When choosing your Cheltenham Festival tips in preparation for the four-day racing event, it’s likely that you’ll find some outsiders that you think stand a strong chance of winning their races. Although the odds will tend to indicate winners in most races with odds of around evens, some races are harder to call, often even seeing the winner as having odds of above 4/1. These prices could be enough to put punters off betting on Cheltenham racing but if you were to opt to create a bet using the Lucky 15 market, it could work as a potentially profitable compromise.

If you’re not already aware of how a Lucky 15 bet works, they’re often used to utilise four big-priced horses, with the added incentive of being able to take some winnings even if some of your selections lose. It’s hard to fathom how they function at first, but they’re always made up of four selections, with the horses being tied to each other through fifteen different bets, allowing for returns based on each winning bet. In basic terms, this means that two winning selections would supply you with the returns for each individual single as well as the winnings from the double that they were involved in.

Perks to Lucky 15 betting

In order to back a Lucky 15, you need to apply fifteen times your original stake – covering all fifteen outcomes in the single bet – which can be enough to put people off ahead of betting on horses to win or place. That being said, it’s hard to dispute this method of betting, as it’s the only market that offers you the chance to get a percentage of your winnings even if it technically loses. This won’t be the case if all four horses lose and if only one horse wins, as you’ll only be given the returns for that winning single, but it’s more advantageous than backing horses to win or place, as there’s more than one way to win.

Betting on Cheltenham Festival

Using a Lucky 15 for your bets could be useful for a lot of different circumstances but it’s especially worthwhile for horse racing’s biggest festivals such as Cheltenham Festival. Taking part in March of every year, Cheltenham Festival is a highlight on the sporting calendar, facilitating Cheltenham Festival tips on all major race meetings and almost as many horse racing betting tips being picked for the lesser runs. Not all races see the favourite with a big price, leaving the lowest price at around 6/1 or above, and making it possible to build a Lucky 15 even through merely including four lesser-known favourites.