Cheltenham Festival Betting: Useful Things for You to Know

Horse racing represents a massive betting market for gamblers from the whole world to deal with. Apart from various separate events, there are also many tournaments and festivals gathering thousands of spectators, with the Cheltenham Festival being the most popular one among them. Being the most exciting festival in the UK, it provides bettors with the best opportunities to benefit from horse racing gambling.

As a rule, the given tournament is heavily anticipated by gamblers who tend to carefully develop betting strategies but when it comes to actual betting, these gamblers often give up on any strategies or certain plans because they are completely engaged in four days of the exciting races, which results in serious financial losses for them. Thus, there exist certain rules that are developed to help gamblers avoid common mistakes and achieve quite successful results while betting on the Cheltenham Festival.

Avoid Betting on the Hyped Horses

As a rule, every horse racing festival has some “certainties” i.e. horses that imply almost 100% probability of winning races. This state of affairs can be explained by the fixed nature because there are some top owners who are eager to see the triumph of their horses whatever the external conditions. These horses have the odds as if they participate in a 5-runner race against the weakest opponents possible.

Considering everything mentioned above, it is highly recommended to avoid placing wagers on such horses because it does not imply any value even despite such a high probability of winning.

Manage Your Staking Bankroll Wisely

There is a strong tendency among usual gamblers to significantly increase their stakes during these four days. Professional punters, however, state that it is a serious mistake because Cheltenham Festival events feature an extremely high competitiveness. That is why making a correct prediction is a serious challenge that can be made only by the most experienced and skillful punters. Thus, it is more reasonable to place as small stakes as it is possible. Nevertheless, it does not mean that you should place the minimum stakes without paying attention to probable winnings at all. The case here is to avoid placing enormous sums of money because this approach is financially dangerous.

Pay Attention to the Festival History

A very useful thing is to consider the previous festivals when you want to know how to bet on a current one. Usually, the previous records can help you identify some useful information. Such an approach can reveal the horses that tend to show decent performance over a long span of time, which makes betting on them quite beneficial. While watching the previous festivals, it is reasonable to note down the key moments in order to use this notes in the future.

Have Accounts with as Many Bookmakers as Possible

As one of the general betting rules suggests, it is quite profitable to have numerous accounts in order to have the possibility to place your wagers on the most attractive odds offered by various bookmakers. When it comes to Cheltenham Festival gambling, this rule has the same importance. It should be also mentioned here that the accounts can be opened both with the most prestigious and new bookmakers because the latter ones can offer decent betting opportunities that can be missed due to the fear of cooperating with unfamiliar bookies. Finally, you should understand that all the bookmakers should be opened before the festival starts in order not to waste time on this while the event is progressing.

Avoid Rumor

Unfortunately, the Cheltenham Festival is accompanied by such a great amount of rumor that any other horse racing event can only imagine. As a rule, this rumor is being distributed with a such a speed that it can take only a few hours for all the gamblers to believe in it. Thus, betting is subject to this negative influence, and the case here is to distinguish the real information from the gossip.

So, if you want to place a wager on a Cheltenham Festival event and someone tells you a super-secret piece of information, it is more reasonable to ignore it. On the one hand, if it were really secret information, the person would not tell it you for free. On the other hand, if there were some truth in that information, it would be already inserted in the bookmakers’ odds, which would eliminate the possibility to benefit from having this “inside” information.

The most popular example of betting gossip is the tale that the richest person in the world has already placed an enormous sum of money on a particular horse. With this in mind, hundreds of naïve gamblers place all their money on the same horse and lose everything.

Do not Try to Cover all the Events Possible

Another common mistake is when gamblers behave as if they have just flown off the handle. A rich selection of events makes them place as many wagers as their bankroll allow them to place. Professional punters state that this approach will lead to nothing but losses. As we know, the successful results can be achieved only if you have an edge over bookmakers. At the same time, if you try to cover all the events, it is impossible for you to have the edge in all of them. Thus, this betting resembles casual betting of people who place wagers just for fun.

Do not Neglect Bookmakers Offers

Very often, bookmakers organize various incentives and publish special offers in order to make more gamblers place more wagers. Nevertheless, some of these offers can be quite profitable; therefore, it is quite reasonable to pay attention to all of them.