Cheltenham Betting

The Cheltenham Festival is the biggest betting event in the United Kingdom and Ireland, with punters from the region investing over £200 million in Cheltenham betting markets every year.

To learn more about the different options punters bet on when placing bets on Cheltenham Festival, read more below:

When to Bet

Many experienced punters choose to bet on the Cheltenham Festival months in advance. Markets for the biggest Cheltenham Festival races are often open up to 12 months in advance of the festival, with odds tending to fluctuate during this period.

Early prices are often the highest, however there is an element of risk in betting early as many bookmakers will not refund a bet if a selection is injured or withdrawn from the Cheltenham Festival. Bets placed just before, or during, the Cheltenham Festival are usually refunded if a selection doesn’t run.

How to Bet

If you’re new to Cheltenham betting, then your best option is to keep your betting strategy simple. Each-way betting is a simple yet effective betting option, particularly in handicap races where odds tend to be very generous.

To place an each way bet, simply select the runner you think will win a particular race and tick the each way option on the betting slip. If your selection wins you’ll earn a generous payout, while if it finishes in the top 3-5 you’ll be paid out half your bet at ¼ of the odds.

Betting with Accumulators

If you’ve already mastered the basics of betting and want to add to the excitement of betting on the Cheltenham Festival, then you might want to consider placing accumulator bets. These bets allow you to place a single bet on a several races. Every time a selection wins a race the winnings are automatically bet on the next selection and race. If all your selections win all your races even a small stake can result in a massive payout.

Betting Online

With high street betting shops and totes very active during the Cheltenham Festival, increasing numbers of punters are choosing to place their Cheltenham Festival bets online. Registering an account online with an established, reputable bookmaker, takes just a couple minutes and it is easier than ever to place, trace and review all bets. Most bookmakers also offer new account holders free bets with their first deposit.

Choosing a Bookie

When choosing an online bookmaker for your Cheltenham betting it is worth looking out for websites that give you more opportunities to win with money back specials, extra place specials and free bet offers. Paddy Power offers all this and more, along with a twist of Irish humour, and is a favourite destination amongst punters serious about earning dividends from their Cheltenham betting.