How to bet on the Cheltenham Gold Cup
New to betting on horse racing? Learn how to bet on the Cheltenham Gold Cup - the feature race at the annual Cheltenham Festival.
How to Bet on the Cheltenham Gold Cup
Horse racing is one of the biggest sports in gambling and there are few races as anticipated as the Cheltenham Gold Cup.
The race, which has the biggest prize winnings in all of British horse racing, s watched by millions of people each year and is seen as a special race for bettors and sportsbooks.
The race is the biggest and most anticipated race at the annual Cheltenham Festival, which is a week-long celebration of all things horse racing.
The Cheltenham Gold Cup takes place on the final day of the annual Cheltenham Festival and features one of the biggest prizes in racing.
The event typically takes place in March and often coincides with the Irish patron saint holiday of St Patrick’s Day.
In the United Kingdom, the Cheltenham Gold Cup is second only to the Grand National in terms of popularity.
The event is considered to be one of the most prestigious races to win in horse racing and is seen globally as a show-piece of the best of the best.
Types of bets
Single/Win only: The most straight forward type of bet, especially for beginners. This involves simply picking the horse you believe will win and placing that bet.
Place only: A place only bet is a bet on your horse to place, which means you will be betting on your horse to finish in the top 2, 3 or 4 of a race to win your money.
Each Way: One of the most common bets placed in horse racing and on the Gold Cup in particular, is an each-way bet.
An each way bet is basically when you put two different bets on the same horse - one of them for the horse to win the race, and one of them for the horse to place.
In a race like the Gold Cup, where the odds are often very narrow at the top, an each way bet can act as an insurance policy, guaranteeing you some returns even if your horse fails to win the race.
Straight Forecast: A straight forecast is a bet where you choose will horses will finish first and second, in the correct order.
These type of bets can often have a very generous pay-out, but they are also extremely difficult to get right.
If you are struggling to find good odds on your predicted winner though, and you’re feeling fairly confident, then this type of bet could be beneficial.
Tricast: A tricast is the same as a straight forecast, only this time, you have to choose which horses will finish first, second and third, and get them in the correct order.
Odds on this are usually very high, especially attThe Gold Cup, but they are also very difficult to get right. As they say though, fortune favours the brave and this is certainly one of the braver bets you can place on the Gold Cup!
Making money from the Cheltenham Gold Cup can be a difficult task but there are several things you can do that may go someway into helping you be successful.
Research is a massive factor when it comes to this race. Unlike the Grand National, it is very rare that an outsider wins the Gold Cup. Therefore, simply picking a name out because you like it probably won’t get you very far.
Runners’ previous form at Cheltenham should definitely be taking into consideration when watching the event, as should the ground they are on, with soft ground offering favouring certain horses and making for a much better race.