Cheltenham Festival Betting Guide

Not only is the Cheltenham Festival the biggest event of the year for many fans of National Hunt racing, it’s also a week where many punters have their first introduction to the sport and take their first look at some of the horse racing betting markets on offer for the top races.

But for those punters who are unfamiliar with the protocol and the terms they’re likely to encounter, whether that’s betting with an online bookmaker or placing a bet with one of many available on course options, here at 21.co.uk our tipster has put together this handy guide so you’ll have the chance to get the most out of our Cheltenham Tips.

As well as all of the latest horse racing odds from every meeting, we also have the latest football betting markets where you can follow all our Euro 2021 Tips. Not only that, but we also have a huge range of online casino including slots and Live Roulette.

Types Of Horse Racing Bets I Can Place at Cheltenham

Before heading to the Cheltenham Festival, punters will need to know what type of bets they’ll be able to place so they’ll be able to plan their budget accordingly. There are many on offer, so you’ll need to figure out which bet is not only right for you but one that also suits the race. However as the Cheltenham Festival normally has fields with a substantial amount of runners, you should be able to place most of the common bets we’ve listed below.

Betting To Win

Possibly the most common bet placed by punters is a bet for a horse to win. Straightforward in terms of explanation, punters simply choose the horse they think will win the race. So if you back a horse at odds of 4/1 for a stake of £10 and it wins, you’ll be paid out £50, which is 4x10 plus your stake.

Each Way Betting

For fields with a larger amount of horses or if you’re choosing to bet on a horse with bigger odds the each-way betting system gives a wider variety of options. Essentially punters place two bets on the same horse, with half of the stake going on the horse to win and remainder going on the horse to finish in either the top two places (7 or fewer runners) or the top three (8 or more runners). To be able to place an each-way bet, races need to have five or more runners, and if your horse of choice finishes second or third, you’ll be paid out 1/4 or 1/5 of the odds.

Place Betting

Often at the Cheltenham Festival, there are horses which are odds on favourite, because of this punters may prefer to use place only bets which means you can bet on a horse to finish second or third in a race.

For More Betting Types Take A Look At Our Horse Racing Betting Guide

Ante Post Betting at The Cheltenham Festival

Ante post betting is available for many of the biggest horse racing festivals held throughout the year, and the Cheltenham Festival is no different. Here at 21.co.uk we already a number of odds for some of the biggest races of the week including The Cheltenham Gold Cup and The Queen Mother Champion Chase which means punters can take advantage of higher value odds on offer as they tend to shorten closer to the event.

Where Can I Place A Bet At The Cheltenham Festival?

If you’ve got your tickets for the festival, then you’ll want to know the best ways you can place a bet on the course. But before placing any bets we recommend paying a visit to the parade ring at Cheltenham as it’s here you’ll see which horse looks the best on the day and you may gain a little more insight into a trainers top choice for a race.

Online Betting

Before getting to the Festival itself and while in attendance punters can place their bets on all available races by using an online bookmaker just like 21.co.uk. Not only will this give you the chance to get some of the best odds available, but it will also give punters the chance to place other bets such as forecasts or tricasts, which aren’t always available at the course itself.

Tote Betting

One of the main ways punters can bet when visiting the Cheltenham Festival is by using the Tote. Although they’re also based on the course, this differs from racecourse based bookmakers where instead of offering odds for a horse, it will use a pool bet system. This means that all of the bets placed on a horse will be pooled together and winnings will be split between everyone who chose that horse.

Placing a bet on the Tote will come with a minimum £2 stake, so if you’d like to place a wager of a lower amount, you may need to choose an alternative.

There are also specific Tote bets you’ll be able to place on course which includes a placepot and a quadpot. For these bets, you’ll need to select a horse to place in either the first 6 races on the card or the first 4. If it’s successful, you’ll then be paid out a specific amount depending on how many other punters were also able to pick the winners.

Oncourse Bookmakers

Probably the most popular way punters will place a bet at the Cheltenham Festival is the myriad of on-course bookmakers who set up their stalls near to the track itself. Each bookmaker will have a sign and board which features all of the odds, and for inexperienced punters, all they need to do is pick the number of the horse and say their stake and chosen bet type.

What Happens If My Bets Win?

If you’ve placed on the course and your horse is the victor you’ll need to wait before heading to the bookmaker or a Tote stand to collect your winnings as the result will only be made official when the horses have been weighed in. This means that the jockey has returned to the saddle room with all of their kit and it is the same weight as when they started the race.

Fingers crossed our betting guide will help you make some educated bets at the Cheltenham Festival and if you’re looking for the horses to back why not take a look at our Cheltenham Tips 2022 for all the latest insights into the meeting, form and the going.

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All odds from the 21.co.uk online sportsbook are correct at time of writing.

For all the latest Horse Racing Betting tips from 21.co.uk, check out our sportsbook blog.

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