Cheltenham Festival - Spread Betting

nors
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Cheltenham Festival - Spread Betting

Postby nors » Wed Feb 23, 2011 11:31 am

Thanks again to ExtraBet for this Cheltenham Spread Betting Guide. You can currently take advantage of £125 in free bets from them to get yourself ready for Cheltenham.

"The world famous Cheltenham Festival is almost upon us, and punters throughout the land are already swatting up on their form books and ratings. However, many have never considered spread betting as a way to make their insight and hard work pay.

In this article, I hope to cover some of the great markets we cover at extrabet and how you can make the most of them.

As many of you may well know, 2011 is Cheltenham festivals centenary year. Whilst the original meeting was first held all the way back in 1860. In 1911, however, the meeting was held at Prestbury park and has remained there to this day, establishing itself as one of sport’s biggest events

It all kicks off on March 15th, but both bookies and punters alike will be getting bets on way before the starters orders of the first race. So with that in mind, let’s have a look at some of spread markets that will be open for the whole festival.

Festival Lengths


This is a hugely popular market amongst racing punters as it’s great value for money. It incorporates every race across the meeting, so no need for the last minute dash to the betting booth! How it works is simple. A “Winning distance” is the distance, in lengths between the horse in first place and the horse in second place.

We then add all of these, across all the races together for the makeup.

Naturally, if you’re expecting most races to go to the wire, with only a few nose hairs separating the front two, you’d be more inclined to sell. If you think that the favourites in most races are particularly strong, with a few demolition jobs likely, you’d probably be looking to buy.

At the time of writing, we are quoting 100-110
Historically, this is a pretty consistent price, but not always with a consistent result.
The 2010 festival saw a makeup of 94.7, with the highest in the last 5 years being the 110.6 of 2008.
That’s roughly the buy price for this year’s festival. One for the sellers? Our traders obviously fancy a few big wins. What do you think?

Festival Favourites


Everyone loves a Jolly. Whether it be the star of the show putting on a once in a lifetime performance for the adoring crowd, or the hugely fancied runner who has an off day, to the delight of the bookmaking world. Like it or not, the favourites are where most business is done.
At ExtraBet we have another fantastically popular market called “Festival Favourites”
Which is an index based on how well we think the Jollies will perform.

It works like this:

Points are awarded depending on where the favourite finishes in the race.


If the favourite wins, 25 points are awarded
For 2nd, 10 points are awarded
For 3rd, 5 points
Anywhere outside the top 3 is 0 points.
These are then aggregated over the course of the meeting.

Again, at the time of writing, we have gone 203-213

If we look into more detail, that means that over the 27 races, that’s an average of roughly 7.7 points per race. Seem quite high? It will do to those of you who saw the festival last year. The makeup was a poorly 145 as the bookies danced all the way to the bank. We fear a real turnaround this year and sadly for the bookies, looks like the Jollies will perform much better.
So where do you stand? A great week for the fancies or a great week for the layers?
The cool thing about spread betting is you can choose which side you’re on.


So. You’ve got an interest in every race already, but as an astute punter, you’re always on the lookout for value.

Another market on offer on every race is called the Match Bet

Match Bet
It’s a great way to express your opinion on the race.

What happens is we’ll pick out 2 horses. We’ll then predict how much one horse will beat the other by (in lengths, not places)

For example, Horse A/Horse B 1.5 – 3

This means we think Horse A wins by about 2 and a bit lengths.

You’ve studied the form, heard the trainers interviews and spoken to the guy you know who knows a guy who’s cousin once went on a date with Kauto Star. Horse A should blow Horse B away. Maybe even lap it!

Naturally you’re a buyer at 3 and the formality that is the races proves you all right. Horse A wins by 13 lengths, even keeping the pace up at the end to make sure it wins by as much as possible.

That’s a 10 point win to you. Job done.

Its always wise to consider what would happen if the result were different? Say a stumble 3 from home meant Horse A’s assault on the winning post was badly hampered?

Horse B comes though and beats your nag by 3 lengths.

This means that you’ll end up with a negative makeup of -3. Your horse lost by three lengths. Makes sense right? So the difference between 3 (the buy price0 and -3 is 6

6 point loss I’m afraid.

Although, don’t forget, with spread betting you can sell as well as buy, meaning you can bet on either outcome.
Another great thing to remember with extrabet is that we offer stop losses on every market, but no stop wins!


That means we limit how much you can lose, but not how much you can win. Seems like the total opposite to most bookies huh?

Spread betting is the most exciting way to enjoy this year’s Cheltenham festival. Don’t miss out on the action and the multitude of markets we cover."

To see which markets are currently on offer and to claim £125 in free bets join ExtraBet today.


Spread betting can result in losses that exceed your initial stake. Please ensure you fully understand the risks involved. We support responsible gambling.

nors
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Postby nors » Fri Mar 04, 2011 10:25 am

Sporting Index have a couple of Cheltenham spread markets that are worth taking a look at.

Festival Favourites (27)
A prediction on the performance of the favourites in each race at the Cheltenham Festival.
Points are awarded on the following basis:
25 pts for winning,
10 pts for finishing second,
5 pts for finishing third.
Favourites finishing lower than third are awarded 0 pts.
Note: Market on 27 festival races only (charity flat race does NOT count). If there are joint favourites, then the runner with the lowest racecard number is deemed favourite for the purpose of this market.

The Spread for this is 205-215
This would indicate (but not guarantee) that they dont expect more than 6 S.P favs to win.


Championship Races
Champion Hurdle, World Hurdle, Champion Chase and Gold Cup.
A prediction on the performance of the favourites in each race for the four championship races.
Points are awarded on the following basis:
25 pts for winning,
10 pts for finishing second,
5 pts for finishing third.
Favourites finishing lower than third are awarded 0 pts.
Note: If there are joint favourites, then the runner with the lowest racecard number is deemed favourite for the purpose of this market.
The Spread for this is 40-43

This would indicate (but not guarantee) that they only expect 1 out of the 4 SP favs to win.

It is worthwhile following these markets to see what if any changes are made to the spreads prior to the Tuesday, and then also as the meeting progresses as more info filters thru.

Sporting Index have also brought back their £100 free cash offer in time for the Festival, they will credit you with £100 promo cash as a new customer.
http://www.olbg.com/Sporting_Index_Free_Bet.html

Risk Warning - Please ensure you understand the risks with sports spread betting as it involves a higher level of risk and you can lose more than your original stake. Remember to bet responsibly. Sporting Index is authorised and regulated by the Financial Services Authority.

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Postby The Shark » Fri Mar 04, 2011 12:07 pm

This is an awesome offer from Sporting Index, gutted i already have an account

Effectively you get £100 to play with and any profit after 14 days is yours!

Just make sure you dont lose more than £100 or then you have to pay that of course!

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Postby UnderdogsLover » Fri Mar 04, 2011 1:40 pm

Seems to complicated for me :? ,Cheltenham spread betting.
But might have ago.. :)

I like betting double figures example 16/1, can i do spread betting
Each Way?

Well done Sporting Index, another bet to reconsider,yes not
done spread betting be for.. :D

Can t hardly wait Cheltenham around the corner, Spring is here.. :)

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Postby nors » Tue Mar 15, 2011 10:17 am

Sporting Index Festival Favourites is now 195-205 - so they think in relation to the above post that another fav is going to get beat having lost Binocular.

Championship Races has gone up a point to 41-44 but still by the look of things only one of the Champion Hurdle, World Hurdle, Champion Chase and Gold Cup favs in their opinion will win.

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Postby Dammo Qwirky » Tue Mar 15, 2011 10:30 am

underdogs, whilst its not strictly Each Way as such, if u fancy longer priced horses to place, its a good idea to bet them on an index. this is when u get points for finishing 1st, 2nd, 3rd, 4th (sometimes) and 5th (when someone like extra does a promo). u get 50 points, 30, 20, 10, 5 respectively. on a 16/1 shot the spread price may be about 6-8. this means u can buy at 8 and u win varying amounts the better it does (u win 42 times your stake if 1st, 22 for 2nd, 12 for 3rd etc). or u can sell at 6 and u win if it doesnt place, however, a risky bet as u only win 6 times your stake as the mark up will be 0. the downside of that bet is u could lose up to 44 times your stake if it won etc.
Positions are available in the OLBG Lottery syndicate. Wanna join? Please PM me for info.

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Postby nors » Wed Mar 16, 2011 11:10 am

Sporting Index Festival Favourites is now 185-193 after day 1 when 50 was scored after Hurrican Fly and Quevega won.

Sporting Index Championship Races is now 56-58 after Hurricane Fly scored 25 in the Champion Hurdle. It looks like Big Zeb will go off as fav in the Queen Mother which is the next championship race and looks solid.

Of interest today maybe buying the performance of Robbie Power - who has two good chances in Oscars Well and Boston Angel?

You can place a spread on any Cheltenham market and as a new customer of Sporting Index you will get £100 to spread bet with for free.

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Postby nors » Fri Mar 18, 2011 12:54 pm

Sporting Index Championship Favourites (4) 50/3
SELL 56.75 - 57.75 BUY

Interesting with only one race to go. The race is the Gold Cup where the favourite (which at the moment is Imperial Commander) will get 25 points. So if Imperial Commander does go off fav and subsequentely wins it will be settled at 75, so if you buy you are getting 18/1 on Imperial Commander :shock:

This would indicate that they expect IC to place but not win, however if you stick with him you are getting great odds + you have the £100 on offer.

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