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In this Road To Cheltenham series, Timeform cast their eye over the 2019/20 national-hunt season and take an ante-post look at the 2020 Cheltenham Festival as the season progresses.
Published by Timeform on 4 Dec 2019
Posted in: Road to Cheltenham Festival
Timeform look ahead to the 2020 Cheltenham Festival and arrive at an ante-post bet for the 2020 Champion Chase
Published by Timeform on 15 Nov 2019
Posted in: Road to Cheltenham Festival
Timeform delve into the art of ante-post betting, before arriving at an ante-post bet for the 2020 Cheltenham Gold Cup
As the 2019/20 national-hunt season develops, Timeform will study the form to identify the best ante-post bets for the 2020 Cheltenham Festival, and hopefully find you a few winners!"
Ante-post betting is a longer term bet where bettors trade on the outcome of an event, such as the winner of the Cheltenham Gold Cup, weeks or months before the event takes place. Betting this far in advance can have greater risks because if your selection does not run, your stake is settled as a loser, rather than void, but you can also get enhanced odds as a result of the extra risk attached.
The odds offered on a horse will often change as the race approaches as bookmakers begin to know if the horse is an intended runner in the race, but you still get the odds that were in effect at the time you placed your bet.
Ante-post markets will usually offer better odds than would be available on outright markets closer to the start of the event because of the increased risk, such as a horse withdrawal or injury.
Bookmakers and exchanges offer more runners on ante-post bets because the possible number of horses that might run in the race is larger than those declared closer to the running of the race.
The biggest thing to consider when betting on a horse racing ante-post market is whether or not the horse will actually run in the race. This is because selections in ante-post horse racing markets are settled as losing bets if they do not run, meaning no reduction factor is applied.
There is one exception where your stake will be returned and that is when a horse is balloted out of a race. This means owners wanted intended to run the horse but it didn’t make the cut because too many higher-rated horses were declared than there were places available.
Given the nature of a betting exchange and the duration an ante-post market is up for, bettors have the option to trade out of an ante-post bet for a profit if they are able to identify horses which are over or undervalued when the market is created.
3.30
CHAMPION HURDLE
5.30
NATIONAL HUNT CHASE
1.30
JLT NOVICES' CHASE
2.10
PERTEMPS FINAL
2.50
RYANAIR CHASE
3.30
STAYERS' HURDLE
4.10
FESTIVAL PLATE
1.30
TRIUMPH HURDLE
2.10
COUNTY HURDLE
3.30
CHELTENHAM GOLD CUP
4.10
FOXHUNTER CHASE
4.50
GRAND ANNUAL CHASE
