Cheltenham Odds 2027: Betting Odds for Every Festival Race

The 2027 Cheltenham Festival runs from Tuesday 16 March to Friday 19 March. Follow the links below for the latest Cheltenham odds on each of the 28 races, with last year’s result and betting news on every race page, while Cheltenham racecards will appear on this page on race days.

Day One: Tuesday 16 March

• Supreme Novices’ Hurdle odds
• Arkle Chase odds
• Fred Winter Juvenile Hurdle odds
• Ultima Handicap Chase odds
• Champion Hurdle odds
• Plate Handicap Chase odds
• National Hunt Chase odds

Day Two: Wednesday 17 March

• Turners Novices’ Hurdle odds
• Brown Advisory Novices’ Chase odds
• BetMGM Cup odds
• Cross Country Chase odds
• Champion Chase odds
• Grand Annual Chase odds
• Champion Bumper odds

Day Three: Thursday 18 March

• Mares’ Novices’ Hurdle odds
• Jack Richards Novices’ Handicap Chase odds
• Mares’ Hurdle odds
• Stayers’ Hurdle odds
• Ryanair Chase odds
• Pertemps Final odds
• Kim Muir odds

Day Four: Friday 19 March

• Triumph Hurdle odds
• County Hurdle odds
• Mares’ Chase odds
• Albert Bartlett odds
• Cheltenham Gold Cup odds
• Hunters’ Chase odds
• Martin Pipe odds

Best Bookmaker for Cheltenham Festival Odds

Cheltenham Festival Jockey Odds For 2027

Paul Townend was the leading jockey at the 2026 Cheltenham Festival with four winners, including the Champion Hurdle on Lossiemouth, the Champion Chase on Il Etait Temps and the Gold Cup on Gaelic Warrior. As Willie Mullins’ stable jockey, he will be the one to beat in the top jockey betting again in 2027.

Cheltenham Festival Trainer Odds For 2027

Willie Mullins was leading trainer once again at the 2026 Cheltenham Festival, saddling eight winners including the Champion Hurdle, Champion Chase and Gold Cup. Nicky Henderson was next best with three, and Mullins will be expected to head the top trainer betting again in 2027.

Type of Bets You Can Place In This Year’s Cheltenham Festival

Win bet: A bet “on the nose” where you simply bet on a horse to win the race it competes in.

Each way: Represents two bets on the same horse: one to win and one to place. The one to win will be at the odds offered, the one to place will be at either ¼ or ⅕ of the odds.

Straight Forecast: Picking the first two to finish in the correct order.

Reverse Forecast: Picking the first two to finish in either order.

Double: Picking two horses to win two separate races. Both must win for the bet to be successful. The odds will multiply depending on each horse’s individual price.

Treble: Picking three horses to win three separate races. This time, all three must win for the bet to be successful.

Patent: Picking three horses to win three separate races. A patent takes all the possible combinations of the trebles (1), doubles (3) and singles (3), to make seven bets. Because of this, only one has to win for one of those seven bets to be successful and the punter can make a return without all three horses having to win.

Accumulator: Picking four or more horses to win their respective races. Once again, all of them must win for the bet to be successful. This is the riskiest and unlikeliest bet to pull off, but can reward punters at potentially massive odds!

Lucky 15/31 etc.: Picking four/five or more horses to win separate races in a similar combination bet to a patent. This therefore includes the four-timer, all possible trebles (4), all doubles (6) and all singles (4), to make 15 bets. This goes up depending on how many horses you back: five will make a Lucky 31, six a Lucky 63 etc. Once again, only one horse has to win for a small return to be made.

Cheltenham Betting: Trustworthy Bookmakers Where You Can Place Your Bets

Our list of bookmakers with Cheltenham Festival offers will be updated in time for the 2027 Cheltenham Festival, with the majority of offers appearing in the two weeks building up to the main event.

Betting Guide: How to Read the Cheltenham Odds and Calculate Payouts

If you’re new to racing, you might not understand the odds and what it means to how much you could stand to win. We will try and break it down for you to give you a better understanding.

Essentially, the shorter a horse’s odds are, the more likely it is expected to win. You can work out the likelihood of a horse’s chances of winning by looking at the odds:

• If a horse is 9/1 (10.0) you would do 1 / (9+1) = 0.1 – This means there is a 10% chance this event will happen.
• If a horse is 2/1 (3.00) you would do 1 / (2+1) = 0.33 – This means there is a 33% chance this event will happen.
• If a horse is 1/3 (1.33) you would do 3 / (3+1) = 0.75 – This means there is a 75% chance this event will happen.

A horse’s odds can be displayed in two different ways – Fractions or Decimals.

With Fractions, the number on the left shows you what you stand to win, and the right number shows what you would need to stake. For example, if a horse is 10/1, if you put £1 on, you would get £11 back (£10 winnings + your £1 stake returned).

• EXAMPLE – £5 stake on a horse with odds of 5/1 = £30 returns (£25 winnings + your £5 stake back).

With Decimals, you simply multiply how much you’re willing to bet by the decimal number odds shown for the horse. For example, if a horse is 3.0 and you wish to put £10 on the horse, you would simply do £10 x 3.0, which would equal £30.

• EXAMPLE – £5 stake on a horse with odds of 7.5 = £37.50 returns (£5 x 7.5 = £37.50).

Who are this year’s Cheltenham Gold Cup Underdogs?

The Gold Cup is the feature race of the entire Cheltenham Festival, and has been won by plenty of racing greats over the years. However, there have been some shock results in recent times, none more so than odds-on favourite Galopin Des Champs’ quest for a third straight Gold Cup being foiled by Inothewayurthinkin, who scored at 15/2 in 2025.

With that in mind, we will review the outsiders with the best chances as we get closer to the 2027 Cheltenham Gold Cup.

Cheltenham Festival Favourites Vs Winners

Below are tables for the five Championship races to see the success rate of favourites in the race.

Gold Cup

Five of the last ten favourites have won the Gold Cup, counting 2026 joint-favourite Gaelic Warrior. That 50% strike rate is better than the overall success of favourites at the Cheltenham Festival, which stands at 29% in that time.

You would have made a profit of around 6.4 points to a level stake backing the ten favourites (taking Gaelic Warrior as the 2026 favourite), courtesy of the victories of Al Boum Photo, A Plus Tard, Galopin Des Champs and Gaelic Warrior.

Of those winners who were not favourite, Sizing John and Native River were noticeably close to favouritism. Although Al Boum Photo was 12/1 when winning in 2019, the race was very open, so the biggest surprise relative to the market came when Minella Indo and Inothewayurthinkin won the race, the latter by beating the heavily odds-on Galopin Des Champs.

Champion Hurdle

There is a much higher success rate for favourites in the Champion Hurdle. Seven of the last ten winners have gone off as the market leader. Four of those went off at odds-on and Epatante was the biggest-priced of those favourites at 2/1, signalling the strength of support for favourites in this race.

A punter supporting every favourite in that time would have made a profit of a little over 3.6 points off an even stake across the last decade.

Of the other three winners, Buveur D’Air could not be considered a massive surprise in 2017, but the other two were seismic upsets. Espoir D’Allen scooted in as a five-year-old when three big guns (Apple’s Jade, Buveur D’Air and Laurina) all disappointed, but even that does not compare to the remarkable 2025 renewal.

Golden Ace won at 25/1, but only after odds-on favourite Constitution Hill had fallen at the top of the hill, while third favourite State Man tumbled at the last with the race at his mercy. Second favourite Brighterdaysahead underwhelmed completely, leaving the race with a 25/1, 66/1, 150/1 tricast.

Queen Mother Champion Chase

The Queen Mother Champion Chase is a fascinating case study. Remarkably, only two favourites have gone off at Evens or above in the last decade, both of whom were victorious.

Yet, many fewer favourites have won this than the Champion Hurdle despite seven of the market leaders going off at shorter prices than in the Tuesday highlight. Indeed, eight of the last ten favourites in the Champion Chase have gone off odds-on, but only one of those has won. This really is a graveyard for so-called “bankers”.

Favourite backers in the last decade would have made a 4.44-point loss on their bets, despite the incredibly short prices off which some have run. Douvan, Defi Du Seuil, Chacun Pour Soi, Shishkin, El Fabiolo, Jonbon and Majborough are all culpable of this crime.

That said, only Special Tiara was outside of the first three in the betting, having also won at the biggest price. Put The Kettle On, Energumene, Marine Nationale and Il Etait Temps were all second in the market for the race.

Stayers’ Hurdle

The Stayers’ Hurdle has been the least successful of the feature races for favourites, despite the likes of Inglis Drever and Big Buck’s dominating it in the past.

Only two favourites have won the race in the last ten years, Paisley Park at 11/8 in 2019 and Teahupoo at 5/4 in 2024, and both went off at particularly skinny prices.

Punters would be down almost 5.4 points for a level stake in the last ten years had they backed all the favourites. Both Paisley Park and Unowhatimeanharry have been defeated at odds-on too.

The Stayers’ Hurdle has produced shocks more than any other feature race. Six of the last ten winners have gone off at double-figure prices, including Lisnagar Oscar at a whopping 50/1 in 2020, while 11-year-olds Sire Du Berlais and Home By The Lee both won at 33/1, in 2023 and 2026 respectively.

Ryanair Chase

One of the more profitable feature races for favourite backers has been the Ryanair Chase, in which four favourites have won in the last ten years.

One of those was generously-priced as well, with Allaho going off at 3/1. Overall, that has led to a narrow profit of around 0.8 points had you backed each favourite in the last decade.

Only two favourites have gone off at odds-on, with Un De Sceaux losing in 2018 and Allaho winning at 4/7 in 2022. Meanwhile, three of the other six winners have been second in the market, with Un De Sceaux’s conqueror Balko Des Flos, Protektorat and 2026 winner Heart Wood the exceptions.