The biggest horse racing event of the year is here – and we’ve got the best Cheltenham odds for you to take a look at.
The previous Cheltenham festival was a glorious event, with our expert horse bettors tipping a number of winners.
This year, they’re back for more. And we hope you’re ready to join us as we try to rinse the bookies.
Cheltenham Betting Odds
- Facile Vega to win the Cheltenham festival opener (-125)
- Edwardstone to win the Queen Mother Champion Chase (+250)
- Stage Star to Place at the Turners Novices’ Chase (+800)
- Galopin Des Champs to Win the Cheltenham Gold Cup (+163)
- Constitution Hill to Win the Champion Hurdle (-275)
In this article, we’ll be taking a complete rundown of Cheltenham festival 2023.
We’ll be explaining where the value is to be found among the Cheltenham odds, which short-priced favorites to avoid, as well as pointing you in the direction of the best horse race betting sites where you can pick up a bonus before betting on the races.
MyStake is our top pick for Cheltenham 2023 and new customers are entitled to a $500 sports welcome bonus.
Let’s start.
How to Bet on the Cheltenham Festival 2023
The easiest and most convenient way to bet on the Cheltenham festival is by signing up to an online sportsbook.
This way, you can grab enhanced odds, some enticing Cheltenham specials, and you can also compare and contrast odds on offer at different betting sites.
Our top pick is MyStake, which gets you started with a $500 welcome bonus. Here’s how to register in just a few steps:
Click “Sign-Up”
On the MyStake homepage you’ll find it at the top of the page (it’s a red button).
Fill in the Form
Pop your details into the seven required fields (including your first and last name).
An eighth field (promo code) is optional.
Agree to the T&Cs
Tick the box at the end of the form to confirm you agree with MyStake’s terms and conditions. Then click “Finish”.
Best Cheltenham Betting Sites
- MyStake: Best for Cheltenham Odds Overall
- Winstler: Best for Ante Post Odds
- Gxmble: Best for Queen Mother Champion Chase Odds
- BetOnline: Best for Horse Racing Rebates
- SportsBetting.ag: Best for Cheltenham Gold Cup Odds
- Xbet: Best Racebook Bonuses
Cheltenham Betting Odds & Predictions
There are 28 races in total at Cheltenham, including the Novices Hurdle, the Queen Mother Champion Chase and – of course – the Gold Cup.
Let’s see which best odds our tipsters have picked out for you:
Facile Vega to Win the Cheltenham Festival Opener (-125)
While we don’t always like to back odds-on favorites, it’s hard to ignore Facile Vega right now.
Trained by Willie Mullins, Facile Vega was in stunning form right up until the 2023 Dublin Racing Festival. He was priced for that race even shorter than he’s priced for the Cheltenham festival opener – but after going unbeaten in his six previous career races, he came up short in Ireland.
A cause for concern?
Well, his price has doubled in time for the Cheltenham festival opener but this still makes him the big favorite for the opening contest.
There’s no doubt that his performance in Dublin was surprising – but we’re confident that it was just a blip (albeit a sharp one) not helped by how forcefully he was ridden in the first few moments.
Bet on Facile Vega at the best odds available at MyStake.
Edwardstone to Win the Queen Mother Champion Chase (+250)
Edwardstone faces off against rival Energumene once more at Cheltenham, with both horses falling short in the trials in January to Editeur Du Gite.
However, Energumene was last year’s Champion Chase winner, so there’ll no doubt be lots of money placed on this horse.
Both camps, however, will be confident of success in the 2023 Champion Chase. If we’re honest, this is probably a case of either or. They’re both the joint-favorites, with some tipsters going for Energumene and others – like ourselves championing Edwardstone.
On that note, if you fancy Editeur Du Gite to trump them both when the real action starts, you can currently back him at his current odds of (+600) as the third favorite. We think that price is too long, however, and that it really will come down to a battle between the two favorites.
Bet on Edwardstone with the top odds at Winstler.
Stage Star to Place at the Turners Novices’ Chase (+800)
We like the look of Stage Star right now, who comes into the Turners Novices’ Chase event at odds of (+800) at the best gambling sites.
And while backing him to win the race might be a long shot, backing him to place is a sound investment.
He’s in good form, his trainer Paul Nicholls is very happy with him at the moment and he recently claimed victory over a field of 11. That provided enough evidence to suggest that he can perform well enough over this sort of distance.
Stage Star has appeared at Cheltenham once before, when he was pulled-up in 2022.
The bigger question mark is whether Cheltenham is really his track. But we’re excited to find out.
Bet on Stage Star with the best odds at Gxmble.
Galopin Des Champs to Win the Cheltenham Gold Cup (+163)
The biggest event of them all at Cheltenham is the Gold Cup. Galopin Des Champs is this year’s odds-against favorite and he’s available at a solid price.
In fact, from what we’ve seen so far, there is no better odds-against favorite available at this year’s event.
You might need to hurry to get him at this price, though, with some bookies pricing him close to odds-on. What’s more, he will likely be the shortest-priced favorite for the Cheltenham Gold Cup since 2014.
Galopin Des Camps recently turned seven-years-old. He looked certain to win the Turners Novices’ Chase at the Cheltenham festival last year before falling at the last with the finish line in sight.
Last April, he won by 18 lengths at Fairyhouse (the Gold Cup Novice Chase) and then triumphed at Punchestown.
And while he’s still what you’d call an emerging star, he’s our red hot top for this year’s Gold Cup.
Bet on Galopin Des Champs with the best odds at BetOnline.
Constitution Hill to Win the Champion Hurdle (-275)
Constitution Hill’s price is pretty woeful right now.
A few months back, you’d have been able to lock him in at around (+100) but much has changed since then. He won the Fighting Fifth Hurdle and followed it up with an equally wide margin victory at the Christmas Hurdle just before Christmas.
Thanks to those tubthumping races, Constitution Hill has risen from 148 to 173. He is in seriously sparkling form and will take some beating at the Cheltenham festival.
Not just that but he’s trained by Nicky Henderson, who has bagged eight Champion Hurdle victories already. That’s a record he’ll be looking to extend even more on March 14.
The second favorite for the Champion Hurdle is State Man, who’s available at (+275).
Due to Constitution Hill’s extremely short odds, it’s hard to back him as the winner for this one. Instead, we’d recommend adding him to a parlay along with a few other short-priced favorites.
Bet on Constitution Hill with the best odds at SportsBetting.ag.
Different Ways You Can Bet on the Cheltenham Festival
One of the best things about the Cheltenham festival is that there are various bet types you can place. You can place a win bet, an each way bet, an exotic wager, or even a parlay.
If all this is fairly new to you, let’s take a quick look at the different Cheltenham bet types.
Win Bet
There’s nothing tricky about this bet because you’re simply betting on a horse to finish the race in first place. Nothing else needs to happen.
Unlike other sports, horse racing actually gives good value (sometimes) on this front because the favorite doesn’t always win.
In fact, research has shown that the favorite wins about 30% of the time, which means you can make a solid profit by betting on the second favorite or even outsiders.
Place Bet
A place bet at Cheltenham festival is essentially a cover bet. Instead of betting on a horse to win the race, you’re betting on it to come first or second.
Naturally, the odds for this bet are shorter, which means you won’t lock in as much profit if you backed a horse just to win a race.
But a place bet is useful for whenever you’re feeling a bit risk averse and you’re not 100% confident that your horse will win the race (but you are confident he will finish in the top 2).
Show Bet
A show bet is similar to a place bet. The difference is that your horse doesn’t need to come first or second – it can also come third.
Show bets come with marginal payoffs, which is why we largely recommend avoiding them unless the odds are decent and you feel the risk is worth it.
For example, you’d need to go fairly big with your stake in order to make a show bet worth it – but the risk is that your horse might not finish in the top 3.
Exotic Wagers
With an exotic wager, you’re betting on at least two horses.
You can bet on 2+ horses in the same race (such as the Gold Cup) or you can bet on 2+ horses across different races (such as the Gold Cup and the Cheltenham Festival Opener).
There are different types of exotic wagers, including exacta bets, which is when you choose two horses to finish first and second in the same race, and quinella bets, which is when you again choose two horses to finish first and second in the same race.
The difference this time is that the order doesn’t matter.
Exotic wagers can be a lot of fun and they can definitely boost your potential profits considerably. The trade-off is that they’re harder to get right than a simple win bet.
Parlays
Parlays are always worth placing before the fun gets underway at the Cheltenham festival because they give you the chance to sit back and enjoy the action as it unfolds.
With a parlay, you’re adding different horses to the same bet. For example, you could add the winner of the first race of the day, the winner of the second race of the day and the winner of the final race of the day to the same bet.
Then, the excitement builds as the races start. If your horse wins the first race, it’s onto the second one.
Best Betting Sites for Cheltenham Odds
1. MyStake – Best for Cheltenham Odds Overall
18+. New, ID Verified players only. Up to £500 bonus credit. 10x wagering requirement. Min two events with 1.4 odds. Note that full T&Cs apply.
Pros:
- $500 welcome bonus
- Cryptos accepted
- 10% crypto cashback
- Generous horse race betting odds
- Live streaming on all races
Cons:
- Homepage a bit cluttered
Launched in 2020, MyStake has quickly laid down a marker for being the best betting site for horse race betting, as well as one of the best sportsbooks.
Their odds are consistently competitive and they cover events from all over the world, including the UK, South Africa, the US, Chile – and more.
For Cheltenham festival, you’ll get access to key information for each horse, including their age and weight.
Live streaming will be available for every single race and we expect there’ll be Cheltenham specials available at enhanced odds once the event gets underway.
MyStake accepts cryptocurrencies alongside fiat currencies, and regular promos include boosted odds, daily tournaments and 10% crypto cashback on your losses.
Click here to get started at MyStake with a $500 welcome bonus.
2. Winstler – Best Cheltenham Betting Site for Ante Post Odds
18+. New, ID Verified players only. Up to £9500 bonus credit. 45x wagering requirement. Max bet wager £2 in the casino. Sports and esports bets accelerate the bonus by 3x. Note that full T&Cs apply.
Pros:
- $9,500 welcome bonus
- Regular reload bonuses
- Ante post betting available
- 24/7 support
Cons:
- No VIP program
Winstler is a brand new horse race betting site that treats new customers to an industry leading $9,500 welcome bonus.
What makes Winstler stand out is its ease of use. Browsing the odds grid at Cheltenham festival, picking out your bet and placing it is a piece of cake.
There are also plenty of useful tools to assist you, including a “Favourites” tab, a search bar and early cash out.
Each-way bets are available, with Winstler offering competitive odds for events like the Supreme Novices Hurdle, and there are ongoing promos throughout the event as well.
Click here to get started at Winstler with a $9,500 welcome bonus.
3. Gxmble – Best for Queen Mother Champion Chase Odds
18+. New, ID Verified players only. Up to £2500 bonus credit. 5x wagering requirement. Sports and esports bets accelerate the bonus by 3x with a qualifying bet of 1.55+. Note that full T&Cs apply.
Pros:
- $2,500 welcome bonus
- 10% cashback as a VIP
- Excellent loyalty program
- Wide range of payment methods
Cons:
- Tight bet limits
Gxmble is another brand new horse race betting site that was launched at the end of 2022. New players can claim a $2,500 welcome bonus straight away and this offer comes with extremely fair 5x wagering requirements.
Gxmble is our top pick for mobile betting during the Cheltenham festival. There’s no mobile app yet available but the web-based version works amazingly on mobile devices (as well as desktop) and offers plenty of convenience for those who want to bet on the races on the move.
UK racing is available alongside worldwide racing and you can place a variety of bet types, including win bets, each way bets, exotica wagers and parlays.
Click here to get started at Gxmble with a $2,500 sign-up bonus.
4. BetOnline – Best for Cheltenham Horse Racing Rebates
18+. New, ID Verified players only. Up to $1000 bonus credit. 10x wagering requirement. Not applicable to Skrill and Neteller deposits. Bonus money lasts for 30 days. Note that full T&Cs apply.
Pros:
- 50% up to $1,000 welcome bonus
- 9% horse rebate
- Unlimited reload bonuses
- 25+ years experience
Cons:
- Debit card fees
BetOnline is one of the world’s most reputable horse race betting sites. It’s been providing Cheltenham odds for more than 25 years and always delivers the goods when it comes to enhanced odds and specials.
Throughout Cheltenham festival and beyond you’ll be entitled to an industry-best 9% horse rebate. This is available every day and there is zero limit to how much you’ll be entitled to.
Unlimited 25% reload bonuses are available whenever you deposit at least $50 and you’ll find the Cheltenham odds and races in the dedicated Racebook section.
BetOnline doesn’t offer ante-bets but once the date draws nearer for the start of the Cheltenham festival, you’ll be able to lock-in a variety of bets, including parlays, exotic wagers and more. Bet limits are high, with high rollers welcome here, but this is also a solid betting site for beginners.
This is also one of the best Bitcoin casinos online – it actually offers over a dozen cryptocurrencies.
Click here to get started at BetOnline with a 50% up to $1,000 welcome bonus.
5. SportsBetting.ag – Best for Cheltenham Gold Cup Odds
18+. New, ID Verified players only. Up to $1000 bonus credit. $55.00 min deposit. 10x rollover. Not applicable to Skrill and Neteller deposits. Bonus money lasts for 30 days. Note that full T&Cs apply.
Pros:
- 50% up to $1,000 welcome bonus
- 25+ years experience
- $25 risk-free horse racing bet
- 9% horse betting rebate
Cons:
- Dated user layout
SportsBetting.ag was launched over 25 years ago and covers all the major worldwide horse racing events – including Cheltenham.
To get you started in the right way for Cheltenham festival, SportsBetting.ag are offering you a $25 free bet to use in the racebook alongside their 50% welcome bonus.
There’s also a 9% horse racing rebate on offer all-year round and SportsBetting.ag makes it super easy for you to turn your bets into a straight bet, an exacta bet, a trifecta bet, a superfecta bet, a daily double, or a pick 3 or pick 5.
In short, there are various ways to bet on the Cheltenham Racecourse and we think the options available make this a great option for experienced bettors and newbies alike.
And while SportsBetting.ag’s old-school user layout might not suit everyone, it should appeal to those who just want to get straight into the action with zero distractions.
Click here to get started at SportsBetting.ag with a 50% up to $1,000 welcome bonus.
Best Cheltenham Festival Bonuses
MyStake – 100% up to $500 Welcome Bonus
Sign-up to MyStake today and you’ll be entitled to a 50% welcome bonus that matches your first deposit up to $500. The minimum deposit for this is $20 and you can use it on Cheltenham odds.
Winstler – $9,500 Sign-Up Bonus
Winstler is offering new customers a 600% welcome package that’s worth as much as $9,500 altogether. The minimum deposit is just $20 and the offer covers your first five deposits.
Gxmble – $2,500 Welcome Package
You can get started at an exciting new horse race betting site Gxmble with a $2,500 sign-up offer. This is a 400% matched deposit offer that comes with 5x wagering requirements. The minimum deposit is $25.
BetOnline – 50% up to $1,000 First Deposit Bonus
When you make a first deposit of at least $55, you can claim BetOnline’s 50% welcome bonus. It’s worth up to $1,000 altogether and BetOnline will also throw in a $25 risk-free first bet. Use the bonus code “BOL1000” when prompted.
SportsBetting.ag – 50% up to $1,000 Welcome Bonus
SportsBetting.ag lets you score a 50% matched deposit bonus worth as much as $1,000. The minimum deposit is $55 and you need to use the promo code “SB1000” to redeem it.
Why Bet on Cheltenham at MyStake?
We reviewed a raft of horse betting sites in preparation for Cheltenham – and found that MyStake offers the best odds and the best all-round Cheltenham betting experience.
Here’s why:
- Generous Cheltenham Festival Odds: We used MyStake for last year’s Cheltenham festival races. And having seen their latest betting odds on recent horse racing events, we expect them to once again offer the best odds for this event.
- Great Bonuses: You’ll get 10% of your money back on all losses throughout Cheltenham if you make a crypto deposit, while all players are entitled to a 100% up to $500 welcome bonus.
- Live Streaming Available: Betting on the Cheltenham festival races is always better when you can watch action. This is exactly what you can do at MyStake, which will be showing all the races throughout the week.
Why Bet on Cheltenham Online?
You Can Compare Odds: If you sign-up to multiple sportsbooks, you can compare odds on all the championship races. This means you’ll always lock-in your bets on any horse at the best odds available that day.
It’s Easy To Do: Casting your eye over the different Cheltenham festival odds and races is easier than ever when you do it online. All the key info is available at a click of a button and it only takes a few more clicks to pick out a horse and add it to your bet slip.
You Get Take Advantage of Enhanced Odds & Specials: From money back free bets to horse rebates and enhanced Cheltenham festival odds, online betting sites give you access to a slew of exciting offers throughout the event.
Best Cheltenham Festival Odds: FAQs
How Can I Find the Best Cheltenham Festival Odds?
To find the best odds possible on any race, it’s a good idea to sign-up to various reputable bookmakers like MyStake and BetOnline before comparing their odds for different races and horses. This then means you’ll be placing your bets at the best odds guaranteed each time.
That said, the starting price in horse race betting is often very different to the odds that are on offer just before a race starts. So this is also something to be wary of.
What is Cheltenham Ante Post Betting?
Ante post betting is when you place a bet on a horse before the runners for a race have even been confirmed. For example, you could bet on Gaelic Warrior at Cheltenham 2024. The benefit for some sharp-eyed bettors is that ante post betting can represent a lot of value if you know your stuff.
Ante post betting is a bit of a dying thing in the world of horse race betting these days, however, with less and less bookmakers offering it.
How Many Races are There at Cheltenham?
There are 28 races altogether during the Cheltenham festival, including the Gold Cup and the Queen Mother Champion Chase. In order to keep up with all the action, we recommend signing up to a top-rated sportsbook like MyStake that lets you easily browse each race.
Betting on Cheltenham: Tips & Tricks
Do Your Homework: In other words, study the form and gather together as much information as you can on the horses and the tracks (in this case the Cheltenham Racecourse). Horse race betting is a total shot in the dark unless you know what you’re doing. You might get lucky once or twice but the only way to lock-in consistent profits is to do your homework hard.
Listen to Expert Tipsters: By finding the expert tipsters on sites like Twitter, you’ll have a better chance of succeeding at Cheltenham. Naturally, even the best tipsters don’t have a crystal ball and they can’t get everything right. But, if you can find a tipster who has a good track record and serious credibility, you can follow their bets and find the best odds and see where it takes you.
Look at the Jockey: Nevermind the latest betting odds. Is a horse ridden by a top jockey? Or is it ridden by a novice? Who the jockey is matters a lot when betting on horses. It sways the best odds and it can be the difference maker between your bet winning or losing.
Don’t Be Swayed by the Odds: The favourite will rarely be available at the best odds – and they might even be odds-on to win a race. But instead of seeking ‘value’ elsewhere – such as an outsider price at (+1600), it sometimes makes more sense to suck it up and back the favorite with big money when the form suggests he’ll win it at a canter.
Still Looking for the Best Cheltenham Festival Odds?
Now is the time to start planning your Cheltenham bets. We’ve listed the best bookmakers that offer the best odds for Cheltenham and we’ve also previewed the latest Cheltenham festival odds that are available right now.
You can lock in your bets at the top horse race betting site MyStake, which offers the best odds, money back bets and a $500 welcome bonus.
Several factors might influence whether you win big at Cheltenham on the big races but what’s important is that you stay in control at all times, have fun and always gamble responsibly.
DISCLAIMER: 18+ only. The information on this site is for entertainment purposes only. Online gambling comes with many risks. Players are advised to gamble responsibly and only use funds they can afford to lose. Remember, gambling is only intended for entertainment purposes and is not a solution to any financial difficulties.
Gambling laws and policies vary from one region to another. Some sites mentioned in this review may not be accessible in your area. Always do your due diligence and check your local gambling policies. It is always better to be safe than sorry.
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