often at Cheltenham over 30 different runners can take part in a single race, making it harder to pick out that winner.

You can help yourself by watching the trials and seeing who’s doing the best out on the track. When picking a horse, you’ll see that the odds for even the favourites are typically around 6/1 or 7/1. Those who are less favourited to win can go up to 150/1.

 

About the author

John McAddams

Editor

John McAddams

Editor

John McAddams has been in the sports betting industry for 15 years, working with Flutter and Entain aswell as freelance work for various sports blogs he now lends his hand here at Findbettingsites. An expert on football and horse racing, John brings a wealth of experience and knowledge to our site.