Best Cheltenham Betting Offers
Welcome to our page, which lists the best 2024 Cheltenham betting offers for punters online.
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Cheltenham Betting Guide 2024
It comes once a year, but with horse racing odds available for the 2024 festival races, punters can get stuck into some nice Cheltenham ante-post 2024 tips.
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Our quick Cheltenham betting guide will give you a few pointers on betting strategies to employ over the four-day festival starting Tuesday 14th March 2023.
After all, if you know anything about horse racing, you are indeed aware of the massive popularity and importance of the Cheltenham Festival. It's attraction is far-reaching among trainers, jockeys, and owners, but also punters, viewers, and horse racing enthusiasts.
Even if you follow horse racing only occasionally, it is safe to assume that the Cheltenham Festival is one of the events that you are interested in and watch, at least one or two of the races.
Cheltenham has grown from a two-day to a four-day event over the course of the years.
When is the 2023 Cheltenham Festival?
- STARTS: The 2023 Cheltenham Festival will have its first race off at 13:30 on Tuesday, 14th March.
- ENDS: The Cheltenham Festival 2023 ends on Friday, 17th March, with the last race at 5:30.
All times are in United Kingdom Time.
The Cheltenham Festival takes place in March and is one of the most celebrated horse racing events in the NH (National Hunt) calendar.
The Festival has a hugely positive impact on the local economy of Gloucestershire.
UK bookmakers usually make quite hefty profits on the Cheltenham betting of races.
This is because punters wager about £150 million every four days, or a total of £600 million.
Race Info and Stats
- The number of races held during the Festival increased to 28 in 2019.
- Most races are hurdle and steeplechase, but there’s also one flat race.
- Most of the races at the Cheltenham Festival are Grade 1 races.
- However, there are also several Grade 3 races and listed and ungraded races.
A few of the races are particularly popular, and it is worth mentioning them – Champion Hurdle, Queen Mother Champion Chase, Cheltenham Gold Cup, and World Hurdle.
The shortest race is 2 miles long, and the longest is twice as many – 4 miles.
Cheltenham Betting Strategy
There are many different races at the Cheltenham Festival, so it is challenging to develop a simple betting strategy for the whole event. However, there are things that you should always consider. This is regardless of whether you bet on just one or most of the races.
Betting on the favourite especially when the odds are pretty low, around evens or anything below 3/1, might be the most straightforward and obvious strategy. Still, it might not be the most profitable strategy.
First of all, surprises do happen at Cheltenham betting on races. They happen a lot more often then you may think.
Jockeys Are Important
That doesn’t mean that you should not bet on the favourite under any circumstances or ever. If you go through the statistics of Cheltenham races of previous years, you will notice a situation where a horse at odds 8/1, for example, wins more often than once in eight years.
Also, never underestimate the jockey; it is not irrelevant. Some jockeys are more successful than others, and which jockey is riding the horse influences the final result.
The trainers are no less important.
For example, if a jockey finishes 1st, 2nd, or 3rd regardless of which horse he is riding, then it might be safe to assume that he will manage to do so again.
On the other hand, when a jockey has a streak of good results in a row, especially if he managed to win several races in a row, that doesn’t mean he has to keep up his form.
Everybody is bound to lose some time, and if the odds are good enough, you might consider backing another horse to win.
Consider Other Betting Markets and Options
Suppose you like to be successful and want to finish the Cheltenham Festival with a profit. In that case, you should definitely do some research on the participants, both horses, jockeys, and trainers, and then conclude what to bet on.
Also, remember that betting on the race winner isn’t the only option.
As the event approaches, bookies offer broader betting markets for each race and special bets.
Top 3 finishes as the second most popular betting option for individual races.
Very rarely do all 3 horses that are best ranked manage to finish in the top three. Although this can happen, the odds for the lower-ranked horses to finish in the top 3 are usually relatively high. So it is worth considering.
Odds and Statistics
If you are at the track and can see the horses, it is best to check what they look and act like before the race.
Of course, nobody expects you to be a skilled vet. However, if you notice something weird about the horse, for example, that it is restless or nervous, backing that horse to win might not be the best idea.
It is wise to focus on only several races instead of betting a small amount on every race.
There is typically more information on the more popular and renowned races. However, there are millions of wagers on them as well, making the bookmakers a lot more cautious regarding the odds.
Often, you can get better odds on some of the more obscure and less popular races.
Always study statistics carefully before you reach a decision.
There are many statistical categories that you should consider.
Queen Mother Champion Chase Example
- For example, even though the first Queen Mother Champion Chase was held in 1959, only on 11 occasions was the winning horse younger than 8 years.
- The minimum participation age for horses for this race is 5 years.
- On the other hand, the winning horse has been exactly 8 years of age on 20 occasions, more than a third of the total number of races.
- However, the winning horse was 8 years old, only once in the ten years between 2006 and 2016.
Facts like these might help you identify value bets, but always remember there are no guarantees.
Bankroll Management
And finally, but perhaps the most crucial thing about Cheltenham betting is bankroll management. Bankroll management is essential for any betting. However, it is especially important here as Cheltenham is a 4-day festival with numerous races.
If you are too careless and don’t pay attention to how much you wager and how many races you wager on, you may break before you realise. It is best to set a specific amount of money you will bet throughout the Cheltenham Festival.
Remember that when you win, you shouldn’t add that to the amount you’re going to wager.
After all, you should determine how much you’re going to wager, not how much you’ll lose and adding all the winnings to the bankroll implies that you should keep betting unless you run out of money.
- You should divide your total bankroll into fractions of 1%, 2%, or 3% of the total amount.
- Never wager more than a few percent on a single bet.
It doesn’t mean you should wager the same amount on every bet.
- You may wager a smaller amount on a bet at higher odds.
- Then wager a bigger amount of money when you’re betting on the favourite for example.
Another thing that many punters neglect, especially those attending the Cheltenham Festival, is that betting while under the influence of alcohol is never a good idea.
And since a lot of alcohol is consumed at the Festival, punters make irrational decisions and often start betting compulsively.
If you plan on drinking, placing all your wagers for that day while you’re still sober is perhaps best.
Cheltenham Betting Offers
Many horse racing betting sites offer special promotions and bonuses for the Cheltenham Festival, especially for online betting. Some of these can be quite lucrative.
The first rule you should follow on the matter is that it is wise to claim a bonus only if it applies to the bet you were considering placing anyway.
Do not place a wager just because a bonus is offered on it.
A bonus offer can apply to all the Cheltenham betting races.
For example, punters might be offered a specific bonus for any wager of a certain amount, like a £3 bonus for every £15 wager.
You should claim this bonus, especially if the bonus terms and conditions are favourable.
The money-back bonus is another popular Cheltenham betting promotion.
Some operators will give you your money back for every bet where you’ve backed a horse to win, and in the end, it finished second.
Another example of a money-back bonus is when punters get their money back if the selected horse in a fence race hits the very first fence and loses as a result.
independent bookmakers can offer enhanced odds on specific selections. You will be paid the regular winning amount in cash if you claim such a bonus.
The remaining amount (the difference between the regular and enhanced odds) is paid out as free bets.
As with any bookmaker betting specials, make sure you know the full terms and conditions attached to every bonus offer.