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Cheltenham Dictionary: Ten Key Words You Should Know Before Betting On The 2019 Cheltenham Festival

The Cheltenham Festival provides four of the most exciting days of sport during the entire year. The action taking place at Prestbury Park can also prove something of a minefield for punters so here are ten pieces of advice you should heed before parting with your hard-earned cash at the home of national hunt racing:

SIR EREC - 7/4 with Betvictor 7/4 BetVictor

ANTE-POST – Prices are available with bookmakers on all Cheltenham Festival races well in advance and can offer great value as the price you take is the price you get – no matter what the odds/terms are on the day of the race. Be careful though as stakes will be lost on all non runners prior to the final declaration stage.

BETTING EXCHANGES – Instead of betting with a bookmaker you are betting with other punters, either taking the best odds that are on offer or laying a horse you don’t fancy, to lose. Opportunities to bet while the race is in progress is also available. People using exchanges vary from the very naive to betting professionals so caution is the rule. On the plus side odds available tend to be better than those offered by bookmakers, especially outsiders. A small commission is charged on winning bets.

BOOKMAKERS – Dozens of bookmakers will be trying their hardest to attract extra business during Cheltenham by offering various promotions. Shop around as there will be plenty of value to be had.]

EXTRA PLACES – Bookmakers will be offering extra places on many of the Cheltenham Festival races, the downside being that instead of going a quarter the odds a place they will pay out on one fifth. One extra place (5 instead of 4) does not constitute good value in a big field when those having a return on any of the first four horses home will be worse off. I would advise that unless a bookmaker is offering at least 3 extra places in a race of more than 24 runners you will probably be better off by sticking to the traditional terms of ¼ odds 1234.

FREE BETS – Just about every bookmaker will be offering some sort of free bet promotions during Cheltenham, especially for new account holders. Open new accounts to take advantage of these offers and look out for possible free bets available with those accounts you already have.

MULTIPLES – Cheltenham is the ideal meeting to try and win a large sum of money for a relatively small outlay. All horses will be trying their very best and you will be surprised at the huge odds available about some of your personal favourites. Because of the competitive nature of the festival each-way multiples is usually the way to go. There was a case some years ago when a punter won in the region of half a million pounds in a series of each-way accumulators without backing a winner.

NON RUNNER NO BET – If having a long-range bet look at those bookmakers going nrnb as stakes will be returned if your selection fails to make the race. Always weigh this up against the probable better odds available with those bookmakers still quoting ante-post prices.

TIPSTERS – You will not be short of finding tipsters offering their advice during the Cheltenham Festival. Freebets.co.uk experts will be giving tips for all 28 races taking place during the 4 days – You can get all the best betting tips here!

TOTE – The tote will provide plenty of ways to bet during the festival, including a Scoop6 each day and exotic options such as the trifecta (first 3 in correct order) and exacta ( first 2 in correct order) but their most popular bet will be the placepot (select a placed horse in first 6 races) which has produced dividends (to a one pound stake) running into tens of thousands.

VALUE – And finally always ensure that you get the best value available when placing your bests. Check sites like oddschecker.com to compare the prices of all bookmakers and the place terms on offer. Here’s to an enjoyable – and profitable – 2019 Cheltenham Festival. Good Luck.