Even in case you are new to betting on horse racing, you are probable to have heard of the cheltenham pageant. The yearly meeting is basically the olympics of british and irish horse racing, taking region over 4 days in march with an ever-increasing variety of races; there were 28 races in overall on the 2016 cheltenham festival. The maximum excellent grade 1 races encompass the cheltenham gold cup, the world hurdle, the queen mother champion chase and the champion hurdle. The maximum critical factor that newcomers need to recognize about this festival of horse racing is that it's miles one in all the most important activities in the gambling calendar. In keeping with the authentic cheltenham competition website, it's far expected that greater than £500 million is gambled over the 4 days, be it at on-path bookmakers or off-path betting shops and online sportsbooks. Ostensibly, this looks as if quite a few desirable business for the bookies. However, that isn’t usually the case for the reason that punters in 2016 had controlled to take a total of £50 million from the betting agencies through the start of gold cup day. You win some, you lose some.