Selecting Your Horse
Your level of seriousness or how much spare time you have will probably determine how you pick your winner. Some punters simply choose their horse by their favourite colour or because it’s got a funny sounding name. Others invest countless hours studying the form and watching the racing all season to have their selections jotted down in little black book for festival week.
If you don’t have time to study the form but would like to have an educated chance on picking a winner, you can get Cheltenham Festival betting tips from a community of racing tipsters who have proven year in, year out to know their racing. In 2012, their tips were made famous when they went up on posters at the toilets at Cheltenham racecourse and went on to win 8 out of 10 selections, at a massive 48,030/1!
Types of Bets
For simplicity’s sake, there are two main types of bet – the Win (where your horse must win) and the Each Way (where your horse can get a place and you will still win the bet). Because the EW bet is essentially to win or to place, it is counted as two bets and will cost you double the stake or a single Win bet. It becomes more complicated when you start adding multiple selections to your bets. The benefit is bigger returns but they are also harder to land.
Where to Place a Bet
At the course
At the course you have the option of placing your bet at the Bookmakers, Tote or Betting Shops.
Follow the crowd of people milling around a sparkling light board waving money in the air down by the track and you’ve found the bookies! Check the priceboard for their odds on your horse, tell them how much you wish to stake (or bet) on that horse, they’ll take your money and issue you a betslip. Keep this betslip as you’ll need to redeem it for your winnings should you be so lucky.
The Tote is like the lottery. Your stake goes into a pool and the winnings determined by how many others backed the winning selection.
For your convenience there is a Betfred bookie shop on course too.
Before or During
Placing your bets at online bookies will be your best chance at getting value, which can ultimately determine whether you are profitable or not at the end of the day. Shop around for the best offers (enhanced prices, money back, non-runner not bet, best price guarantee) once they become available the week before Cheltenham. Alternatively, check out this comprehensive list of free bet offers as they are available.
Remember to always gamble responsibly. Don’t spoil your Cheltenham experience by betting more than you can afford to lose. Happy Betting!