There are Millions of pounds wagered during the Cheltenham festival. It is the one meeting that sees bets laid by the Bookmakers in the ring of well over £100,000 on a single bet. The Irish come every year and have major gambles on their Horses. The Cheltenham Ante Post Betting market is always very vibrant, with punters putting down there cash well in advance to try and get the best price about their particular fancy.
Check out the latest Cheltenham Tips and Race previews from Racing expert and TV presenter Tom Lee.
Cheltenham Betting Advice
It is important that you thread carefully when placing an ante-post bet on any of the races at the festival well in advance of the big race as if your horse is a non runner you will lose your money. However, it can be profitable to take a price a couple of months before the festival as usually if your horse is going to have any sort of chance in the race itself the odds will usually contract in the weeks coming up to the race.
As a punter it is most important to shop around and try and get the best price for your selection. The Bookmakers are all very competitive and seek out your custom so that you bet with them, so it is advisable to have a number of accounts set up so you can pick and choose. In addition, in the big handicap races a number of Bookmakers will offer places on the first 5 horse's home.
In non handicaps some bookmakers go one quarter the odds for the first 3 horse's home. It is also advisable to look out for the concessions offered by certain bookmakers e.g. If you horse come second to a particular horse they will refund your stake.
If you are opening a new account with a bookmaker there will be some form of Free Online Bet Offer, it is very important to read the terms and conditions of such offers so that you understand the free bet offer fully.
Cheltenham is usually a bookmakers benefit so be cautious in your investments, however, occasionally the punters comes out in front as was the case in 2003 when 10 out of 20 races went to the favourites, needless to say the bookmakers lost millions.