What is Ante-Post Betting at Cheltenham?
Ante-post betting is incredibly popular. It involves placing a bet before the on-course betting market is open. As Cheltenham ante-post bets are placed well in advance of the race starting, they’re made on the assumption that the odds are more favourable at the time than they will be when the course opens its own betting market.
For example, at the start of the jumps season, your horse may be 10/1 for the Gold Cup. But, if it wins a couple of races prior to the Cheltenham Festival, its odds may drop to 3/1. In this scenario, if you place your bet early rather than waiting for the course to open its market, you receive much better odds.
Why is Cheltenham Ante-Post Betting Popular?
Ante-post betting is popular at Cheltenham because the rewards can be great. This is usually because the odds are longer than the ones you’ll receive on the day of the race.
However, ante-post betting is fraught with risks. For example, your stake usually won’t be refunded if your horse doesn’t take part in the race (this means you’re also betting that it will take part). Similarly, your horse may suffer from a loss of form before the Festival.
Added to this, by betting further in advance, you’re also betting without the same level of knowledge as everyone else. After all, as well as not knowing about the form of your own horse, you also won’t know about the form of others or the going for the race and the field size.
That said, if you’re certain your chosen horse will win and you want to guarantee the best possible odds, ante-post betting remains a good option, as long as you also understand the risks involved.
When Do the Ante-Post Betting Markets Open?
There’s no limit to how early you can place a Cheltenham ante-post bet. So, if you’re looking to place an ante-post bet for the 2024 Festival, then you can do so right now.
Generally speaking, the majority of bookmakers will offer ante-post betting markets for Cheltenham until the final declarations stage, which is usually 48 hours before the off.
Will I get my Stake Back if My Horse Doesn’t Run?
This depends on when you place your bet. With the vast majority of ante-post bets, you will not get your stake returned if your horse doesn’t run. This level of risk is factored in when the bookmaker gives you higher odds for your selection.
Cheltenham ante-post bets are slightly different in this regard. Betting ante-post on the Festival is so popular that some bookmakers will offer no-runner no-bet (NRNB) selections as the Festival gets closer. With this form of Cheltenham ante-post betting, you will get your stake returned if your horse doesn't run. However, the odds at this point will also reflect this reduced level of risk.
Generally speaking, the ante-post markets change for Cheltenham (and some other large horse racing meetings) around a month before the Festival gets underway. At this stage, they switch from being purely ante-post (where your stake isn’t returned for a non-runner) to NRNB (where your stake is returned). However, not all bookmakers do this and you should check before you place your bet.
Where Can I Find Cheltenham Ante-Post Odds?
Most bookmakers offer Cheltenham ante-post odds because the markets are so popular. Added to this, the Betfair Exchange is another popular way of betting on the ante-post markets, as this can offer great value.
But, before you act on our Cheltenham ante-post tips and sign-up with a bookmaker to place your bet, be sure to check who is offering incentives like free bets for the Festival.