Plenty of great betting opportunities exist at the 2015 Cheltenham Festival which is just around the corner. The four day horse racing event hosts 27 horse races and it all starts with the Supreme Novices’ Hurdle on the opening day.
For those who are looking to have a bet during the Cheltenham Festival, on-course betting will be allowed. Either at totepool betting points, at one of the betting rings with a traditional bookie, or at one of the onsite Betfred betting shops.
Together with the betting that takes place in the high street bookmakers and on the Internet, the volume of betting that takes place during this horse racing meet is nothing short of incredible with millions of pounds changing hands as punters rush to pick a winner.
The Gold Cup, which is the standout race of the festival, has been sponsored by Betfred since 2014, and always attracts the most betting interest. There have been some notable winners in this race, including Arkle, Best Mate, Golden Miller and Kauto Star.
Different Bet Types for the Cheltenham Festival
There are three main betting types being offered by bookmakers: Win Only, Place and Each Way.
For win only wagers, your horse needs to place first in order to win. For place wagers, you just need the horse to place in the race, but the odds aren’t as good as the horse winning outright.
On the other hand, an each-way bet is essentially two bets in one. One wager for your horse to win the race and another wager for a horse to place (1st, 2nd, 3rd). Of course, there are other types of bets available at offline and online bookmakers that allow punters to make wagers with juicier odds.
Those punters who are keen to do well at the 2015 Cheltenham Festival will want to study the form of over 400 horses that are running and constantly check the Cheltenham odds offered by the bookmakers to see where the value is.