Cheltenham Festival 202412 – 15 March 2024

Cheltenham Festival Horse Racing Festival Horse Racing 2023: Horse Race Betting Odds and Tips

The Cheltenham Festival is fast approaching as it is scheduled to take place in March, next year. While many people plan to attend the events purely for entertainment purposes, those wanting to profit from the event may consider placing horse racing bets. However, playing on horse racing is as risky as playing any casino card games.

Therefore, it is advisable to practice extreme caution when placing bets on horse racing, especially during the Cheltenham festivals. For novice gamblers, it is important that you acquaint yourself with the different types of horse racing bets. It is important that you understand the types of bets available in horse racing before placing your money.

Horse Race Betting on the Cheltenham Festival

Many horse racing punters and novices are looking forward to the Cheltenham Festival. Many attendees are looking to place wagers on the races with the hopes of minting big rewards from their bets.

While many of them will rip huge payouts from betting in the Cheltenham races, there are those who will lose a significant amount simply because they do not have the right approach for betting. While horse race betting is as risky as casino gambling, with the right strategies, anyone can profit from the venture, especially now that many races have been scheduled for the festivals.

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The Best Odds Are Bold, Odds Shortening Odds Drifting
Types of horse racing bets
Horse racing betting

There are different wagers on horse racing, ranging from a simple bet to a multi-bet where you select the winning horses for several races. Knowing the different types of horse racing bets improves your chances of winning because you understand how the betting system works. However, if you place your bets ignorantly and hope to win, you will end up losing a lot. This is a serious practice that promises huge payouts for those who understand the process, and it is a sure way of burning a hole in your wallet if you indulge in it without the technical know-how. For starters, here is a list of the common types of horse racing bets.

Horse racing punters always target big payoffs, and to achieve this, they tend to combine more than two selections in a bet, which has the potential for a huge payout if all the selected runners win. There are many types of multi bets on horse racing. Some of the common ones include the following:

  • Trixie bet

    A trixie bet is a full cover one, in that it provides full coverage for each combination of multiples when 3 selections are made. The wager entails placing 4 bets on 3 selections in 3 different events, and it includes 3 doubles and 1 treble. For one to win a return from this bet, two out of the 3 selected runners must win.

  • Patent bet

    A patent bet features a 3-selection one consisting of 7 bets. There are 3 singles, 3 doubles and 1 treble. Punters consider this type as an upgraded trixie because there are 3 additional single bets on each selection. Thus, for each selection, there is a single, a treble and 2 doubles. The good thing about this bet is that any winning selection guarantees a payoff. However, any losing selection can significantly affect the overall payout.

  • Yankee bet

    This one derives its name from a US soldier who placed a small wager in the UK and won a huge payout amounting to hundreds of thousands due to the rollover mechanics. The Yankee consists of 11 bets as follows: 6 doubles, 4 trebles and an accumulator. For this bet to guarantee a return there must be more than 2 winning selections in your wager.

  • Lucky 16 bet

    This type of bet consist of 15 bets as follows: 4 singles, 6 doubles, 4 trebles and an accumulator. There are several bonuses offered in this kind of bet, and some of them include the one-loser, one-winner consolation, and all winner bonus. The bonus is in the form of a percentage increase to the odds or returns of a wager. For this bet to guarantee a return there must be one or more winning selections.

There are many types of horse racing bets, and it is advisable that you acquaint yourself with them before indulging in horse racing gambling. This way, you will learn how the betting system works and be in a position to make the right selections in your wagers; hence, maximising on your winnings.

Here are a few tips on how to bet on the Cheltenham Festival
Cheltenham Horse racing betting

Get familiar with the event schedule

Betting successfully in the Cheltenham horse races lies squarely on your skills for selecting the right runners for your wager, which depends on your ability to review the festivals' schedule. You need to know how to read the race day program so that you can know which race takes place at what time and who are the competing runners.

The event schedule, or the race day program, contains detailed information about the races and the competing horses, and you can analyse these details to inform your bets. This way, you are more likely to place winning bets as compared to one who places wagers without conducting any analysis.

Review past performance on surface type

The racetracks have different surfaces for the runners. While some have grass tracks, others have natural dirt. Some even have artificial all-weather tracks for the horses to run on. The variation of racetrack surfaces tends to affect the performance of a horse. Some horses enjoy running on natural dirt, hence perform better in such environments.

Others prefer grass tracks to the all weather race tracks. When picking horses for your bets, it is important to review this information, which is detailed in the race day schedule/program, before placing your wager.

A jockey’s history is a good indicator

It is also advisable to review the performance history of a jockey competing in the Cheltenham festival. If the jockey has been placing top 3 in many races in previous events regardless of the horse he’s riding, it may indicate that the individual is a talented jockey who can win races, hence a good pick for your bet. This way, you will increase chances of your selections emerging winners.

There are many more effective tips for betting successfully in the Cheltenham horse races, and these can be applied by both the punters and novices of horse race betting.